$BARD FAQ

$BARD is Lombard’s governance and utility token. It enables:

• Governance — Vote on protocol decisions, validator sets, fees, and roadmap
• Security — Stake $BARD to help secure LBTC cross-chain transfers
• Protocol access — Priority access and preferred terms for Lombard products

Both are core to Lombard but serve different purposes. LBTC is backed by BTC; $BARD is not.

1,000,000,000 $BARD (1 billion). Fixed supply at TGE — no inflation.

22.5% at launch, with the remainder unlocking over 48 months.

Season 1 distributed 4% of total supply to users who:

• Held LBTC
• Used LBTC in DeFi protocols
• Earned Lux points through the Luminary Program

Season 2 allocated 1.5% of total supply (15,000,000 BARD) based on Lux earned during the six-month period from September 18, 2025 to March 18, 2026.

Claims opened March 30, 2026 at 09:00 ET.

Allocations were based on Lux points earned relative to the community total. The rate was the same for all participants.

Ensure you are:

1. Connected to the correct wallet
2. On the correct network
3. Actually qualified through eligible activities

Allocations are based strictly on on-chain activity and Lux points, not Kaito or Buidlpad allocations.

No. The checker is read-only. Tokens do not exist in your wallet until you claim them. There is nothing to transfer or sell before claiming.

Active Claim Events:

Season 1 Phase 2: Opens March 18, 2026 at 09:00 ET at claim.lombard.finance. Distributes the remaining 50% of Season 1 allocations (1.5% of total supply) plus all referral Lux rewards. Referral Lux was excluded from the TGE distribution and is available exclusively in Phase 2. 90-day claim window.

Season 2: Opens March 30, 2026 at 09:00 ET at claim.lombard.finance. Distributes 100% of the Season 2 allocation (1.5% of total supply, 15,000,000 BARD). Allocations based on Lux earned between September 18, 2025 and March 18, 2026 00:00 UTC. 90-day claim window.

Upcoming: Season 1 Phase 3 (1% of supply) is scheduled for September 2026.

Important: Unclaimed tokens from any claim window are returned to the Ecosystem Fund after 90 days and cannot be recovered. Kaito Yapper rewards are claimed separately at kaito.ai/airdrops, not through claim.lombard.finance.

1. Go to claim.lombard.finance
2. Connect the wallet you used for Lombard activity
3. Agree to the terms and conditions
4. Sign the claim transaction
5. Tokens are sent to your connected wallet

The claim destination cannot be changed after submission.

Connect both your Sui wallet and an Ethereum wallet. The claim process bridges your Sui allocation to Ethereum, since $BARD only exists on Ethereum mainnet.

Kaito Yappers rewards are distributed through Kaito directly, not through the Lombard claim portal: kaito.ai/airdrops

When you stake $BARD:

1. Tokens are deposited into a Mellow vault
2. You receive stBARD (vault share)
3. stBARD increases in redeemable $BARD over time
4. No claiming needed — rewards auto-compound

Staked $BARD backs a cryptoeconomic guarantee layer for LBTC cross-chain transfers via Chainlink CCIP. If transfers proceed correctly, stakers earn rewards. If issues occur, staked collateral can be slashed.

The staking APY followed a four-stage epoch curve: 240% at TGE (Epoch 1), stepping down to 120% (Epoch 2), 60% (Epoch 3), and the current sustained rate of 30% (Epoch 4).

Epochs 1 through 3 have concluded.

The 30% APY is paid in BARD and auto-compounds via stBARD.

Over 25,000 participants have staked BARD, with more than 428,000 BARD distributed in rewards.

The maximum individual stake is 250,000 BARD.

Users who claim and stake BARD between March 18 and March 30, 2026 receive a 25% bonus boost on top of the 30% APY, for a total of 55% APY, lasting three months until June 18, 2026.

1. Go to app.lombard.finance
2. Connect your Ethereum wallet
3. Approve $BARD spending
4. Enter the amount to stake
5. Confirm the transaction
6. Receive stBARD

21 days. This aligns with Symbiotic’s security model — funds remain slash-eligible until the epoch closes.

Yes, but each wallet must be staked separately. Your stBARD positions are not combined.

The $BARD Staker badge applied in Season 2. It is no longer active in Season 3.

Season 3 of the Luminary Program began immediately after Season 2 ended on March 18, 2026 at 00:00 UTC.

Season 3 introduces a fundamental change: Lux is now earned exclusively through active DeFi deployment of LBTC or BTC.b into eligible protocols. Passive holding of either asset does not generate Lux. BTC.b enters the Lux ecosystem for the first time.

Season 3 has three multiplier tiers:

• DEX Liquidity and Others at 1x (Uniswap, Curve, Fluid, Aerodrome, Meteora, Etherfi)
• Lending Collateral at 3x (Aave v3/4, Morpho, Spark, Fluid, Euler, Juplend, Kamino)
• Bitcoin Earn and Lombard Strategies at 6x

Eligible chains: Ethereum, Solana, Avalanche, MegaETH, and Base. Additional protocols and chains are expected during the season.

Badges, daily tap-ins, and special events have been discontinued. The referral program continues unchanged at 20%/10%.

Bitcoin Earn and Lombard Strategies currently earn Lux at the 6x multiplier. During Season 3, these products will transition to direct BARD streaming, where BARD is distributed continuously to vault participants. When BARD streaming goes live, the Lux multiplier for these vaults drops to zero and participants begin receiving BARD directly. Details on timing will be announced.

See the Lux Rewards page for full Season 3 rules.

Ethereum mainnet only. The token contract exists exclusively on Ethereum.

stBARD is the liquid staking token you receive when staking $BARD. It follows the ERC-4626 vault standard:

• Represents your share of the staking vault
• Increases in redeemable $BARD as rewards accrue
• Compatible with DeFi protocols that support ERC-4626

Symbiotic provides the restaking layer. Staked $BARD is used as collateral to back LBTC cross-chain transfers. Symbiotic’s design keeps funds slash-eligible over a defined window to align economic incentives with secure interoperability.

• BARD vault — 20M $BARD
• LINK vault — $100M LINK

These vaults serve as the collateral base for the monitoring network.