Key Metrics
Fees 30d$786,028
Fees 30d by chain
Ethereum$786,028
Fees 7d$269,293
Ethereum$269,293
Fees 24h$10,276
Ethereum$10,276
Cumulative Fees$3.11m
Ethereum$3.11m
Revenue 30d$62,882
Revenue 30d by chain
Ethereum$62,882
Revenue 7d$21,543
Ethereum$21,543
Revenue 24h$822
Ethereum$822
Cumulative Revenue$289,626
Ethereum$289,626
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 APY0.2%
Competitors
Frequently Asked Questions
What is Lombard LBTC's TVL?
Lombard LBTC currently has $683.95m in total value locked. TVL has increased 20.7% over the past 30 days.
What chains does Lombard LBTC operate on?
Lombard LBTC operates on 2 chains: Bitcoin and Ethereum. 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 $786,028 in fees. Of that, $62,882 was protocol revenue. Based on the trailing year, the annualized rate is $3.09m in fees and $258,007.74 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 $1.025b across 8 protocols, and Lombard LBTC accounts for 66.7% 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%.