Logo of Lombard LBTCLombard LBTC(BARD)

Total Value Locked$646.3m

TVL by Chain

Bitcoin$646.3m

Ethereum$0

Key Metrics

Fees 30d$1.49m
Fees 30d by chain

Ethereum$1.68m

Fees 7d$268,932

Ethereum$375,374

Fees 24h$112,941

Ethereum$112,941

Cumulative Fees$4.4m

Ethereum$4.7m

Revenue 30d$119,228
Revenue 30d by chain

Ethereum$134,534

Revenue 7d$21,515

Ethereum$30,030

Revenue 24h$9,035

Ethereum$9,035

Cumulative Revenue$393,236

Ethereum$416,988

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 APY0.41%

Competitors

SolvBTC LSTs ($80.13m)GTBTC ($285.95m)Lorenzo stBTC ($28,060)Chakra ($22,954)alloBTC ($0.45)LISA BTC LST

Frequently Asked Questions

What is Lombard LBTC's TVL?

Lombard LBTC currently has $646.3m in total value locked. TVL has decreased 6.7% 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 $1.49m in fees. Of that, $119,228 was protocol revenue. Based on the trailing year, the annualized rate is $4.25m in fees and $344,318 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 $1.012b across 7 protocols, and Lombard LBTC accounts for 63.8% of that total. Other leading protocols include SolvBTC LSTs, GTBTC, Lorenzo stBTC, Chakra, 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 0.4%.