Total Value Locked$649.79m
TVL by Chain
Bitcoin$649.79m
Ethereum$0
Key Metrics
Fees 30d$1.58m
Fees 30d by chain
Ethereum$1.77m
Fees 7d$266,143
Ethereum$372,585
Fees 24h$34,556
Ethereum$34,556
Cumulative Fees$4.47m
Ethereum$4.77m
Revenue 30d$126,500
Revenue 30d by chain
Ethereum$141,806
Revenue 7d$21,291
Ethereum$29,806
Revenue 24h$2,764
Ethereum$2,764
Cumulative Revenue$398,764
Ethereum$422,516
Holders Revenue 30d$0
Holders Revenue 30d by chain
Ethereum$0
Holders Revenue 7d$0
Ethereum$0
Holders Revenue 24h$0
Ethereum$0
Cumulative Holders Revenue$0
Ethereum$0
Protocol Information
LBTC is a yield-bearing Bitcoin asset, 1:1 backed by native bitcoin, combining an institutional off-chain yield strategy with yield denominated in Bitcoin and full composability across DeFi. LBTC targets a 2.5% APY generated by an off-chain covered-call options strategy managed by Bitwise Investment Manager, LLC. LBTC is deeply integrated as collateral across DeFi applications on 10+ chains, allowing holders to earn yield and access liquidity. LBTC is secured by a multi-institution Security Consortium, and qualified custodians including Anchorage and Kraken.
Audits:
Methodology
TVL: LBTC is a yield-bearing Bitcoin asset, 1:1 backed by native bitcoin. TVL counts the native BTC in Lombard deposit addresses, capped at the LBTC staking vault base balance reported by the Lombard ledger, plus the LFBTC balance that stands in for the BTC deposit addresses excluded from the address book.View code on GitHubFees: A fixed LBTC Network Security Fee (0.0001 LBTC) is charged for each BTC withdrawal. Additionally, staking rewards accrue from Bitcoin staking via Babylon protocol, reflected in LBTC exchange rate appreciation.View code on GitHubRevenue: Network Security Fees plus 8% performance fee on staking rewards (Finality Providers commission).View code on GitHubHolders Revenue: View code on GitHubYields
Pools Tracked1
Average Supply APY0.32%
Competitors
Frequently Asked Questions
What is Lombard LBTC's TVL?
Lombard LBTC currently has $649.79m in total value locked. TVL has decreased 4.6% over the past 30 days.
What chains does Lombard LBTC operate on?
Lombard LBTC operates on 2 chains: Bitcoin and Ethereum. Bitcoin holds the largest share at 100%.
How much has Lombard LBTC generated in fees and revenue?
Over the past 30 days, Lombard LBTC generated $1.58m in fees. Of that, $126,500 was protocol revenue. Based on the trailing year, the annualized rate is $4.4m in fees and $355,869 in revenue.
How does Lombard LBTC's TVL compare to similar protocols?
Among Restaked BTC protocols tracked by DefiLlama, Lombard LBTC ranks #1 by TVL. The category holds $1.018b across 7 protocols, and Lombard LBTC accounts for 63.8% of that total. Other leading protocols include SolvBTC LSTs, GTBTC, Lorenzo stBTC, Chakra, alloBTC, and LISA BTC LST.
How many yield pools does Lombard LBTC have?
DefiLlama tracks 1 Lombard LBTC yield pool with an average APY of 0.3%.