Lombard

Lombard is a protocol that builds infrastructure so that Bitcoin can be used in decentralized finance applications. Its main product, LBTC, is a liquid staking token minted against Bitcoin deposited by users and carrying the yield from Bitcoin staking carried out via Babylon. BARD, meanwhile, is Lombard's token, found on Ethereum and BNB Chain.

LBTC's security rests on Lombard's Security Consortium of institutional members, hardware-based key management and a proof-of-reserves practice; on the staking side, Babylon is used for security. LBTC has been integrated into numerous decentralized finance protocols across different blockchains. According to the official documents, BARD is used for governance over protocol decisions, for staking to support a security mechanism called the Bitcoin Security Module and for distributing community rewards.

The BARD price may be linked to the amount of Bitcoin deposited into LBTC, Bitcoin staking yields, the breadth of integrations, token unlocks and security risks concerning bridge and custody infrastructure. On the Lombard page of Lzzo.com, the price comes from the BARD/USDT pair on Binance; it is converted into dollars at the Coinbase Exchange USDT/USD rate and the chart tracks this series.