Lombard (BARD), a liquid staking protocol focused on Bitcoin's on-chain infrastructure. Lombard aims to address the pain points of Bitcoin holders: traditional Bitcoin holdings do not generate returns, while Lombard allows users to obtain liquidity tokens (such as LBTC) through liquid staking technology while staking BTC. These tokens can be used for DeFi applications, lending, or trading without sacrificing the security of the native BTC.
Lombard's core innovation lies in its Bitcoin restaking mechanism.
It allows users to stake BTC into the Lombard protocol, generating LBTC (Lombard BTC), which can then be further used in other DeFi protocols to earn additional returns. This is similar to EigenLayer on Ethereum but focuses on the Bitcoin ecosystem. The project supports BNB Smart Chain and the Ethereum network, meaning that BARD tokens can circulate across chains, enhancing their usability.
BNB
872.4
-2.66%