FAQ

Find answers to common questions about Lombard, LBTC, BTC.b, and $BARD.


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What You'll Find

Lombard protocol, security, team, backing

Staking, unstaking, yield, fees

Minting, redeeming, WBTC comparison

Token, airdrop, staking, governance


Quick Answers

What is the difference between LBTC and BTC.b?

Feature
LBTC
BTC.b

Yield

Yes (~0.41% APY)

No

BTC backing

1 LBTC = 1+ BTC (grows over time)

1 BTC.b = 1 BTC (always)

Use case

Earn while holding

Simple Bitcoin representation

Unstaking time

9 days

7-9 days

Can I convert between LBTC and BTC.b?

Not directly. You need to redeem one for native BTC, then mint the other. This incurs redemption fees and waiting times. Some DEXs may offer direct swaps depending on liquidity.

Is KYC required?

No. Both LBTC and BTC.b are permissionless. Anyone can mint and redeem without identity verification.

How is my BTC secured?

Lombard uses a multi-layered security model:

  • Security Consortium — 14 independent institutions validate all operations

  • CubeSigner — Hardware Security Modules store keys, even during signing

  • Bascule Drawbridge — Secondary verification layer for all mints

  • Chainlink CCIP — Secure cross-chain messaging

  • Audits — OpenZeppelin, Veridise, Halborn


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