What is Lombard?
Lombard, established in April 2024, is dedicated to enhancing the digital economy by developing the necessary infrastructure and distribution networks that maximize Bitcoin’s potential. The initiative seeks to shift Bitcoin’s role from just a store of value to a dynamic financial instrument. Lombard’s vision is to introduce a security-focused liquid Bitcoin framework, referred to as LBTC. This innovative approach enables Bitcoin to traverse various chains and decentralized finance (DeFi) platforms as collateral, all while ensuring robust security measures are in place. Lombard raised $16 Million and is backed by Polychain Capital.
Introduction to LBTC
LBTC serves as a liquid and yield-generating version of Bitcoin (BTC), allowing holders of all sizes to engage fully in the DeFi landscape. With LBTC, users can participate in activities such as staking, earning yields, lending, borrowing, and trading, all while keeping their tokens liquid and accessible.
Lombard’s Points Campaign – Possible Airdrop
Stay tuned for updates on Lombard’s points campaign! More information will be provided shortly, so keep an eye out for exciting opportunities to earn rewards.
How to Become Eligible for Upcoming Airdrops
Step 1: Connect Your Wallet
To get started, head over to the Lombard website and connect your wallet.
Step 2: Stake Your BTC
Once your wallet is connected, click on the “Stake BTC” option. Choose the staking method that suits you best, and stake your tokens. In return, you will receive LBTC tokens (on the Ethereum network).
Step 3: Deposit LBTC into the Vault
After acquiring LBTC, navigate to the “Vault” tab and deposit your LBTC tokens.
