Dec. '24 Flash Event
Luminary Program: Flash Event from 1st December – January 5th.
To celebrate Babylon Cap-3, Lombard is is excited to announce our second Flash Event! Newly minted LBTC, on Ethereum, Base, or BSC, will receive a 100% Lux boost, and existing users that double their existing stakes will receive a 200% Lux boost.
Time Windows:
Deposit Window: December 1st 11:00 UTC – December 15th 11:00 UTC (14 days).
Boost Window: December 1st 11:00 UTC – December 22nd 11:00 UTC (21 days).
Mandatory Hold: January 5th 11:00 UTC (35 days).
Users must stake BTC, cbBTC, or BTCB and mint LBTC during the deposit window, swapping into LBTC via a DEX is not eligible. The Lux boost will be applied for the duration of the boost window. The Lux boost will be issued retroactively, provided users hold their newly minted LBTC or allocate it to whitelisted DeFi applications till the the Mandatory Hold. All Lux will be issued retroactively.
Terms:
Only newly minted LBTC is eligible for the boost. You can mint LBTC from BTC on Ethereum, cbBTC on Base, and BTCB on BSC. Swapping into LBTC is not eligible.
LBTC minted on Ethereum, Base, and BSC is eligible.
Minimum deposit: 0.001 BTC.
If an existing user doubles their staked amount, they receive a 200% Lux multiplier on the newly minted LBTC.
Users must hold their LBTC or allocate to any of our whitelisted integrations displayed below during (available on Lombard's Dashboard) the Hold Window :
for Morpho, Euler, Zerolend, Gearbox ⇒ Only LBTC collateral is eligible for the Flash Event
for Lombard DeFi Vault ⇒ Only LBTC deposits are eligible for the Flash Event
for Pendle ⇒ All strategies are eligible for the Flash Event
for eBTC ⇒ Only LBTC deposits are eligible for the Flash Event
Note: Flash Event Boost only applies to the new LBTC minted, DeFi multipliers are not effected.
Visualization:
By default, you receive 1000 Lux for holding 1 LBTC per day
The campaign boost means you instead receive 2000 lux per LBTC per day, but you do not need to hold the amount; you can further increase your Lux exposure via Defi Integrations
Examples:
Suppose a user minted 1 LBTC and deposited this 1 LBTC into the vault on the Dec. 8th, and holds until Jan. 5th.
Result :
User receives 2000 Lux for minting per day from campaign bonus, only during the Boost Window: 2000 x 14 = 28,000 Lux
User receives 4000 Lux per day from depositing 1 LBTC into the vault: 4000 x 28 = 112,000 Lux
Total Lux earned by Mandatory Hold: 140,000 Lux
Suppose a user held 1 LBTC or an active DeFi position, anytime prior to the Deposit Window, and minted 1 LBTC and deposited 2 LBTC into the vault on the Dec. 8th, and holds until Jan. 5th.
Result :
User receives 3000 Lux per day for the 1 LBTC newly minted, as the doubled their staked amount, from campaign bonus, only during the Boost Window: 3000 x 14 = 42,000 Lux
User receives 4000 Lux per day from depositing 1 LBTC into the vault: 2 x 4000 x 28 = 224,000 Lux
Total Lux earned by Mandatory Hold: 274,000 Lux
Suppose a user minted 1 LBTC and deposited this 1 LBTC into the vault on the Dec. 8th, and holds until Jan. 4th.
Result :
User receives no campaign bonus as they did not hold onto until the end of the Mandatory Hold.
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.
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