Glossary
Lombard
A Bitcoin liquid-staking protocol that mints LBTC — a 1:1 BTC representation that is restaked via Babylon to secure PoS networks and earn yield.
Lombard issues LBTC, a Bitcoin liquid staking token. Underlying BTC is delegated to Babylon's Bitcoin staking system, where it provides slashable security to PoS networks; rewards flow back to the LBTC holders. LBTC is bridged to Ethereum, BNB Chain, and several L2s where it can be used as DeFi collateral.
The model brings native Bitcoin yield into the DeFi stack without relying on centralized custody arrangements like wBTC's, using Babylon's trust-minimized BTC staking infrastructure as the yield source.