Lombard

Lombard is a DeFi application, founded in 2024, that aims to bring Bitcoin into decentralized finance by wrapping BTC into a yield-bearing liquid staking token called LBTC. The core problem it addresses is that Bitcoin sitting idle in wallets cannot natively participate in DeFi protocols; Lombard claims to solve this by letting Bitcoin holders access yield and liquidity while remaining economically exposed to BTC. BARD is the native token of the Lombard protocol, which operates across both the Ethereum and BNB Chain ecosystems.

Lombard issues LBTC, a liquid staking token backed by Bitcoin and secured by a decentralized consortium of fourteen digital asset institutions, allowing BTC holders to deploy capital into DeFi without selling their Bitcoin. The protocol also offers a Staking SDK and supporting infrastructure intended for other protocols and platforms that want to integrate onchain BTC. BARD exists within this ecosystem as the protocol's native token, though the data provided does not specify the precise governance or fee-capture mechanics that BARD performs on-chain.

The data provided does not include a recorded fee stream, revenue figures, or fee-distribution mechanics for the Lombard protocol, so no fee-based measures such as price-to-fees ratios are available on this page. What the data does show is that at the current point-in-time snapshot, 363,750,000 BARD are in circulation out of a maximum supply of 1,000,000,000, meaning 36.375% of the total supply has been issued. The remaining 63.625% of supply not yet in circulation represents a dilution overhang of approximately 174.91%, meaning the potential additional supply outstanding dwarfs the current circulating supply. The fully diluted valuation stands at 2.749 times the current market capitalisation of roughly 51.2 million USD.