Questions about staking BTC, minting LBTC, yield, and unstaking.
Basics
What is LBTC?
LBTC is a yield-bearing token representing BTC staked on Babylon through Lombard. It allows you to earn staking rewards while keeping your Bitcoin liquid for DeFi.
Fully backed by native BTC
Earns ~0.41% APY (14-day trailing)
Available on 15+ chains
Can be used as collateral, traded, or deposited into protocols
Is LBTC different if I buy it vs stake for it?
No. LBTC is perfectly fungible regardless of how you acquired it. Buying LBTC on a DEX gives you the same yield and functionality as minting it by staking BTC.
What is the current APY?
Check the current 14-day trailing APY at lombard.finance. Yield varies based on Babylon staking rewards and network conditions.
See Use LBTC for the full guide. See Use LBTC for the full guide.
What is the minimum deposit?
The minimum is approximately 0.0002 BTC, but check the app for the current threshold. There is no maximum deposit size.
Why did I receive less LBTC than the BTC I deposited?
Two possible reasons:
Ethereum minting fee — If you minted on Ethereum, a small amount of LBTC is deducted to cover gas costs. Other chains have no minting fee.
Exchange rate — LBTC is yield-bearing, so 1 LBTC is worth more than 1 BTC. You receive slightly less LBTC, but it represents the same BTC value.
Why is my LBTC taking so long to mint?
After your BTC deposit is detected, the Security Consortium waits for 6 Bitcoin confirmations before minting. This typically takes 40-60 minutes but can be longer during network congestion.
What if auto-mint is disabled?
During high gas periods, auto-mint pauses to protect you from fees. You can always mint manually:
On Ethereum, your wallet prompts you to sign this message to authorize Lombard to deduct a small LBTC fee for minting gas costs. This only appears for Ethereum mints.
Yield
How does LBTC yield work?
Lombard stakes your BTC with Finality Providers on Babylon
Babylon rewards stakers in BABY tokens
Lombard sells BABY for BTC
The LBTC/BTC exchange rate increases
Your LBTC automatically represents more BTC over time. No claiming required.
Do I need to claim yield?
No. Yield is reflected in the LBTC/BTC exchange rate automatically. Your existing LBTC becomes redeemable for more BTC as yield accrues.
Does yield compound?
Yes. As the exchange rate increases, your LBTC is worth more BTC, which continues earning yield.
What happened to BABY claiming?
Before July 22, 2025, users claimed BABY manually. After this date, LBTC became yield-bearing and all yield auto-compounds. Any unclaimed BABY was redistributed to LBTC holders.
This is a security requirement. Your staked BTC secures PoS networks during this time.
Can I speed up unstaking?
No. The 9-day period cannot be shortened. If you need faster liquidity, you can sell LBTC on a DEX (subject to market prices).
What Bitcoin addresses are supported for unstaking?
Prefix
Type
Supported
bc1q
Native SegWit
Yes
bc1p
Taproot
Yes
1...
Legacy
No
3...
Nested SegWit
No
What is the minimum unstake amount?
0.00013300 LBTC (includes the 0.0001 LBTC network security fee).
Fees
What fees apply to LBTC?
Fee
Amount
When
Minting fee
~0.0001 LBTC
Ethereum only
Unstaking fee
0.0001 LBTC
All unstakes
Protocol fee
8% of yield
Deducted from rewards
See Fees for details.
Why is there a minting fee on Ethereum but not other chains?
Ethereum gas costs are significantly higher. On other chains, the cost is low enough for Lombard to absorb.
Troubleshooting
My balance shows zero in the staking UI
If you use OKX Wallet, your BTC may be on a different address type:
In OKX Wallet, select your BTC asset
Switch to the address type with your balance (Native SegWit or Taproot)
Refresh the Lombard page
I sent BTC but nothing happened
Your deposit needs 6 Bitcoin confirmations (~40-60 minutes). Check your transaction on a Bitcoin block explorer. If confirmations are complete and LBTC hasn't minted, check the Activity page to mint manually.
