Key Metrics
Fees 30d$720,898
Fees 30d by chain
Ethereum$720,898
Fees 7d$469,832
Ethereum$469,832
Fees 24h$44,578
Ethereum$44,578
Cumulative Fees$3.09m
Ethereum$3.09m
Revenue 30d$57,672
Revenue 30d by chain
Ethereum$57,672
Revenue 7d$37,587
Ethereum$37,587
Revenue 24h$3,566
Ethereum$3,566
Cumulative Revenue$287,982
Ethereum$287,982
Holders Revenue 30d$0
Holders Revenue 30d by chain
Ethereum$0
Holders Revenue 7d$0
Ethereum$0
Holders Revenue 24h$0
Ethereum$0
Cumulative Holders Revenue$0
Ethereum$0
Protocol Information
LBTC is a yield-bearing Bitcoin asset, 1:1 backed by native bitcoin, combining an institutional off-chain yield strategy with yield denominated in Bitcoin and full composability across DeFi. LBTC targets a 2.5% APY generated by an off-chain covered-call options strategy managed by Bitwise Investment Manager, LLC. LBTC is deeply integrated as collateral across DeFi applications on 10+ chains, allowing holders to earn yield and access liquidity. LBTC is secured by a multi-institution Security Consortium, and qualified custodians including Anchorage and Kraken.
Audits:
Methodology
TVL: LBTC is a yield-bearing Bitcoin asset, 1:1 backed by native bitcoin. TVL counts the native BTC in Lombard deposit addresses, capped at the LBTC staking vault base balance reported by the Lombard ledger, plus the LFBTC balance that stands in for the BTC deposit addresses excluded from the address book.View code on GitHubFees: A fixed LBTC Network Security Fee (0.0001 LBTC) is charged for each BTC withdrawal. Additionally, staking rewards accrue from Bitcoin staking via Babylon protocol, reflected in LBTC exchange rate appreciation.View code on GitHubRevenue: Network Security Fees plus 8% performance fee on staking rewards (Finality Providers commission).View code on GitHubHolders Revenue: View code on GitHubYields
Pools Tracked1
Average Supply APY0.25%
Competitors
Frequently Asked Questions
What is Lombard LBTC's TVL?
Lombard LBTC currently has $677.99m in total value locked. TVL has increased 17.7% over the past 30 days.
What chains does Lombard LBTC operate on?
Lombard LBTC operates on 2 chains: Ethereum and Bitcoin. Bitcoin holds the largest share at 100%.
How much has Lombard LBTC generated in fees and revenue?
Over the past 30 days, Lombard LBTC generated $720,898 in fees. Of that, $57,672 was protocol revenue. Based on the trailing year, the annualized rate is $3.03m in fees and $252,919.86 in revenue.
How does Lombard LBTC's TVL compare to similar protocols?
Among Restaked BTC protocols tracked by DefiLlama, Lombard LBTC ranks #1 by TVL. The category holds $1.021b across 8 protocols, and Lombard LBTC accounts for 66.4% of that total. Other leading protocols include SolvBTC LSTs, GTBTC, Lorenzo stBTC, Chakra, pSTAKE BTC, alloBTC, and LISA BTC LST.
How many yield pools does Lombard LBTC have?
DefiLlama tracks 1 Lombard LBTC yield pool with an average APY of 0.2%.