Token Economics
$BARD is the native token of the Lombard Protocol, serving as an economic coordination mechanism for growth, governance, and access to products and infrastructure.
Utility
BARD serves four core purposes:
Governance
BARD holders vote on Security Consortium composition, fee structures, product roadmap, and ecosystem grant allocation through the Liquid Bitcoin Foundation.
Security
Holders stake BARD to safeguard LBTC and BTC.b cross-chain transfers through a cryptoeconomic guarantee layer using Chainlink CCIP and Symbiotic infrastructure.
Ecosystem Development
Through the Liquid Bitcoin Foundation, holders direct resources for ecosystem grants, commercial partnerships, and research and development.
Protocol Access
Holders receive priority access to new products, preferred terms, and enhanced functionality across the ecosystem.
Token Distribution
Token Emissions
At launch, 22.5% of tokens enter circulation. The remaining supply unlocks gradually over 48 months post-TGE, aligning stakeholders for long-term sustainable development.
Ecosystem (35%)
| Allocation | % | Tokens | Unlock |
|---|---|---|---|
| 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, distributed over three phases spanning 12 months.
Ecosystem Activation: Immediate distribution via incentive programs including Airdrop Season 2 (1.5% over 6-month post-TGE Lux program) and Kaito Yappers (0.16% year-long Kaito Leaderboard campaign).
Community Sale: Hosted on 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 with 4.25% unlocked at TGE and remainder linear over 24 months.
Liquid Bitcoin Foundation (20%)
| Allocation | % | Tokens | Unlock |
|---|---|---|---|
| Foundation | 20% | 200,000,000 | 4.25% TGE (42.5M), 15.75% linear over 3 years |
The Foundation directs unlocked tokens toward ecosystem opportunities for maximum long-term impact.
Early Investors (20%)
| Allocation | % | Tokens | Unlock |
|---|---|---|---|
| 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%)
| Allocation | % | Tokens | Unlock |
|---|---|---|---|
| Contributors | 25% | 250,000,000 | 48-month lock, linear from 12 months post-TGE |
Service-based vesting ensures long-term alignment.
Staking
How It Works
- Deposit BARD into the Mellow vault
- Receive stBARD (vault share token)
- stBARD appreciates as rewards accrue
- Redeem stBARD for more BARD than deposited
What Your Stake Secures
Three integrated layers:
Mellow Vault: Holds staked BARD and issues stBARD.
Symbiotic Network: Monitors cross-chain transfers and enforces slash eligibility.
Chainlink CCIP: Validates burns before mints across chains.
When LBTC or BTC.b moves cross-chain, Symbiotic monitors both burn (source) and mint (destination). Mismatches trigger alerts and slash eligibility, creating the first production system where restaked collateral actively secures cross-chain Bitcoin assets.
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
| Contract | Address |
|---|---|
| BARD | 0xf0DB65D17e30a966C2ae6A21f6BBA71cea6e9754 |
| stBARD | 0x4B266366dc8fF4c0007943a679CBa1fDB845f98D |
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
| Exchange | Trading Pairs |
|---|---|
| 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 additional BARD through auto-compounding stBARD.
Lux Program: Earn Lux points through LBTC and BTC.b DeFi deployment activities, converting to BARD in seasonal airdrops.
Airdrop Claiming
Season 1
Claim at claim.lombard.finance
| Phase | Allocation | Timing |
|---|---|---|
| Phase 1 | 1.5% | At TGE |
| Phase 2 | 1.5% plus all referral Lux rewards | March 18, 2026 at 09:00 ET |
Referral Lux was excluded from Phase 1 and distributes exclusively in Phase 2.
Season 2
1.5% of supply (15,000,000 BARD) allocated based on Lux earned between September 18, 2025 and March 18, 2026 00:00 UTC.
100% claimable starting March 30, 2026 at 09:00 ET at claim.lombard.finance .
Next Steps
- Liquid Bitcoin Foundation — Role and operating principles of the Foundation
- Stake BARD — Earn rewards and secure the protocol
- Community — Learn about Lux rewards and governance