$BARD FAQ
$BARD FAQ
Questions about the $BARD token, airdrop, staking, and governance.
Basics
What is $BARD?
$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
What is the difference between $BARD and LBTC?
LBTC
Yield-bearing Bitcoin representation for DeFi
$BARD
Governance, security, and protocol utility
Both are core to Lombard but serve different purposes. LBTC is backed by BTC; $BARD is not.
What is the total supply?
1,000,000,000 $BARD (1 billion). Fixed supply at TGE—no inflation.
What was the initial circulating supply?
22.5% at launch, with the remainder unlocking over 48 months.
Airdrop
Who was eligible for the airdrop?
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.
How was my allocation calculated?
Allocations were based on Lux points earned relative to the community total. The rate was the same for all participants.
I checked the eligibility page and it shows 0. Why?
Ensure you are:
Connected to the correct wallet
On the correct network
Actually qualified through eligible activities
Allocations are based strictly on on-chain activity and Lux points, not Kaito or Buidlpad allocations.
Can I transfer my allocation before claiming?
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.
When can I claim?
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.
How do I claim?
Go to claim.lombard.finance
Connect the wallet you used for Lombard activity
Agree to the terms and conditions
Sign the claim transaction
Tokens are sent to your connected wallet
The claim destination cannot be changed after submission.
I earned Lux on Sui. How do I claim?
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.
What about Kaito Yappers rewards?
Kaito Yappers rewards are distributed through Kaito directly, not through the Lombard claim portal: kaito.ai/airdrops
Staking
How does $BARD staking work?
When you stake $BARD:
Tokens are deposited into a Mellow vault
You receive stBARD (vault share)
stBARD increases in redeemable $BARD over time
No claiming needed—rewards auto-compound
What does staked $BARD secure?
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.
What is the APY for staking?
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.
How do I stake $BARD?
Go to app.lombard.finance
Connect your Ethereum wallet
Approve $BARD spending
Enter the amount to stake
Confirm the transaction
Receive stBARD
How long is the unstaking period?
21 days. This aligns with Symbiotic's security model—funds remain slash-eligible until the epoch closes.
Can I stake from multiple wallets?
Yes, but each wallet must be staked separately. Your stBARD positions are not combined.
Is there a Lux bonus for staking?
The $BARD Staker badge applied in Season 2. It is no longer active in Season 3.
What is 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.
Technical
Which chain is $BARD on?
Ethereum mainnet only. The token contract exists exclusively on Ethereum.
What is stBARD?
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
What is Symbiotic's role?
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.
What are the vault caps?
BARD vault — 20M $BARD
LINK vault — $100M LINK
These vaults serve as the collateral base for the monitoring network.
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