Lombard LBTC
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.
Key facts
- Category
- Restaked BTC
- Chains
- 2
- Token
- BARD
- Oracles
- —
- Audits
- 2
- Listed
- Sep 2024
Similar Restaked BTC protocols
How this TVL is counted
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.
Frequently asked questions
What is Lombard LBTC’s TVL?
Lombard LBTC has $596.46M in total value locked, -5.43% over the last 7 days. TVL is the value of the crypto locked in its smart contracts.
Which chains is Lombard LBTC on?
Lombard LBTC runs on 2 chains; the most value sits on Bitcoin ($596.46M).
What kind of protocol is Lombard LBTC?
Lombard LBTC is listed under Restaked BTC, where it ranks #1 by TVL.
Data aggregated from public third-party market sources. For informational purposes only — not investment advice.