Lombard Finance (BARD): Institutional-grade Bitcoin liquid staking protocol

Bitcoin stands as the undisputed giant of the cryptocurrency space, commanding the largest market capitalization. Yet, much of its potential remains untapped, often sitting idle as a store of value rather than actively participating in the thriving decentralized finance (DeFi) ecosystem. Lombard Finance aims to change this narrative by unlocking Bitcoin's utility and integrating it seamlessly into DeFi.

Lombard is built upon Babylon, the innovative Bitcoin staking protocol. Lombard’s flagship product, LBTC, is a liquid staking token (LST) for BTC. 

For more than a year after its launch, Lombard Finance operated without a native governance token. In September 2025, Lombard’s native cryptocurrency, the BARD token, was launched to enable various use cases, including governance, staking and access to exclusive rewards

This article explores what Lombard Finance is, how the LBTC and BARD tokens work, describes the Lombard ecosystem and how you can stake LBTC through Bybit Web3.

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