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Lombard Finance

Category: Restaking, DeFi

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Overview

Total XP Rewards

60

Estimated Rewards

$25M

Funding

$17M

Current Stage

Season 1

Total value locked

$1.63B

Unique Users

-

Chains

chain imagechain image

Phase

Mainnet

Structure

Points based

Gas

Yes

Grade

A

Tasks

0/3

TGE

-

Type

Restaking

Confirmed

Yes

Date

3 months ago

Introduction

  • Lombard Finance is a decentralized finance (DeFi) protocol designed to bring Bitcoin liquidity into the DeFi ecosystem through liquid staking.
  • It aims to offer efficient, flexible lending solutions by integrating yield farming and DeFi tools into its platform.

Tasks

task-link

Visit https://www.lombard.finance/app/ 

  • Connect your wallet.
  • Stake $BTC/$BTCB to receive $LBTC.
task-link

Visit https://www.lombard.finance/app/dashboard/ 

  • Click on Defi vault.
  • Choose any vault, then approve $LBTC and deposit LBTC/WBTC.
task-link

Visit https://www.lombard.finance/app/dashboard/ 

  • Create & share your referral link to earn more points.

Fundamentals

  • LBTC Token: Users mint LBTC, a synthetic Bitcoin token that represents staked Bitcoin, allowing it to be used across DeFi platforms.
  • Staking Mechanism: Bitcoin holders can stake BTC on Lombard, which uses secure custodial solutions for BTC backing, creating an LBTC peg.
  • Yield Generation: Users earn yield on staked BTC while holding LBTC, giving BTC an income-generating function within DeFi.
  • Security: The protocol leverages Babylon as its secure Bitcoin custody solution to manage LBTC collateral.
  • Ecosystem Integration: LBTC is compatible with various DeFi platforms, allowing it to be used for liquidity, lending, and yield farming.

Potential Rewards

  • Lombard Finance offers a user-friendly interface that simplifies staking for BTC holders, making DeFi participation accessible.
  • The Lux Program rewards users for staking BTC and supporting the protocol.
  • The Luminary Program provides additional incentives through a referral system, rewarding users for bringing in new participants.
  • Both programs aim to strengthen the community and drive protocol adoption.
  • Active community members and early adopters may also benefit from future incentives as the platform grows.

Investors

  • Binance Labs
  • OKX Ventures
  • Polychain Capital

Audit

  • Halborn
  • Veridise

Features

  • Permissionless Access: Any Bitcoin holder can stake and earn yield without restrictions.
  • Liquid Bitcoin Staking (LBTC): Allows BTC holders to earn yield and use BTC in DeFi without losing direct Bitcoin value exposure.
  • Composability: LBTC can be integrated into diverse DeFi protocols, enhancing BTC’s use cases.
  • Yield Redistribution: Directs yields earned from staked BTC back to users holding LBTC.
  • Automated Collateral Adjustments: Maintains LBTC peg via dynamic BTC collateral management.
  • Enhanced Liquidity Options: Enables LBTC to be used as collateral in lending, boosting its utility.
  • On-Chain Transparency: Provides real-time insights into BTC collateral and LBTC circulation for user assurance.

Non-Financial Advice

  • Research:  Explore project's documentation, audits, and community.
  • Understand risks:  DeFi has vulnerabilities, market volatility, and token fluctuation.
  • Invest wisely:  Only invest what you can afford to lose.
  • Beware of scams:  Don't trust unsolicited outreach or guaranteed returns.

*ANZALI only provides suggestions and not financial advice. Use all of the information above at your own risk.

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