Lombard BTC(LBTC)

Token Price$81,498+2.22%over 24h

All Time HighOct 6, 2025$125,812

All Time LowSep 6, 2024$52,119

Key Metrics

Market Cap$550.08m

Fully Diluted Valuation$550.08m

Circ. Supply6,749.57 LBTC

Volume 24h$787,540

CEX Volume$0

DEX Volume$785,206

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Category:Liquid Staking Tokens

Risks

How much debt can be issued against LBTC as collateral across lending protocols.

Maximum possible exposure to LBTC

$125.52m

$3.63m (max additional borrows against LBTC) + $121.89m (bad debt if LBTC was hacked now)

Aave V3

$71.8m at-risk exposure = $69.82m bad debt if hacked + $1.98m additional borrowable against LBTC

Morpho V1

$4.38m at-risk exposure = $3.52m bad debt if hacked + $860,991 additional borrowable against LBTC

Euler V2

$636,072 at-risk exposure = $45,118 bad debt if hacked + $590,954 additional borrowable against LBTC

Fluid

$205,371 at-risk exposure = $8,155 bad debt if hacked + $197,216 additional borrowable against LBTC

SparkLend

$48.5m at-risk exposure = $48.5m bad debt if hacked + $0 additional borrowable against LBTC

Methodology and limitations

Showing collateral exposure for LBTC on onchain. Max Borrowable uses the backend's liquidity-bounded borrow-capacity metric (`collateralMaxBorrowUsdLiquidity`) for the maximum additional USD debt that can be issued against the asset right now. Bad Debt at $0 is the minimum known bad debt if the collateral asset price goes to zero; null rows are excluded from this total rather than treated as zero, so totals may remain lower bounds.

These metrics describe lending exposure only and are not a full protocol risk rating.
This view does not include multisigs, timelocks, audits, oracle incidents, listing discussions, curator reports, or protocol backstops.
Chain-specific drilldown is exact only when the token resolves to a concrete chain:address.
Bad debt at $0 is a lower bound when some contributing markets return null for zero-price bad debt; null rows are excluded instead of being treated as zero.

Show exposure details

Each row is one protocol-chain exposure for LBTC as collateral. Bad debt at $0 totals remain lower bounds when a row is marked partial.

Protocol	Chain
Aave V3	Base	LBTC0xecac9c5f704e954931349da37f60e39f515c11c1	$1.98m	—
Euler V2	Base	LBTC0xecac9c5f704e954931349da37f60e39f515c11c1	$590,954	$45,118
Morpho V1	Base	LBTC0xecac9c5f704e954931349da37f60e39f515c11c1	$444,711	$885,608
Morpho V1	Ethereum	LBTC0x8236a87084f8b84306f72007f36f2618a5634494	$403,914	$2.6m
Fluid	Base	LBTC0xecac9c5f704e954931349da37f60e39f515c11c1	$197,216	$8,155
Morpho V1	Katana	LBTC0xecac9c5f704e954931349da37f60e39f515c11c1	$12,367	$32,466
Aave V3	Ethereum	LBTC0x8236a87084f8b84306f72007f36f2618a5634494	$4,100	$69.82m
Morpho V1	Stable	LBTC0xecac9c5f704e954931349da37f60e39f515c11c1	$0.0087	$0.25
SparkLend	Ethereum	LBTC0x8236a87084f8b84306f72007f36f2618a5634494	$0	$48.5m

Loading exposure details...

Token Usage

Token usage needs a subscription

Liquidations

Token liquidations need a subscription

Yields

Showing 10 of 35 pools

Pool	Reference	Protocol
1 LBTCLombard Staked Bitcoin	WBTC	Lombard LBTC	$606.14m	-$28.74m	0.47%	Mixed 52	22,937
2 aEthLBTCAave Ethereum LBTC	LBTC	Aave V3	$219.14m	-$4,270	0.00%	Stable 100	297
3 spLBTCSpark LBTC	LBTC	SparkLend	$118.9m	-$33.35m	0.00%	Stable 100	65
4 LBTCvLombard BTC Vault	LBTC-WBTC	Veda🪂	$73m	+$50,667	1.32%	Mixed 39	4,965
5 LBTCLombard-Flow Traders-LBTC	LBTC	Symbiotic🪂	$47.41m		1.74%0.00%+1.74%	Stable 93
6 eBTCether.fi BTC	LBTC-WBTC	ether.fi Stake	$21.82m	+$241,714	0.21%	Stable 77	2,095
7 LBTC-cbBTC0.02%	LBTC-cbBTC	Uniswap V4	$11.17m		0.88%	Mixed 44
8 ctBeraLBTCConcrete-BeraLBTC-Vault	LBTC	Concrete	$8.81m		0.00%	Stable 100	2,987
9 cbBTC-LBTCCL1 - 0.02%	cbBTC-LBTC	Aerodrome Slipstream	$4.33m		13.55%0.13%+13.41%	Mixed 37	0
10 mLBTCMoonwell LBTC	LBTC	Moonwell Lending	$3.54m	+$60.13	<0.01%	Stable 98	521

Loading yield pools...

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Borrow

Showing 10 of 56 routes

Use LBTCBorrow LBTC

Collateral / Borrow	Protocol
1 LBTC / vbUSDC	Morpho Blue	+7.10%	7.18%0.00%+7.18%	0.08%	$12,253	86%
2 LBTC / cbBTC	Extra Finance Xlend	>-0.01%	0.01%	0.01%	$406,585	68%
3 LBTC / cbBTC	Jupiter Lend	-0.01%	0.00%	0.01%	$647,520	88%
4 LBTC / cbETH	Euler V2	-0.01%	0.00%	0.01%	$107,393	68%
5 LBTC / cbBTC	Euler V2	-0.02%	0.00%	0.02%	$114,447	90%
6 LBTC / weETH	Euler V2	-0.03%	0.00%	0.03%	$272,928	68%
7 LBTC / wstETH	Euler V2	-0.04%	0.00%	0.04%	$36,144	71%
8 LBTC / WBTC	Dolomite	-0.04%	0.00%	0.04%	$793,792	78%
9 LBTC / cbBTC	Morpho Blue	-0.08%	0.00%	0.08%	$277,734	91.5%
10 LBTC / WBTC	Morpho Blue	-0.25%	0.00%	0.25%	$20,298	86%

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Protocol	Chain
Aave V3	Base	LBTC0xecac9c5f704e954931349da37f60e39f515c11c1	$1.98m	—
Euler V2	Base	LBTC0xecac9c5f704e954931349da37f60e39f515c11c1	$590,954	$45,118
Morpho V1	Base	LBTC0xecac9c5f704e954931349da37f60e39f515c11c1	$444,711	$885,608
Morpho V1	Ethereum	LBTC0x8236a87084f8b84306f72007f36f2618a5634494	$403,914	$2.6m
Fluid	Base	LBTC0xecac9c5f704e954931349da37f60e39f515c11c1	$197,216	$8,155
Morpho V1	Katana	LBTC0xecac9c5f704e954931349da37f60e39f515c11c1	$12,367	$32,466
Aave V3	Ethereum	LBTC0x8236a87084f8b84306f72007f36f2618a5634494	$4,100	$69.82m
Morpho V1	Stable	LBTC0xecac9c5f704e954931349da37f60e39f515c11c1	$0.0087	$0.25
SparkLend	Ethereum	LBTC0x8236a87084f8b84306f72007f36f2618a5634494	$0	$48.5m

Pool	Reference	Protocol
1 LBTCLombard Staked Bitcoin	WBTC	Lombard LBTC	$606.14m	-$28.74m	0.47%	Mixed 52	22,937
2 aEthLBTCAave Ethereum LBTC	LBTC	Aave V3	$219.14m	-$4,270	0.00%	Stable 100	297
3 spLBTCSpark LBTC	LBTC	SparkLend	$118.9m	-$33.35m	0.00%	Stable 100	65
4 LBTCvLombard BTC Vault	LBTC-WBTC	Veda🪂	$73m	+$50,667	1.32%	Mixed 39	4,965
5 LBTCLombard-Flow Traders-LBTC	LBTC	Symbiotic🪂	$47.41m		1.74%0.00%+1.74%	Stable 93
6 eBTCether.fi BTC	LBTC-WBTC	ether.fi Stake	$21.82m	+$241,714	0.21%	Stable 77	2,095
7 LBTC-cbBTC0.02%	LBTC-cbBTC	Uniswap V4	$11.17m		0.88%	Mixed 44
8 ctBeraLBTCConcrete-BeraLBTC-Vault	LBTC	Concrete	$8.81m		0.00%	Stable 100	2,987
9 cbBTC-LBTCCL1 - 0.02%	cbBTC-LBTC	Aerodrome Slipstream	$4.33m		13.55%0.13%+13.41%	Mixed 37	0
10 mLBTCMoonwell LBTC	LBTC	Moonwell Lending	$3.54m	+$60.13	<0.01%	Stable 98	521

Collateral / Borrow	Protocol
1 LBTC / vbUSDC	Morpho Blue	+7.10%	7.18%0.00%+7.18%	0.08%	$12,253	86%
2 LBTC / cbBTC	Extra Finance Xlend	>-0.01%	0.01%	0.01%	$406,585	68%
3 LBTC / cbBTC	Jupiter Lend	-0.01%	0.00%	0.01%	$647,520	88%
4 LBTC / cbETH	Euler V2	-0.01%	0.00%	0.01%	$107,393	68%
5 LBTC / cbBTC	Euler V2	-0.02%	0.00%	0.02%	$114,447	90%
6 LBTC / weETH	Euler V2	-0.03%	0.00%	0.03%	$272,928	68%
7 LBTC / wstETH	Euler V2	-0.04%	0.00%	0.04%	$36,144	71%
8 LBTC / WBTC	Dolomite	-0.04%	0.00%	0.04%	$793,792	78%
9 LBTC / cbBTC	Morpho Blue	-0.08%	0.00%	0.08%	$277,734	91.5%
10 LBTC / WBTC	Morpho Blue	-0.25%	0.00%	0.25%	$20,298	86%

Overview