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LearnTransparencyTransparency Dashboard

Transparency Dashboard

The covered-call strategy behind LBTC runs in institutional custody accounts, off-chain.

What Is Published

All performance metrics are reported by Bitwise and published on a 24-hour basis. The dashboard is public at lombard.finance/transparency/lbtc .

The oracle setup and Proof of Reserve cadence are unchanged by the yield transition.


What Is Not Published

Individual trade lines are not disclosed; they are the manager’s proprietary execution, and publishing them in real time would degrade pricing against counterparties. Internal scenario analysis and VaR models are likewise not published.


Reading It During the Ramp

Deployment into the strategy happens in staged tranches, so yield builds over the weeks following launch rather than appearing at full strength on day one. During the ramp, APY runs below the 2.5% target. That is what the deployment figure next to it is there to explain.

Read the two numbers together. Deployment tells you where in the ramp the strategy is; yield tells you what that deployment is currently producing.


Next Steps

  • Yield Strategy, The full mechanics behind the numbers on the dashboard
  • Oracles, Proof of Reserve and price feed infrastructure
  • Risks, The full risk picture across the protocol
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