Snapshot
Continue to About ↓- What it does
- Lombard issues Bitcoin assets and infrastructure that let holders put idle BTC to work onchain.
More detail
- Its yield-bearing LBTC token stays backed 1:1 by custodied Bitcoin while a Bitwise-managed off-chain covered-call strategy targets Bitcoin-denominated yield, and it can be used as DeFi collateral
- a companion bridged asset (BTC.b) and a TypeScript SDK/API serve platforms and institutions.
- Best for
- Bitcoin holders who want BTC-denominated yield or to borrow against BTC without selling, and institutional allocators who need yield while keeping BTC in qualified custody.
More detail
- Also fits wallets, exchanges and protocols that want to ship Bitcoin assets through one integration.
- Pricing
- No subscription or list price.
More detail
- Lombard earns a 20% performance fee on covered-call strategy gains, subject to a high-water mark
- the stated 2.5% net APY target is described as net of that strategy.
- Protocol operating fees from integrated vaults are also charged but the amount is undisclosed.
- LBTC re
- Main limitation
- US and UK persons, who are excluded from the LBTC yield strategy including direct mint and redemption via the Lombard app, along with other restricted jurisdictions.
More detail
- Poor fit for anyone needing instant Bitcoin liquidity, since redemption can take up to 10 days.
- Record
- Living and monitored
- Reviewed
- Evidence
- Public web research
- Machine access
- Structured profile ↗
About
- Lombard issues Bitcoin assets and infrastructure that let holders put idle BTC to work onchain.
- Its yield-bearing LBTC token stays backed 1:1 by custodied Bitcoin while a Bitwise-managed off-chain covered-call strategy targets Bitcoin-denominated yield, and it can be used as DeFi collateral
- a companion bridged asset (BTC.b) and a TypeScript SDK/API serve platforms and institutions.
What it helps with
- Much of the Bitcoin supply sits dormant in long-term holdings, exchange custody and ETFs rather than being used producti
- Wrapped or exchange-held Bitcoin often concentrates control in a single counterparty, which Lombard addresses with a mul
- Bitcoin liquidity and collateral options are fragmented across chains and protocols, limiting where BTC can be used.
- Institutions need yield and DeFi access without giving up qualified custody or title to their Bitcoin.
- Developers face high integration friction to support multiple Bitcoin assets across chains.
Capabilities
A practical view of what is available and where limitations apply.
| Offering | Available | Detail |
|---|---|---|
| LBTC yield-bearing Bitcoin | Yes | Fully BTC-backed token targeting 2.5% net APY in BTC terms from an off-chain covered-call strategy managed by Bitwise Investment Manager; variable, not guaranteed. |
| BTC.b bridged Bitcoin | Yes | 1:1 backed bridged Bitcoin on 6 chains with stated 0% bridging fees and no yield assumptions; whitelabelable for protocols and custodians. |
| DeFi collateral use | Yes | LBTC accepted as collateral on Aave, Morpho, Spark and 50+ other protocols across 10+ chains, per Lombard. |
| Multi-party security validation | Yes | 12-institution Security Consortium; minting requires 10-of-14 validator approvals; keys in FIPS-140 HSMs and TEEs. |
| Independent audits and bug bounty | Yes | 10+ independent audit firms including OpenZeppelin, Halborn, Spearbit and Cantina; $250,000 bug bounty via Immunefi. |
| Proof of reserve | Yes | Real-time onchain backing verification for LBTC and BTC.b via Chainlink Proof of Reserve. |
| Managed institutional yield (Bitcoin Earn) | Yes | Separate managed strategy product targeting up to 4% APY, run by Sentora, Gauntlet and VEDA. |
| Developer SDK and API | Yes | Single TypeScript SDK plus REST/WebSocket APIs with sandbox; Lombard cites Ledger, Binance and Bybit as users. |
| Instant redemption | No | LBTC redemption can take up to the standard 10-day window. |
| Published gas and withdrawal fee schedule | Unknown | Onchain gas and any deposit/withdrawal fees beyond the stated minimums are not itemized publicly. |
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Evidence
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- Verification
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- The owner has not manually confirmed every field.
- Last reviewed
- Primary source
- lombard.finance
Technical profile details
Record ID
483ffc6d-088c-432d-b7f9-e0add402b01bCanonical URLhttps://profiles.scribble.network/listing/lombard-483ffc6d