Lombard BTC(LBTC)

Token Price$76,815-1.91%over 24h

All Time HighOct 6, 2025$125,812

All Time LowSep 6, 2024$52,119

Key Metrics

Market Cap$502.57m

Fully Diluted Valuation$502.57m

Circ. Supply6,542.52 LBTC

Volume 24h$512,356

CEX Volume$0

DEX Volume$626,006

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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

$118.05m

$3.35m (max additional borrows against LBTC) + $114.7m (bad debt if LBTC was hacked now)

Aave V3

$72.21m at-risk exposure = $70.32m bad debt if hacked + $1.89m additional borrowable against LBTC

Morpho V1

$4.22m at-risk exposure = $3.5m bad debt if hacked + $719,128 additional borrowable against LBTC

Euler V2

$595,552 at-risk exposure = $45,138 bad debt if hacked + $550,415 additional borrowable against LBTC

Fluid

$205,589 at-risk exposure = $8,168 bad debt if hacked + $197,421 additional borrowable against LBTC

SparkLend

$40.82m at-risk exposure = $40.82m 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	$1.89m	—
Euler V2	Base	LBTC0xecac9c5f704e954931349da37f60e39f515c11c1	$550,415	$45,138
Morpho V1	Base	LBTC0xecac9c5f704e954931349da37f60e39f515c11c1	$419,757	$837,149
Morpho V1	Ethereum	LBTC0x8236a87084f8b84306f72007f36f2618a5634494	$289,240	$2.63m
Fluid	Base	LBTC0xecac9c5f704e954931349da37f60e39f515c11c1	$197,421	$8,168
Morpho V1	Katana	LBTC0xecac9c5f704e954931349da37f60e39f515c11c1	$10,131	$35,041
Aave V3	Ethereum	LBTC0x8236a87084f8b84306f72007f36f2618a5634494	$0.98	$70.32m
Morpho V1	Stable	LBTC0xecac9c5f704e954931349da37f60e39f515c11c1	$0.0087	$0.26
SparkLend	Ethereum	LBTC0x8236a87084f8b84306f72007f36f2618a5634494	$0	$40.82m

Loading exposure details...

Token Usage

Token usage needs a subscription

Liquidations

Token liquidations need a subscription

Yields

Showing 10 of 32 pools

Pool	Reference	Protocol
1 LBTCLombard Staked Bitcoin	WBTC	Lombard LBTC	$544.61m	-$16.11m	0.64%	—	Mixed 61	22,955
2 aEthLBTCAave Ethereum LBTC	LBTC	Aave V3	$207.07m	-$156,497	0.00%	—	Stable 100	299
3 spLBTCSpark LBTC	LBTC	SparkLend	$95.48m	-$22.38m	0.00%	—	Stable 100	65
4 LBTCvLombard BTC Vault	LBTC-WBTC	Veda🪂	$68.47m	-$618,032	1.54%	—	Mixed 43	4,938
5 LBTCLombard-Flow Traders-LBTC	LBTC	Symbiotic🪂	$44.8m	—	1.82%0.00%+1.82%	—	Stable 95	—
6 eBTCether.fi BTC	LBTC-WBTC	ether.fi Stake	$19.35m	-$142,898	0.22%	—	Stable 82	2,091
7 LBTC-cbBTC0.02%	LBTC-cbBTC	Uniswap V4	$10.57m	—	1.11%	—	Mixed 45	—
8 ctBeraLBTCConcrete-BeraLBTC-Vault	LBTC	Concrete	$8.33m	—	0.00%	—	Stable 100	2,987
9 cbBTC-LBTCCL1 - 0.02%	cbBTC-LBTC	Aerodrome Slipstream	$4.1m	—	5.93%0.13%+5.79%	—	Mixed 36	0
10 LBTC	LBTC	NAVI Lending	$3.92m	—	1.66%<0.01%+1.66%	—	Stable 80	—

Loading yield pools...

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Borrow

Showing 10 of 53 routes

Use LBTCBorrow LBTC

Collateral / Borrow	Protocol
1 LBTC / vbUSDC	Morpho Blue	+6.95%	7.01%0.00%+7.01%	0.07%	$10,124	86%
2 LBTC / cbBTC	Jupiter Lend	-0.01%	0.00%	0.01%	$599,776	88%
3 LBTC / cbBTCFrozen	Extra Finance Xlend	-0.02%	0.01%	0.02%	$379,228	68%
4 LBTC / cbBTC	Euler V2	-0.02%	0.00%	0.02%	$99,901	90%
5 LBTC / weETH	Euler V2	-0.03%	0.00%	0.03%	$259,818	68%
6 LBTC / wstETH	Euler V2	-0.04%	0.00%	0.04%	$13,541	71%
7 LBTC / WBTC	Dolomite	-0.05%	0.00%	0.05%	$733,670	78%
8 LBTC / cbBTC	Morpho Blue	-0.08%	0.00%	0.08%	$262,700	91.5%
9 LBTC / cbETH	Euler V2	-0.09%	0.00%	0.09%	$99,318	68%
10 LBTC / WBTC	Morpho Blue	-0.19%	0.00%	0.19%	$19,211	86%

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Protocol	Chain
Aave V3	Base	LBTC0xecac9c5f704e954931349da37f60e39f515c11c1	$1.89m	—
Euler V2	Base	LBTC0xecac9c5f704e954931349da37f60e39f515c11c1	$550,415	$45,138
Morpho V1	Base	LBTC0xecac9c5f704e954931349da37f60e39f515c11c1	$419,757	$837,149
Morpho V1	Ethereum	LBTC0x8236a87084f8b84306f72007f36f2618a5634494	$289,240	$2.63m
Fluid	Base	LBTC0xecac9c5f704e954931349da37f60e39f515c11c1	$197,421	$8,168
Morpho V1	Katana	LBTC0xecac9c5f704e954931349da37f60e39f515c11c1	$10,131	$35,041
Aave V3	Ethereum	LBTC0x8236a87084f8b84306f72007f36f2618a5634494	$0.98	$70.32m
Morpho V1	Stable	LBTC0xecac9c5f704e954931349da37f60e39f515c11c1	$0.0087	$0.26
SparkLend	Ethereum	LBTC0x8236a87084f8b84306f72007f36f2618a5634494	$0	$40.82m

Pool	Reference	Protocol
1 LBTCLombard Staked Bitcoin	WBTC	Lombard LBTC	$544.61m	-$16.11m	0.64%	—	Mixed 61	22,955
2 aEthLBTCAave Ethereum LBTC	LBTC	Aave V3	$207.07m	-$156,497	0.00%	—	Stable 100	299
3 spLBTCSpark LBTC	LBTC	SparkLend	$95.48m	-$22.38m	0.00%	—	Stable 100	65
4 LBTCvLombard BTC Vault	LBTC-WBTC	Veda🪂	$68.47m	-$618,032	1.54%	—	Mixed 43	4,938
5 LBTCLombard-Flow Traders-LBTC	LBTC	Symbiotic🪂	$44.8m	—	1.82%0.00%+1.82%	—	Stable 95	—
6 eBTCether.fi BTC	LBTC-WBTC	ether.fi Stake	$19.35m	-$142,898	0.22%	—	Stable 82	2,091
7 LBTC-cbBTC0.02%	LBTC-cbBTC	Uniswap V4	$10.57m	—	1.11%	—	Mixed 45	—
8 ctBeraLBTCConcrete-BeraLBTC-Vault	LBTC	Concrete	$8.33m	—	0.00%	—	Stable 100	2,987
9 cbBTC-LBTCCL1 - 0.02%	cbBTC-LBTC	Aerodrome Slipstream	$4.1m	—	5.93%0.13%+5.79%	—	Mixed 36	0
10 LBTC	LBTC	NAVI Lending	$3.92m	—	1.66%<0.01%+1.66%	—	Stable 80	—

Collateral / Borrow	Protocol
1 LBTC / vbUSDC	Morpho Blue	+6.95%	7.01%0.00%+7.01%	0.07%	$10,124	86%
2 LBTC / cbBTC	Jupiter Lend	-0.01%	0.00%	0.01%	$599,776	88%
3 LBTC / cbBTCFrozen	Extra Finance Xlend	-0.02%	0.01%	0.02%	$379,228	68%
4 LBTC / cbBTC	Euler V2	-0.02%	0.00%	0.02%	$99,901	90%
5 LBTC / weETH	Euler V2	-0.03%	0.00%	0.03%	$259,818	68%
6 LBTC / wstETH	Euler V2	-0.04%	0.00%	0.04%	$13,541	71%
7 LBTC / WBTC	Dolomite	-0.05%	0.00%	0.05%	$733,670	78%
8 LBTC / cbBTC	Morpho Blue	-0.08%	0.00%	0.08%	$262,700	91.5%
9 LBTC / cbETH	Euler V2	-0.09%	0.00%	0.09%	$99,318	68%
10 LBTC / WBTC	Morpho Blue	-0.19%	0.00%	0.19%	$19,211	86%

Overview