Token Economics
$BARD is the native token of the Lombard Protocol. It's a economic coordination mechanism powering growth, governing the protocol, and enabling access to Lombard's products and infrastructure.
Designed with a generational horizon, $BARD accelerates the development and distribution of Bitcoin infrastructure for decades to come.
Token Overview
Token Name
BARD
Total Supply
1,000,000,000 (fixed)
Circulating at TGE (Sept 2025)
225,000,000 (22.5%)
Network
Ethereum
Contract Address
Utility
BARD serves four core purposes:
Governance
BARD empowers the community to steer Lombard's evolution. Holders will be able to vote on:
Security Consortium composition
Fee structures
Product roadmap
Ecosystem grant allocation through the Liquid Bitcoin Foundation
Security
BARD secures Lombard's core infrastructure. Holders stake BARD to safeguard LBTC cross-chain transfers through a cryptoeconomic guarantee layer built on Chainlink CCIP and Symbiotic infrastructure. This creates a decentralized security layer that scales with protocol adoption.
Ecosystem Development
Through the Liquid Bitcoin Foundation, BARD holders direct resources that accelerate adoption:
Fund ecosystem grants
Forge commercial partnerships
Support research and development
Protocol Access
BARD provides holders with:
Priority access to new products
Preferred terms
Enhanced functionality across the ecosystem
Token Distribution
Summary
Ecosystem
35%
350,000,000
Mixed
Core Contributors
25%
250,000,000
48 months, cliff 12 months
Liquid Bitcoin Foundation
20%
200,000,000
4.25% TGE, 3-year linear
Early Investors
20%
200,000,000
48 months, cliff 12 months
Token Emissions:
The total token supply is fixed at 1,000,000,000 $BARD at TGE. At launch, 22.5% (225,000,000 BARD) will enter circulation to reward early users and participants, providing liquid incentives that accelerate near-term ecosystem growth. The remaining supply will unlock gradually over a 48-month period post-TGE, designed to align stakeholders and ensure Lombard’s long-term, sustainable development.
Ecosystem (35%)
Over one-third of supply is dedicated to community growth and development.
Airdrop Season 1
4%
40,000,000
1.5% TGE, 1.5% at 6 months, 1% at 12 months
Ecosystem Activation
11%
110,000,000
Unlocked immediately
Community Sale
1.5%
15,000,000
Fully unlocked at TGE
Ecosystem Development
18.5%
185,000,000
4.25% TGE, rest linear 24 months
Airdrop Season 1: Early users earned allocation based on LBTC activity. Distribution in three phases over 12 months.
Ecosystem Activation: Immediate distribution via incentive programs, including:
Airdrop Season 2 (1.5%): 6-month post-TGE Lux program
Kaito Yappers (0.16%): Year-long Kaito Leaderboard campaign
Community Sale: Hosted by Buidlpad, raised $6.75 million at $450M FDV from 21,340 verified participants across 132 countries. All allocations fully unlocked at TGE.
Ecosystem Development: Fuels growth through commercial partnerships. 4.25% unlocked at TGE, remainder linear over 24 months.
Liquid Bitcoin Foundation (20%)
The Foundation serves as steward of the Lombard Protocol, funding research, development, and initiatives.
Foundation
20%
200,000,000
4.25% TGE (42.5M), 15.75% linear over 3 years
The Foundation retains flexibility to direct unlocked tokens toward ecosystem opportunities, ensuring resources create maximum long-term impact.
→ Learn about the Liquid Bitcoin Foundation
Early Investors (20%)
Leading investors who backed Lombard's vision and enabled development.
Investors
20%
200,000,000
48-month lock, linear from 12 months post-TGE
Lead Investor
Polychain Capital
Institutional Investors
Franklin Templeton
YZi Labs (formerly Binance Labs)
BabylonChain, Inc.
dao5
Foresight Ventures
HTX Ventures
Mirana Ventures
Mantle EcoFund
Nomad Capital
OKX Ventures
Robot Ventures
Strategic Exchange Partners
Binance
Bybit
OKX
HTX
Bitget
Angel Investors Founders and executives from Allora, Altlayer, Babylon, BeraChain, Euler, Gearbox, Manta, MegaEth, Pendle, Ritual, Scroll, StakeStone, Seven Seas, and Zircuit.
Core Contributors (25%)
Incentivizes current and future team members building Bitcoin Capital Markets on-chain.
Contributors
25%
250,000,000
48-month lock, linear from 12 months post-TGE
Service-based vesting ensures long-term alignment.
Staking
Staking BARD contributes to protocol security and earns rewards.
How It Works
Deposit BARD into the Mellow vault
Receive stBARD (vault share token)
stBARD appreciates in value as rewards accrue
Redeem stBARD for more BARD than deposited
What Your Stake Secures
BARD staking integrates three layers:
Mellow Vault — Holds staked BARD, issues stBARD
Symbiotic Network — Monitors cross-chain transfers, enforces slash eligibility
Chainlink CCIP — Validates burns before mints across chains
When LBTC moves cross-chain, Symbiotic monitors both burn (source) and mint (destination). Mismatches trigger alerts and slash eligibility. This creates the first production system where restaked collateral actively secures a cross-chain Bitcoin asset.
Rewards
Paid in BARD
Auto-compound (no claiming needed)
stBARD exchange rate increases over time
Example: 1,000 stBARD at rate 1.00 → rate increases to 1.08 → redeem 1,080 BARD
Unstaking
21-day withdrawal period
Funds remain slash-eligible until epoch closes
Multiple concurrent unstake requests allowed
Continue earning on staked portion during exit window
Staking Contracts
Protocol Revenue
Lombard captures fees across its product suite:
LBTC Staking Yield: Share of yield from operating Finality Providers on Babylon.
Vault Fees: Management fees from integrated vaults.
Where to Get BARD
Centralized Exchanges
Binance
BARD/USDT, BARD/USDC, BARD/BNB, BARD/FDUSD, BARD/TRY
OKX
BARD/USDT
Coinbase
BARD/USD
Upbit
BARD/KRW, BARD/BTC, BARD/USDT
Bithumb
BARD/KRW
Toobit
BARD/USDT
Earn BARD
Staking: Stake existing BARD to earn more BARD through auto-compounding stBARD.
Lux Program: Earn Lux points through LBTC activities. Lux converts to BARD in seasonal airdrops.
Airdrop Claiming
Season 1
Claim at claim.lombard.finance
Phase 1
1.5%
At TGE
Phase 2
1.5%
6 months post-TGE
Phase 3
1%
12 months post-TGE
Referral rewards distributed in Phase 2 only.
Season 2
1.5% allocation for continued Lux program participation. Claimable after Season 2 ends.
Next Steps
Stake BARD — Earn rewards and secure the protocol
Liquid Bitcoin Foundation — Learn about governance
Lux Rewards — Earn BARD through LBTC activities
Claim Airdrop — Check eligibility
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