Logo of Lombard LBTCLombard LBTC(BARD)

Total Value Locked$696.81m

TVL by Chain

Bitcoin$696.81m

Ethereum$0

Key Metrics

Fees 30d$961,814
Fees 30d by chain

Ethereum$961,814

Fees 7d$240,878

Ethereum$240,878

Fees 24h$0

Ethereum$0

Cumulative Fees$3.33m

Ethereum$3.33m

Revenue 30d$76,945
Revenue 30d by chain

Ethereum$76,945

Revenue 7d$19,270

Ethereum$19,270

Revenue 24h$0

Ethereum$0

Cumulative Revenue$307,252

Ethereum$307,252

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.

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Category:Restaked BTC

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 GitHub

Yields

Pools Tracked1

Average Supply APY0.12%

Competitors

SolvBTC LSTs ($78.64m)GTBTC ($279m)Lorenzo stBTC ($27,352.91)Chakra ($23,187.27)pSTAKE BTC ($0.48)alloBTC ($0.44)LISA BTC LST

Frequently Asked Questions

What is Lombard LBTC's TVL?

Lombard LBTC currently has $696.81m in total value locked. TVL has increased 0.5% 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 $961,814 in fees. Of that, $76,945 was protocol revenue. Based on the trailing year, the annualized rate is $3.32m in fees and $274,152.31 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 $1.048b across 8 protocols, and Lombard LBTC accounts for 65.9% of that total. Other leading protocols include SolvBTC LSTs, GTBTC, Lorenzo stBTC, Chakra, pSTAKE BTC, 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 0.1%.