On August 11, LBTC becomes the first institutional-grade, yield-bearing Bitcoin — unlocking new capital efficiency, passive income, and onchain utility for BTC holders.

At Lombard, we’ve long believed that Bitcoin not just hold value, but create value too. With this upgrade, LBTC becomes a powerful base asset: fully liquid, composable in DeFi, and now — yield bearing.

Inspired by Simplicity: BTC In → More BTC Out

Ethereum staking set the standard for intuitive onchain yield: ETH in → more ETH out. That clarity helped ETH staking go mainstream. We’ve brought the same principle to Bitcoin.

Now, with yield-bearing LBTC, users stake BTC, mint LBTC, and earn more BTC — automatically. No reward tokens. No extra steps. Just a powerful new primitive: Bitcoin with yield. BTC in → more BTC out.

Enabling Bitcoin’s Onchain Potential

This upgrade is about more than yield — it’s about activating Bitcoin’s full potential in onchain finance.

By making BTC yield-bearing in its own terms, Lombard removes the friction that has kept BTC sidelined in DeFi. Native BTC yield gives every holder, large or small, a direct reason to move onchain, growing liquidity, unlocking capital efficiency, and driving broader adoption.

For institutions, it unlocks a new tool: a liquid, yield-generating Bitcoin asset that delivers predictable, BTC-denominated returns — without compromising on security, custody, or compliance.

Our goal is simple: give every BTC holder a reason to put their Bitcoin to work.

Fueling a more liquid, accessible, and useful Bitcoin economy — one block at a time.

How It Works

The BTC underlying LBTC is staked to Babylon’s Bitcoin Staking Protocol. This BTC secures multiple proof-of-stake networks — including BOB, Osmosis, and TAC — which pay for that security in their native governance tokens. These rewards are converted to BTC and reflected in LBTC’s value — meaning holders earn native BTC-denominated yield, passively.

There are no claim portals. No extra tokens. Just one upgraded asset: LBTC.

The Previous Model

Lombard previously solved Bitcoin’s usability problem by making BTC liquid and composable across chains. But earning yield required manual claiming through a separate portal — often in non-BTC tokens that users needed to track and convert.

The claiming portal is now sunset, and yield now accrues natively in BTC — directly reflected in your LBTC balance.

Why It Matters

This isn’t just a technical upgrade — it redefines how Bitcoin can work onchain:

• More efficient borrowing: LBTC’s yield offsets borrowing rates, improving capital efficiency.
• Simplified treasury management: Institutional holders earn BTC-denominated yield without adding operational complexity.
• Fully composable: LBTC retains full utility across money markets, LPs, and structured products — no rebase, no friction.

What’s Next?

Yield-bearing LBTC is now live — fully audited, transparently collateralized, and ready for DeFi integration.

As adoption grows, we believe this unlock will accelerate Bitcoin’s migration onchain, deepening liquidity, maturing capital markets, and redefining BTC’s role in permissionless finance.

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Stake your BTC and mint LBTC today

👉 lombard.finance/app/stake