$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?

Token	Purpose
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 distributes an additional 1.5% of total supply.

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:

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.

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?

There are two claim events:

Event	Timing	Window
TGE claim	September 18, 2025	90 days
6-month claim	March 2026	90 days

Unclaimed tokens after each 90-day window return to the Ecosystem Fund.

What is distributed at each claim?

• TGE claim — Season 1 Lux (excluding referral Lux), split equally over both claims

• 6-month claim — Remaining Season 1 Lux + all referral Lux

Referral Lux is only distributed at the 6-month claim.

How do I claim?

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.

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: yaps.kaito.ai/airdrop

---

Staking

How does $BARD staking work?

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

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?

Rewards follow a four-stage curve:

Epoch	Duration	APY
1	Day 0–10.5	240%
2	Day 10.5–21	120%
3	Day 21–31.5	60%
4+	Day 31.5+	30%

Rewards are distributed weekly. Early staking captures the highest rates.

How do I stake $BARD?

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

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?

Yes. Staking 100+ $BARD in a single transaction earns the $BARD Staker badge (5,000 Lux). Available since September 18, 2025.

---

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.