Lombard

Lombard is a decentralized finance application, launched in 2024, that aims to bring Bitcoin into yield-generating DeFi activity through a product called LBTC, a liquid staking token backed by Bitcoin. The project targets Bitcoin holders, protocols, and platforms that want to deploy their Bitcoin within onchain financial systems rather than keeping it idle. It describes itself as building full-stack infrastructure for what it calls onchain Bitcoin capital markets.

Lombard operates across the Ethereum and BNB Chain ecosystems and issues LBTC, a yield-bearing Bitcoin liquid staking token secured by a consortium of fourteen digital asset institutions. The BARD token exists within this system, though the data provided does not specify its exact governance or utility mechanics in granular detail. Lombard does not use its own consensus algorithm or produce its own blocks, as the block time in the data is recorded as zero, meaning it relies on the settlement layers of the chains it is deployed on.

The data provided does not include a fee stream, revenue figures, or protocol earnings for Lombard, so no fee-based analysis can be drawn from what this site stores. What is recorded is that 35.34 percent of the maximum supply of one billion BARD tokens is currently in circulation at the time of this snapshot, and the ratio of fully diluted value to market capitalisation stands at 2.83, reflecting the gap between circulating and total supply. The dilution overhang figure of 182.94 percent indicates that the quantity of tokens not yet in circulation is nearly three times the size of the circulating supply, which is relevant context for understanding the relationship between current market capitalisation and the full token economy.