Bitcoin Bera Vault
Last updated
Last updated
Please note: Upgrade your Bitcoin Bera Vault position to the new , and claim rewards, via the .
The Bitcoin Bera Vault will be decommissioned in the future, once most positions have been claimed. Any remaining positions will then be wound up and principle returned. The date of this will be clearly communicated before action is taken.
Lombard has teamed up with Concrete to launch a BTC DeFi vault (similar to our Veda vault on ETH Mainnet) that allocates LBTC and WBTC into conservative DeFi strategies (DEX liquidity provision and passive lending) on Berachain in a curated and automated fashion.
Lombard and Concrete have built with Berachain, Royco, and the top projects in the Bera ecosystem to provide early access to Berachain with LBTC & wBTC.
Upon Berachain Mainnet, the Bitcoin Bera Vault operated by Concrete will deploy deposits across various strategies utilizing Dolomite and Kodiak and other partner protocols participating in Boyco.
Yield: At Berachain Mainnet, funds will be deployed into DeFi opportunities to earn DeFi yield.
Fees: no fees
Deposits:
Exclusively on Ethereum
Deposit Deadline: 2nd half of January
Deposit asset: LBTC & wBTC
Both LBTC and wBTC deposits are treated the same and earn the same rewards.
Users receive a receipt token in their wallet (ctLBTC or ctWBTC, respectively)
Withdrawals: funds will be locked until 6 May, 2025.
Whilst there is a lock-up period, receipt tokens can be transferred freely, meaning users can exit the position.
Additional Rewards:
1x Berachain, 1x Babylon, 4x Lombard, 1x Kodiak, 1x Dolomite and 4x Concrete.
Points accumulate until 14 April, when withdrawals are enabled.
Access: Users deposit LBTC or wBTC to the Bitcoin Bera Vault on Ethereum Mainnet
Bridging through Boyco contracts via Layerzero bridge. This is not the Boyco program itself. That will start in the near future, and Berachain mainnet will follow within a couple weeks of Boyco launch.
Lombard DeFi Vault is composed of a diverse range of DeFi products, each carrying inherent smart contract risks and varying levels of economic risk. Users should be aware that these risks can impact both the principal and yield. It is essential to carefully assess the risk tolerance before participating in the vault.
Audit:
ctWBTC:
ctLBTC:
The Lombard Protocol restricts access to users in certain jurisdictions, including the United States. For a full list of restricted parties, please visit our .
The Bitcoin Bera Vault is built using Concrete Infrastructure.