Introduction
As the first cryptocurrency to be born, Bitcoin occupies about 60% of the overall market value and is known as digital gold. However, compared to Ethereum, which is the second most valuable cryptocurrency, Bitcoin mainly serves as a value storage function, with very few use cases in the DeFi space.
Lombard Finance aims to solve this pain point by launching its own liquid staking Bitcoin, LBTC, which provides staking rewards while also earning points. In the future, these points can be exchanged for the platform token $BARD. This article will help you understand the Lombard project and make good use of the Buidlpad platform to catch the last train before the token issuance.
Introduction to Lombard Finance
Lombard Finance is an innovative platform aimed at creating Bitcoin on-chain finance (BTC Finance), founded in 2024. Its core product, LBTC, has broken records by surpassing $1 billion in TVL in just 92 days, and now stands at $1.4 billion, demonstrating remarkable growth in the new DeFi landscape.
Ecologically, Lombard Finance collaborates with protocols such as Aave, Spark, EigenLayer, and Etherlink, so users staking LBTC not only earn Lombard airdrop points but also have the opportunity to engage with multiple protocols.
Project Financing and Team Members
Lombard has secured $17 million in funding from multiple institutions, including Polychain, Yzi Labs, and OKX Ventures, and the team includes members who have previously worked on well-known projects such as Polychain, Coinbase, and Ripple.
LBTC Staking and Related Applications
Lombard allows users to stake Bitcoin from eleven blockchains, including ETH, Base, and BSC, to earn LBTC with an annualized APY of 1.16%. LBTC can be traded, transferred, and restaked by users, meaning it can be stored on other platforms to earn higher annualized returns and airdrop points.
LBTC Staking Steps
The steps to stake Bitcoin through Lombard are quite simple, as follows:
Enter the Lombard Finance staking interface.
Input the amount of Bitcoin you wish to stake.
Confirm the staking amount and pay the Gas Fee.
Complete the staking.
LBTC Related Applications
Lombard has launched two interfaces, DeFi Marketplace and Vaults, to help users find suitable LBTC deposit protocols. The DeFi Marketplace displays all available protocols for LBTC storage, along with airdrop point multipliers and TVL information, while Vaults only shows the more recommended deposit protocols with higher TVL.
DeFi Marketplace
In the Marketplace interface, Lombard will prioritize displaying deposit protocols with higher airdrop point multipliers. However, this interface does not directly show the annualized returns from storing LBTC, so users still need to check DeFi websites individually.
Vaults
The selected vaults by Lombard are strategies actively optimized and adjusted to earn higher returns. This section not only shows the blockchain where LBTC is stored and the supported types of Bitcoin, but also displays the current floating annualized interest rate and the airdrop point multipliers that can be obtained from deposits.
For example, in the image below, the DeFi Vault collaborated between Lombard and Veda allows users to stake LBTC into LBTCv to earn an additional layer of revenue and also earn 4x Lombard airdrop points and 3x Veda points. Users seeking higher compound interest can select the Sentora DeFi Vault below, which not only targets a higher annualized return but also has different airdrop point yields.
Risk Warning
Even though Lombard offers DeFi Marketplace and Vaults features for users to quickly store LBTC in various protocols to earn returns, users must first check the safety of the protocols before choosing to invest their funds to avoid falling victim to malicious rug pull protocols.
Introduction to Buidlpad Platform
Buidlpad is a highly popular token subscription platform in 2025. Users only need to complete identity verification KYC, bind their email, and bind their Web3 wallet within a specific period to participate in token subscriptions. This not only helps users acquire tokens at a certain cost in advance but also effectively prevents project tokens from being dominated by single entities.
Additionally, Buidlpad has recently introduced the popular method of 'mouthpiece' participation, encouraging content creators to promote subscription projects and tokens through their influence. This way, project parties gain significant exposure, Buidlpad attracts more participants, and content creators have a higher subscription share, achieving a win-win scenario.
Phase One Event: Solayer Token Subscription
Solayer was the first subscription project launched by Buidlpad in January 2025, aiming to sell 3% of the total $LAYER tokens at a fully diluted valuation (FDV) of $350 million, approximately $10.5 million. Ultimately, nearly $60 million was raised, and after oversubscription adjustments, each account received a maximum distribution of about $350 in tokens.
According to Buidlpad data, users participating in this subscription phase who hold $LAYER and sell at the peak could earn a return of approximately 970%. Buidlpad has gained a great reputation as a platform that users must not miss for subscription opportunities.
Phase Two Event: Sahara AI Token Subscription
With the lessons learned from Solayer, the second phase of the subscription event, Sahara AI, has attracted a large number of users to participate. Even with an FDV of up to $600 million, $74 million was raised. Based on a hard cap of $3,000 per account, it is estimated that nearly 25,000 accounts participated, which is quite astonishing.
Although the investment return rate for this event is significantly lower than Solayer, at only 179%, it is still an event worth participating in when considering the FDV of $600 million.
$BARD Token Subscription Event
Lombard Finance token $BARD will soon be available for users to subscribe through the Buidlpad platform in early September. Various signs indicate that $BARD is about to TGE and list on exchanges. Is it worth participating? Perhaps you should read the following information before making a decision.
Preparation Before Subscription
Before the subscription period (9/1 to 9/2), users who want to participate in this Buidlpad subscription event need to complete the following tasks first:
Register a Buidlpad account.
Bind email and Web3 wallet.
Complete identity verification KYC.
Subscription Costs and Total Limits
Lombard Finance has allocated 1.5% of the total token supply for this Buidlpad subscription event, with a purchase cost of FDV = $450 million. However, the exact total circulation number is still unknown, making it impossible to estimate the cost price of each token.
Each user's subscription limit is $5,000, with a minimum limit of $50. Users can choose to use the USD1 issued by WLFI or an equivalent amount in BNB or LBTC for the subscription.
$BARD Possible Exchange Listings?
From the perspective of investment institutions, I believe that listing on multiple mainstream exchanges is not a problem, as Yzi Labs (formerly Binance Labs), OKX Ventures, and HTX Ventures are all involved in the investment. However, it is more important to observe whether $BARD can follow the previous two events, Solayer and Sahara AI, to launch on the Korean exchange Upbit and trigger a wave of increases.
Is an FDV of 450M too high?
For Babylon, a top protocol for Bitcoin staking, even though the token price has halved since its issuance, its FDV remains at $500 million.
Recently, the market has been quite active, and the $BARD tokens subscribed will be fully unlocked at TGE. Additionally, Buidlpad currently has no record of loss in subscriptions. Therefore, I will still participate in this subscription event. Users who lack confidence can choose to ignore this event or invest a smaller amount.
Conclusion
Lombard Finance has attracted over $1 billion in Bitcoin staking due to the stable income and restaking characteristics of LBTC, allowing Bitcoin to maintain its value storage function while also earning additional interest income in BTC. With the arrival of the Buidlpad subscription activity, it suggests that the Lombard platform token $BARD is about to officially TGE. Therefore, whether you are optimistic about Lombard's future value or Buidlpad's past reputation of never incurring losses, you may consider participating in this subscription event for an early layout of $BARD.
This report is for informational purposes only and does not constitute any form of investment advice or decision-making basis. The data, analyses, and opinions referenced in this article are based on the author's research and public sources and may contain uncertainties or be subject to change at any time. Readers should exercise caution in making investment judgments based on their own circumstances and risk tolerance. For further guidance, it is advisable to seek professional advice.
