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Lombard Staked BTC(LBTC)

Token Price$60,508

24h Change-2.61%

All Time HighOct 6, 2025$125,812

All Time LowSep 6, 2024$52,119

Key Metrics

Market Cap$620.36m

Fully Diluted Valuation$620.36m

Circ. Supply10,252 LBTC

Volume 24h$2.03m

CEX Volume$0

DEX Volume$2.43m

Risks

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

Maximum possible exposure to LBTC

$225.03m

$53.41m (max additional borrows against LBTC) + $171.62m (bad debt if LBTC was hacked now)

Aave V3

$74.14m at-risk exposure = $48.28m bad debt if hacked + $25.86m additional borrowable against LBTC

Fluid

$15.77m at-risk exposure = $9,147 bad debt if hacked + $15.76m additional borrowable against LBTC

Morpho V1

$50.27m at-risk exposure = $44.53m bad debt if hacked + $5.74m additional borrowable against LBTC

SparkLend

$83.74m at-risk exposure = $78.75m bad debt if hacked + $4.98m additional borrowable against LBTC

Euler V2

$1.13m at-risk exposure = $54,370 bad debt if hacked + $1.07m 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	Ethereum	LBTC0x8236a87084f8b84306f72007f36f2618a5634494	$24.27m	$48.28m
Fluid	Ethereum	LBTC0x8236a87084f8b84306f72007f36f2618a5634494	$15.57m	$1,503
SparkLend	Ethereum	LBTC0x8236a87084f8b84306f72007f36f2618a5634494	$4.98m	$78.75m
Morpho V1	Ethereum	LBTC0x8236a87084f8b84306f72007f36f2618a5634494	$4.83m	$43.24m
Aave V3	Base	LBTC0xecac9c5f704e954931349da37f60e39f515c11c1	$1.59m	—
Euler V2	Base	LBTC0xecac9c5f704e954931349da37f60e39f515c11c1	$1.07m	$54,370
Morpho V1	Base	LBTC0xecac9c5f704e954931349da37f60e39f515c11c1	$825,737	$676,823
Fluid	Base	LBTC0xecac9c5f704e954931349da37f60e39f515c11c1	$193,538	$7,644
Morpho V1	Katana	LBTC0xecac9c5f704e954931349da37f60e39f515c11c1	$79,352	$612,498
Morpho V1	Monad	LBTC0xecac9c5f704e954931349da37f60e39f515c11c1	$52.72	$0.82

Page 1 of 2

Rows per page

Risk Timeline

Risk-management actions published about LBTC by tracked risk managers and governance contributors, newest first.

25 actions

contributor@AllezLabsgov.kamino.finance

1 month ago

↓Kamino Lend April 2026 Risk Insights

In response to the April 18 KelpDAO exploit exposing LayerZero bridge vulnerabilities, LBTC was shifted to reduce-only mode, enabling outflows while halting new inflows to mitigate counterparty and bridging concerns.

risk managerBlock Analiticaforum.skyeco.com

1 month ago

↑Sky Ecosystem Risk Month in Review: April 2026

SparkLend parameter updates supported for LBTC in upcoming spells under risk modification guidelines. Enhances its integration and usage within the protocol with reviewed risk parameters.

contributor@Steakhouseforum.morpho.org

1 month ago

→Upgrading oracles for Prime BTC and ETH markets

LBTC markets are integrating LBTC/BTC Redstone oracle paired with SVR BTC/USD, providing a more robust pricing mechanism to handle potential discrepancies in BTC-wrapped asset valuations.

risk managerGauntletcomp.xyz

2 months ago

↓Compound Ethereum Supply Cap Reductions Across Comets

LBTC shows zero utilization in WBTC Comet with no supply balance. Cap set to 0 to eliminate risks from potential exploits or custody issues in lesser-used BTC wrappers.

contributor@EulerLabsforum.euler.finance

2 months ago

→Sunsetting of DAO-Managed Markets and Vaults

Isolated LBTC markets on Monad with low OI are being handed over to curator K3 for continued management, as the DAO sunsets direct operations to minimize conflicts of interest and refocus on infrastructure.

risk managerGauntletforum.euler.finance

4 months ago

↑LLTV and Max LTV upward revisions on Euler Base

LBTC's volatility and liquidity assessments enable LLTV increases to promote adoption, with built-in buffers for risk management.

risk managerGauntletforum.euler.finance

4 months ago

↑LLTV and Max LTV Revisions on Euler Prime

2% LLTV increases across all pairs to maintain consistency and align with high market LTVs, especially for LBTC/cbBTC borrowing, per internal modeling and liquidity data.

risk managerGauntletcomp.xyz

5 months ago

↓Recommendations for Low Utilization Assets on Mainnet

The LBTC market has shown low user demand with average supply cap utilization of 0% over the past 30 days, leading to a recommendation to halve the supply cap and reduce protocol risk exposure.

contributor@0x8541cCfc6E7EAcEbD233C6789a0FbF7C708B0E68snapshot.box/s:sparkfi.eth

5 months ago

↓SparkLend: Add LBTC to Oracle Kill Switch

LBTC is being added to the oracle kill switch to trigger lockdown mode and block new borrows if its price deviates below 0.95 BTC per LBTC, mitigating bad debt risk from potential haircuts or depegs similar to protections for wstETH and WBTC.

contributor@kpkforum.morpho.org

7 months ago

↑kpk USDC Prime vault whitelisting on Morpho

LBTC enhances BTC diversification in the vault, incorporated after evaluation of its borrowing demand and collateral strength, with dynamic rebalancing to sustain liquidity under stress.

Markets

Token Usage

An is required to view token usage.

Liquidations

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Yields

Showing 10 of 46 pools

Pool	Project
open in new tab CBBTC-WBTC-LBTC	Curve DEX	$4.08m	4.08%	0%	4.08%	5.04%
open in new tab WBTC-LBTC0.01%	Uniswap V3	$1.21m	8.87%	8.87%		3.03%
open in new tab LBTC-WBTC	Curve DEX	$658,775	7.13%	7.13%		0.38%
open in new tab WBTC-LBTC	Fluid DEX	$279,365	2.09%	2.09%		0.55%
open in new tab SUI-LBTC0.2%	Bluefin Spot	$218,766	7.40%	2.48%	4.92%	7.93%
open in new tab LBTC-WBTC0.01%	Bluefin Spot	$95,725	16.86%	0.68%	16.18%	17.01%
open in new tab LBTCLBTC	🪂Endur	$91,144	2.35%	2.35%		2.46%
open in new tab LBTC-SUI25%	Cetus CLMM	$47,938	36.06%	22.10%	13.96%	49.16%
open in new tab XAUM-LBTC0.2%	Bluefin Spot	$15,482	17.63%	17.63%		14.79%
open in new tab LBTCRe7 xBTC	🪂Vesu	$6,916	37.25%	37.25%		69.19%

Page 1 of 5

Borrow

Showing 10 of 1395 routes

Pool	Project
open in new tabLBTC ➞ MORPHO	Jupiter Lend	$9.06m	6.51%	0%	7.40%	88%	$249,873	$215,371
open in new tabLBTC ➞ VVV	Jupiter Lend	$664,572	12.18%	0%	13.84%	88%	$249,873	$215,371
open in new tabLBTC ➞ VVV	Moonwell Lending	$664,572	11.32%	0.24%	13.84%	80%	$3.46m	$374,640
open in new tabLBTC ➞ VVV	Dolomite	$664,572	10.81%	0.01%	13.84%	78%	$25,912	$987
open in new tabLBTC ➞ VVV	NAVI Lending	$664,572	10.59%	1.60%	13.84%	65%	$2.86m	$106,059
open in new tabLBTC ➞ VVV	Jupiter Lend	$664,572	10.38%	0%	13.84%	75%	$4.6m	$2.61m
open in new tabLBTC ➞ VVV	Jupiter Lend	$664,572	10.38%	0%	13.84%	75%	$265,827	$147,540
open in new tabLBTC ➞ VVV	Jupiter Lend	$664,572	10.38%	0%	13.84%	75%	$54,313	$28,502
open in new tabLBTC ➞ VVV	SparkLend	$664,572	10.24%	0%	13.84%	74%	$201.59m
open in new tabLBTC ➞ VVV	Aave V3	$664,572	9.69%	0%	13.84%	70%	$136.4m	$1,045