About Lombard (BARD)

What is Lombard (BARD) in crypto?

Lombard Finance is a Bitcoin DeFi protocol founded in 2024. Its flagship, LBTC, is a cross-chain, liquid staking token backed 1:1 by BTC and secured by a 14-member consortium. The BARD token powers this ecosystem, serving governance, staking, and utility functions. The Token Generation Event (TGE) occurred on 18 September 2025 with 22.5% of supply unlocked. So why does it matter? Because it turns BTC into yield-bearing capital for onchain markets.

How many BARD tokens exist?

BARD has a fixed total and maximum supply of 1 billion tokens. At launch, 225M (22.5%) were unlocked, mainly for community sale, airdrops, and ecosystem activation. The rest are locked under multi-year schedules to align long-term incentives. This capped model ensures predictable emissions and avoids uncontrolled token inflation.

How is the BARD token allocated?

The breakdown is precise: 25% to core contributors, 20% to the Liquid Bitcoin Foundation, 20% to early investors, 18.5% to ecosystem development, and 9.34% to ecosystem activation. Community-focused activities include 4% for Season 1 airdrop, 1.5% for Season 2, 1.5% for community sale, and 0.16% for the Kaito Yappers program. A quick take: nearly one-third is locked into user incentives and ecosystem growth.

When do BARD token unlocks occur?

Unlocks are staged monthly over four years. The first post-TGE event happens on 18 October 2025, releasing 10.31M BARD (~1.03% of supply). Similar monthly unlocks continue through 2029, with no contributor or investor tokens released at TGE. This staggered design reduces shock to circulating supply while funding ecosystem expansion.

Who invested in Lombard Finance?

Lombard has Tier 1 backing. Polychain Capital and Franklin Templeton led the $16M seed round in July 2024, joined by Binance Labs (now YZi Labs), OKX Ventures, Mirana Ventures, Robot Ventures, and dao5. A smaller $1M funding round followed in October 2024. In August 2025, a $6.75M community sale sold 15M tokens at $0.45 each, oversubscribed by 14x.

What fundraising has Lombard completed?

The project raised $23.75M across three rounds: $16M seed, $1M funding, and $6.75M community sale. The sale represented 1.5% of supply with full unlock at TGE. Worth noting: retail demand far exceeded allocation, underscoring confidence in Lombard’s Bitcoin DeFi thesis.

What airdrops has BARD launched?

Season 1 (September 2025) distributed 40M tokens to over 81,000 wallets, with half claimable at TGE and the rest after six months. Binance also ran a 10M BARD HODLer drop. Upcoming Season 2 in Q4 2025 will distribute another 15M tokens. Kaito Yappers, a content reward program, allocates 1.6M. Airdrops cement Lombard’s user-first distribution model.

On which exchanges is BARD listed?

BARD launched 18 September 2025 across top-tier CEXs: Binance (USDT, USDC pairs), Bybit, OKX, MEXC, Bitget, and Upbit (KRW pair). Coinbase listed BARD under its Experimental category for U.S. users. Secondary listings include LBank, Phemex, and Bitrue Alpha. With broad fiat and USDT access, liquidity is global from day one.

What role does LBTC play in Lombard’s ecosystem?

LBTC is Lombard’s liquid Bitcoin staking token. It’s backed 1:1 by native BTC, earns yield via Babylon staking, and integrates with over 70 DeFi apps. Unlike wrapped BTC, LBTC is yield-bearing and composable across multiple chains. Today it represents over 40% of Bitcoin liquid staking market share, proving Lombard’s early traction.

What’s ahead on Lombard’s roadmap?

Lombard moves in three phases: Bitcoin activation (done), capital markets middleware (current), and full Bitcoin economy (future). Near-term milestones include Season 2 airdrop and multichain LBTC expansion (Q4 2025), DAO governance (Q1 2026), and institutional lending pools (Q2 2026). Longer term, the Lombard Ledger app-chain aims to anchor a Bitcoin-native economy.

What risks come with BARD and LBTC?

The protocol depends on Babylon staking and a 14-member consortium, creating concentration risks. Bridge transfers and cross-chain mechanics expose potential attack vectors. Token unlocks, starting October 2025, could add sell pressure. Regulatory reclassification as a security may impact availability. And like any BTC derivative, LBTC faces depeg risks in stress events.