Lux & Luminary Program

At Lombard, we are committed to building a robust DeFi ecosystem around LBTC and recognizing our users who support us in this mission. The Luminary Program is a long-term initiative designed to reward both early and loyal participants, and light a path for newcomers with opportunities to engage and grow alongside us. Lombard Lux are the denominations awarded within the program; Lux comes from the Latin word for light!

Receiving Lux

All things relating to Lux fall within the Luminary Program. There are three main ways to engage with Lombard Lux: staking and holding LBTC; placing LBTC into the Lombard DeFi Vault or one of our DeFi integrations; and through the Luminary Program's special events. Importantly, staking BTC and holding LBTC is a foundational step in engaging with Lombard’s ecosystem.

1. Staking BTC & Holding LBTC

The simplest way to obtain Lux is by holding the LBTC received from either staking BTC through Lombard, or by exchanging other assets for LBTC. As you hold LBTC, you accumulate Lux, which are distributed hourly using the formula below.

No. of Lux = Days Staked x Amount of LBTC x 1,000

For example, a user staking 0.01 BTC for one day receives 10 Lux. Note: Accumulating Lux in multiple addresses does not offer an added advantage over accumulating it all in a single address. Note: Staking directly to Lombard's Finality Provider on Babylon does not make users eligible for LBTC or Lombard Lux.

2. Ecosystem Engagement

As we expand our partnerships and integrations, users will have further opportunities to avail of Lux multipliers by participating in whitelisted ecosystem projects.

On the LBTC in DeFi page, you will find the list of DeFi opportunities with respective Lux multipliers.

The Lombard DeFi Vault offers the highest Lux multiplier available, providing an opportunity to maximize Lux while benefiting from an automated, yield-optimized, one-click DeFi management experience.

3. Special Events

The Luminary Program comprises three types of activities, including;

• Flash Events: High-reward, time-sensitive events. Act fast or miss out.

• Spark Initiatives: Community-driven challenges like content creation and our referral program to spark engagement and collective rewards.

• Reflections: Retroactive rewards for loyal users with consistent staking activity, and for key moments in time.

When these events are live, more information will be provided on our Discord, X (Twitter), and updated on our Gitbook.

Tracking and Displaying Lux

Lombard Lux are tracked in collaboration with Sentio, a blockchain infrastructure platform, capturing all protocol activities. Sentio monitors your LBTC holdings, both in wallets and DeFi positions, and calculates holding times to ensure accurate number of Lux.

Lombard Lux are displayed on the Lombard App. Simply connect your wallet and navigate to the DeFi tab to view received Lux.

Benefits of Lombard Lux

We provide transparent insights into which actions maximize your Lux. Lombard Lux are designed to represent your involvement and engagement in real-time, aligning your interests with the growth of the LBTC ecosystem.

Legal Notice:

By participating in the points program, or otherwise accessing or using Lombard Finance’s UI, you accept and agree to be bound and comply with these terms and conditions, along with those set forth in Lombard Finance’s Terms of Service.

Points are not, and may never convert to, accrue to, be used as a basis to calculate, or become, any tokens or other digital assets. Points do not constitute any currency or property of any type. You acknowledge that Lombard Finance is under no obligation to generate tokens. Points are strictly non-transferable, and you may not attempt to sell, trade, or transfer any points, or obtain any manner of credit using any points. Any attempt to sell, trade, or transfer any points will be null and void, except as we may explicitly state otherwise in a written update to these rules on our website. Lombard Finance reserves the right to cancel, change, discontinue, limit, modify, or withdraw this points program (including the frequency, criteria, calculation or eligibility for earning such points), at any time with or without notice and regardless of any particular accumulation of points. You agree not to engage in any manipulative, fraudulent, dishonest, or abusive activities in connection with points or any distribution of digital assets by us or our affiliates. This includes, but is not limited to, creating multiple accounts to claim additional points or digital assets, using bots or scripts to automate claiming, or participating in any schemes that artificially inflate the number or perceived value of points or digital assets, including but not limited to wash trading. We or our affiliates may terminate any or all of your points due to such activities, or for breaching any license granted by us, and may disclose privately and publicly why such action was taken. Staking of points is strictly prohibited. Points are not available to persons who are citizens of, residents (tax or otherwise) of, green card holders of, incorporated in, owned or controlled by a person or entity in, located in, or has a registered office or principal place of business in the United States (defined as a “U.S. person”); persons who are acting for the account or benefit of any U.S. person; persons in any jurisdiction in which the offer, sale, holding, and/or purchase of digital assets or cryptocurrencies is unlawful, prohibited, or unauthorized (together with U.S. persons, a “Restricted Person”); or persons subject to sanctions or who are resident or nationals of a sanctioned jurisdiction.