• bitcoinBitcoin (BTC) $ 103,863.00
  • ethereumEthereum (ETH) $ 3,508.27
  • tetherTether (USDT) $ 0.999747
  • xrpXRP (XRP) $ 2.27
  • bnbBNB (BNB) $ 948.05
  • usd-coinUSDC (USDC) $ 0.999694
  • staked-etherLido Staked Ether (STETH) $ 3,505.61
  • tronTRON (TRX) $ 0.280838
  • dogecoinDogecoin (DOGE) $ 0.164100
  • cardanoCardano (ADA) $ 0.539284
  • wrapped-stethWrapped stETH (WSTETH) $ 4,272.74
  • figure-helocFigure Heloc (FIGR_HELOC) $ 1.01
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 103,816.00
  • wrapped-beacon-ethWrapped Beacon ETH (WBETH) $ 3,793.77
  • chainlinkChainlink (LINK) $ 14.90
  • hyperliquidHyperliquid (HYPE) $ 37.82
  • bitcoin-cashBitcoin Cash (BCH) $ 496.97
  • usdsUSDS (USDS) $ 0.999656
  • wrapped-eethWrapped eETH (WEETH) $ 3,785.90
  • ethena-usdeEthena USDe (USDE) $ 0.999279
  • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 0.999721
  • stellarStellar (XLM) $ 0.275509
  • leo-tokenLEO Token (LEO) $ 9.52
  • wethWETH (WETH) $ 3,509.59
  • whitebitWhiteBIT Coin (WBT) $ 52.66
  • suiSui (SUI) $ 2.05
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 103,804.00
  • hedera-hashgraphHedera (HBAR) $ 0.173867
  • avalanche-2Avalanche (AVAX) $ 16.52
  • litecoinLitecoin (LTC) $ 86.60
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  • the-open-networkToncoin (TON) $ 1.98
  • daiDai (DAI) $ 0.999245
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  • usdt0USDT0 (USDT0) $ 0.998692
  • polkadotPolkadot (DOT) $ 2.58
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  • bittensorBittensor (TAO) $ 416.99
  • memecoreMemeCore (M) $ 2.32
  • susdssUSDS (SUSDS) $ 1.07
  • uniswapUniswap (UNI) $ 5.16
  • usd1-wlfiUSD1 (USD1) $ 0.998855
  • aaveAave (AAVE) $ 196.00
  • world-liberty-financialWorld Liberty Financial (WLFI) $ 0.109533
  • internet-computerInternet Computer (ICP) $ 5.26
  • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
  • paypal-usdPayPal USD (PYUSD) $ 0.999925
  • bitget-tokenBitget Token (BGB) $ 4.03
  • okbOKB (OKB) $ 132.62
  • nearNEAR Protocol (NEAR) $ 1.88
  • pepePepe (PEPE) $ 0.000006
  • ethenaEthena (ENA) $ 0.322589
  • jito-staked-solJito Staked SOL (JITOSOL) $ 200.10
  • ethereum-classicEthereum Classic (ETC) $ 14.74
  • binance-peg-wethBinance-Peg WETH (WETH) $ 3,507.02
  • falcon-financeFalcon USD (USDF) $ 0.991845
  • jupiter-perpetuals-liquidity-provider-tokenJupiter Perpetuals Liquidity Provider Token (JLP) $ 5.07
  • solanaSolana (SOL) $ 161.68
  • tether-goldTether Gold (XAUT) $ 3,985.98
  • aptosAptos (APT) $ 2.70
  • ondo-financeOndo (ONDO) $ 0.602284
  • pi-networkPi Network (PI) $ 0.225249
  • aster-2Aster (ASTER) $ 0.924718
  • usdtbUSDtb (USDTB) $ 0.999509
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.166760
  • htx-daoHTX DAO (HTX) $ 0.000002
  • worldcoin-wldWorldcoin (WLD) $ 0.710873
  • dashDash (DASH) $ 128.62
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  • rocket-pool-ethRocket Pool ETH (RETH) $ 4,025.25
  • hash-2Provenance Blockchain (HASH) $ 0.029474
  • binance-staked-solBinance Staked SOL (BNSOL) $ 174.51
  • arbitrumArbitrum (ARB) $ 0.262162
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  • syrupusdtsyrupUSDT (SYRUPUSDT) $ 1.10
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 3,706.74
  • pax-goldPAX Gold (PAXG) $ 3,978.85
  • stakewise-v3-osethStakeWise Staked ETH (OSETH) $ 3,683.08
  • bfusdBFUSD (BFUSD) $ 0.999692
  • kinetic-staked-hypeKinetiq Staked HYPE (KHYPE) $ 37.91
  • syrupusdcsyrupUSDC (SYRUPUSDC) $ 1.13
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 103,866.00
  • liquid-staked-ethereumLiquid Staked ETH (LSETH) $ 3,764.71
  • ignition-fbtcFunction FBTC (FBTC) $ 104,580.00
  • wbnbWrapped BNB (WBNB) $ 947.89
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  • binance-bridged-usdc-bnb-smart-chainBinance Bridged USDC (BNB Smart Chain) (USDC) $ 0.999696
  • jupiter-exchange-solanaJupiter (JUP) $ 0.348212
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 3,727.59
  • nexoNEXO (NEXO) $ 1.06
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  • solv-btcSolv Protocol BTC (SOLVBTC) $ 103,754.00
  • filecoinFilecoin (FIL) $ 1.46
  • ripple-usdRipple USD (RLUSD) $ 0.999836
  • global-dollarGlobal Dollar (USDG) $ 0.999798
  • render-tokenRender (RENDER) $ 1.95
  • sei-networkSei (SEI) $ 0.160019
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.996742
  • xdce-crowd-saleXDC Network (XDC) $ 0.053967
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  • bonkBonk (BONK) $ 0.000012
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 1.34
  • mantle-staked-etherMantle Staked Ether (METH) $ 3,779.36
  • fasttokenFasttoken (FTN) $ 2.01
  • morphoMorpho (MORPHO) $ 1.63
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 104,042.00
  • immutable-xImmutable (IMX) $ 0.423484
  • hashnote-usycCircle USYC (USYC) $ 1.10
  • clbtcclBTC (CLBTC) $ 104,861.00
  • superstate-short-duration-us-government-securities-fund-ustbSuperstate Short Duration U.S. Government Securities Fund (USTB) (USTB) $ 10.88
  • ousgOUSG (OUSG) $ 113.16
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 185.02
  • pancakeswap-tokenPancakeSwap (CAKE) $ 2.19
  • aerodrome-financeAerodrome Finance (AERO) $ 0.824074
  • ondo-us-dollar-yieldOndo US Dollar Yield (USDY) $ 1.11
  • cgeth-hashkey-cloudcgETH Hashkey Cloud (CGETH.HASH) $ 3,441.29
  • usdx-money-usdxStables Labs USDX (USDX) $ 0.998758
  • optimismOptimism (OP) $ 0.359341
  • celestiaCelestia (TIA) $ 0.798147
  • decredDecred (DCR) $ 39.01
  • lido-daoLido DAO (LDO) $ 0.733062
  • blockstackStacks (STX) $ 0.362757
  • msolMarinade Staked SOL (MSOL) $ 215.50
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  • l2-standard-bridged-weth-baseL2 Standard Bridged WETH (Base) (WETH) $ 3,509.28
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  • bridged-usdc-polygon-pos-bridgePolygon Bridged USDC (Polygon PoS) (USDC.E) $ 0.999696
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  • usdaiUSDai (USDAI) $ 1.01
  • flokiFLOKI (FLOKI) $ 0.000059
  • polygon-pos-bridged-dai-polygon-posPolygon PoS Bridged DAI (Polygon POS) (DAI) $ 0.999794
  • spx6900SPX6900 (SPX) $ 0.608270
  • tezosTezos (XTZ) $ 0.525692
  • usual-usdUsual USD (USD0) $ 0.998055
  • stader-ethxStader ETHx (ETHX) $ 3,766.31
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 0.207588
  • gtethGTETH (GTETH) $ 3,505.75
  • pyth-networkPyth Network (PYTH) $ 0.093201
  • doublezeroDoubleZero (2Z) $ 0.154208
  • kaiaKaia (KAIA) $ 0.088788
  • iotaIOTA (IOTA) $ 0.125317
  • mantle-bridged-usdt-mantleMantle Bridged USDT (Mantle) (USDT) $ 0.999499
  • true-usdTrueUSD (TUSD) $ 0.998310
  • steakhouse-usdc-morpho-vaultSteakhouse USDC Morpho Vault (STEAKUSDC) $ 1.11
  • bitcoin-avalanche-bridged-btc-bAvalanche Bridged BTC (Avalanche) (BTC.B) $ 103,802.00
  • plasmaPlasma (XPL) $ 0.256532
  • coinbase-wrapped-staked-ethCoinbase Wrapped Staked ETH (CBETH) $ 3,857.91
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  • swethSwell Ethereum (SWETH) $ 3,864.60
  • newton-projectAB (AB) $ 0.005469
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  • conflux-tokenConflux (CFX) $ 0.088348
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  • eutblSpiko EU T-Bills Money Market Fund (EUTBL) $ 1.20

Lombard raises $94.7m for Bard token, targets Bitcoin DeFi

DeFi
By admin
0 28

Lombard raises $94.7m for Bard token, targets Bitcoin DeFi

Lombard has completed a 1,400% oversubscribed token sale, which it will use to build in the Bitcoin DeFi ecosystem.

Summary

  • Lombard raised $94.7M in its Bard token public sale past the $6.75M goal
  • The project builds DeFi functionality on top of the Bitcoin network
  • The New Liquid Bitcoin Foundation will use the funds for development and ecosystem growth

Bitcoin’s (BTC) DeFi ecosystem is increasingly attracting interest. On Wednesday, September 3, Lombard Finance concluded its Bard token public sale, raising $94.7 million. The fundraising surpassed the goal of $6.75 million by 1,400%, showing a growing interest in Bitcoin DeFi applications.

“The momentum behind the Community Sale was evident throughout, and the result clearly shows belief in Lombard’s ability to drive onchain Bitcoin demand to new highs now and into the future,” said Jacob Phillips, our Co-Founder of Lombard. “We’re pleased to usher in 21,340 new and aligned community members as we deliver against Phase 2 of our roadmap.”

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BARD will serve as the governance token for Lombard’s Bitcoin DeFi protocol. Lombard has stated that it will use the additional funds to develop its products and grow its ecosystem. It also says that it hopes adding Bitcoin DeFi capabilities will help bring more users into its ecosystem.

You might also like: Altcoins gain as Bitcoin dominance falls to 57%: Fed narrative fading?

How Lombard’s Bitcoin DeFi works

Lombard is the issuer of the LBTC token, a yield-bearing token backed by Bitcoin. The token generates 1% APY through Bitcoin staking via Babylon Labs. Moreover, the protocol uses a decentralized validator network to avoid the major pitfalls with cross-chain bridges and wrapped tokens.

In particular, traders lost more than $2.8 billion in various blockchain bridge hacks. Moreover, some of these hacks were likely insider rug pulls. For this reason, traders who swap their Bitcoin for any wrapped token should be aware of the potential counterparty risk that comes with it.

Read more: Defi builders must choose their bridge wisely | Opinion

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