{"id":"lombard-bard","title":"Lombard (BARD)","content":"**BARD** is the native utility and governance token of the [Lombard protocol](https://iq.wiki/wiki/lombard-finance), a [decentralized finance](https://iq.wiki/wiki/defi) (DeFi) project focused on creating on-chain capital markets for [Bitcoin](https://iq.wiki/wiki/bitcoin). The token is central to the Lombard ecosystem and is used for network security through staking, participating in governance, and sharing in protocol revenue. [\\[1\\]](#cite-id-I5yFgDGKJhEETZEV) [\\[2\\]](#cite-id-RbxWmnkQ4N72kXJO) BARD exists as an [ERC-20](https://iq.wiki/wiki/erc-20) token on [Ethereum](https://iq.wiki/wiki/ethereum) and as a [BEP-20](https://iq.wiki/wiki/bep-20) token on [BNB Smart Chain](https://iq.wiki/wiki/binance-smart-chain). [\\[7\\]](#cite-id-UUJ9xAYFhwxERvs1) [\\[5\\]](#cite-id-ildljStR5WEXL4SY)​\n\n## History\n\nThe BARD token generation event (TGE) and subsequent exchange listings occurred in mid-September 2025. The token was listed on exchanges such as [Bitget](https://iq.wiki/wiki/bitget) and [WEEX](https://iq.wiki/wiki/weex) on September 18, 2025. [\\[6\\]](#cite-id-9XT045rF4leWyjAw) [\\[3\\]](#cite-id-RwKuijKzCH0LFAFa) Prior to its public launch, a community sale raised $6.75 million from 21,340 participants at a [Fully Diluted Valuation](https://iq.wiki/wiki/fully-diluted-valuation-fdv) (FDV) of $450 million. [\\[1\\]](#cite-id-I5yFgDGKJhEETZEV) [\\[4\\]](#cite-id-QkNkSMYknCcgy4aI) Following its market debut, the BARD token experienced price volatility, recording an all-time low of $1.72 on March 5, 2026. [\\[7\\]](#cite-id-UUJ9xAYFhwxERvs1)\n\n## Utility\n\nThe BARD token has several core functions within the Lombard ecosystem:\n\n* **Governance:** BARD holders can propose and vote on key protocol decisions, including the selection of validator sets, adjustments to fee structures, the product roadmap, and the allocation of ecosystem grants managed by the [Liquid](https://iq.wiki/wiki/liquid) [Bitcoin](https://iq.wiki/wiki/bitcoin) [Foundation](https://iq.wiki/wiki/foundation). [\\[1\\]](#cite-id-I5yFgDGKJhEETZEV)\n* **Security:** The token is staked to secure the protocol’s infrastructure. Specifically, it is used to safeguard the cross-chain transfers of the LBTC token via the [Symbiotic](https://iq.wiki/wiki/symbiotic) monitoring network. [\\[9\\]](#cite-id-WRn7E2sEPt5LPYEE) [\\[3\\]](#cite-id-RwKuijKzCH0LFAFa)\n* **Revenue Share:** Stakers of BARD are eligible to receive a share of the protocol's revenue, which is generated from fees on staking, redemptions, and usdBARd minting. [\\[8\\]](#cite-id-bArX3gKMRwFyJ1BN)\n* **Protocol Access:** BARD holders can receive benefits such as priority access to new products, preferential commercial terms, and enhanced functionality within the ecosystem. [\\[1\\]](#cite-id-I5yFgDGKJhEETZEV)\n\n## Tokenomics\n\nThe BARD token has a fixed total supply of 1 billion tokens, with an initial [circulating supply](https://iq.wiki/wiki/circulating-supply) of 225 million (22.5%) at the Token Generation Event. [\\[1\\]](#cite-id-I5yFgDGKJhEETZEV) [\\[7\\]](#cite-id-UUJ9xAYFhwxERvs1) The BARD token address on [Ethereum](https://iq.wiki/wiki/ethereum) is `0xf0DB65D17e30a966C2ae6A21f6BBA71cea6e9754`. [\\[9\\]](#cite-id-WRn7E2sEPt5LPYEE)​\n\nThe total supply of BARD is allocated across four main categories with distinct vesting schedules:\n\n| Category                      | Allocation (Tokens) | Allocation (%) | Vesting & Unlock Schedule                             |\n| ----------------------------- | ------------------- | -------------- | ----------------------------------------------------- |\n| **Ecosystem**                 | 350,000,000         | 35%            | Varies by sub-category.                               |\n| ↳  Season 1                   | 40,000,000          | 4%             | 1.5% at TGE, 1.5% after 6 months, 1% after 12 months. |\n| ↳ Ecosystem Activation        | 110,000,000         | 11%            | 100% unlocked at TGE for user incentive programs.     |\n| ↳ Community Sale              | 15,000,000          | 1.5%           | 100% unlocked at TGE.                                 |\n| ↳ Ecosystem Development       | 185,000,000         | 18.5%          | 4.25% unlocked at TGE, linear unlock over 24 months.  |\n| **Core Contributors**         | 250,000,000         | 25%            | 12-month cliff, followed by a 48-month linear unlock. |\n| **Early Investors**           | 200,000,000         | 20%            | 12-month cliff, followed by a 48-month linear unlock. |\n| **Liquid Bitcoin Foundation** | 200,000,000         | 20%            | 4.25% unlocked at TGE, linear unlock over 36 months.  |\n| ​​                            | ​                   | ​              | ​                                                     |\n\n## Staking Mechanism\n\nBARD [staking](https://iq.wiki/wiki/staking) occurs exclusively on the [Ethereum](https://iq.wiki/wiki/ethereum) mainnet and serves to secure the protocol's cross-chain infrastructure. When users stake their BARD tokens, they receive `stBARD`, a liquid staking token that represents their staked position and accrued rewards. The value of `stBARD` increases over time as rewards are added to the staking vault. [\\[9\\]](#cite-id-WRn7E2sEPt5LPYEE)​\n\n​[Staking](https://iq.wiki/wiki/staking) rewards were structured in epochs with a promotional Annual Percentage Yield (APY) that began in September 2025. The APY started at 240% and was designed to decrease over several epochs to a long-term rate of 30%. In addition to BARD rewards, stakers can earn points from partner protocols, including [Symbiotic](https://iq.wiki/wiki/symbiotic) and Mellow Finance. [\\[9\\]](#cite-id-WRn7E2sEPt5LPYEE)​\n\nThe unstaking process requires a mandatory 21-day withdrawal period. During this time, the staked funds remain at risk of slashing until the epoch concludes. Upon claiming after the withdrawal period, the user receives their principal BARD plus all accrued rewards. [\\[9\\]](#cite-id-WRn7E2sEPt5LPYEE)​\n\n## Airdrops\n\nThe [Lombard](https://iq.wiki/wiki/lombard-finance) protocol has allocated a portion of the BARD supply for distribution to the community through a series of airdrops. [\\[1\\]](#cite-id-I5yFgDGKJhEETZEV)​\n\n#### Season 1\n\nSeason 1 distributed 40 million BARD (4% of the total supply) across three phases. The first phase (1.5% of total supply) was at the TGE, the second (1.5%) occurred six months post-TGE, and the third (1%) is scheduled for twelve months post-TGE. Each phase provides a 90-day window for eligible users to claim their tokens. [\\[9\\]](#cite-id-WRn7E2sEPt5LPYEE) [\\[5\\]](#cite-id-ildljStR5WEXL4SY)​\n\n#### Season 2\n\nSeason 2 has an allocation of 15 million BARD (1.5% of the total supply). These tokens were made available for claiming after the conclusion of the season's point-earning program, known as the \"Lux Program.\" [\\[9\\]](#cite-id-WRn7E2sEPt5LPYEE) [\\[5\\]](#cite-id-ildljStR5WEXL4SY)​\n\n#### Other Distributions\n\nAdditional airdrops have included a distribution of 10 million BARD to [Binance](https://iq.wiki/wiki/binance) users who participated in Simple Earn and On-Chain Yields products. [\\[5\\]](#cite-id-ildljStR5WEXL4SY)​","summary":"BARD is the native utility and governance token of the Lombard protocol. 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BARD Tokenomics\",\"timestamp\":1772989253702},{\"id\":\"RbxWmnkQ4N72kXJO\",\"url\":\"https://dailycoin.com/lombard-bard-explained-unlocking-bitcoin-liquidity-for-defi/\",\"description\":\"DailyCoin explanation of Lombard BARD\",\"timestamp\":1772989253702},{\"id\":\"RwKuijKzCH0LFAFa\",\"url\":\"https://www.weex.com/learn/articles/what-is-lombard-bard-coin-and-is-it-the-future-of-bitcoin-defi-873\",\"description\":\"WEEX article on Lombard BARD\",\"timestamp\":1772989253702},{\"id\":\"QkNkSMYknCcgy4aI\",\"url\":\"https://cryptorank.io/ico/lombard\",\"description\":\"Lombard ICO info on CryptoRank\",\"timestamp\":1772989253702},{\"id\":\"ildljStR5WEXL4SY\",\"url\":\"https://icodrops.com/lombard/\",\"description\":\"Lombard on ICODrops\",\"timestamp\":1772989253702},{\"id\":\"9XT045rF4leWyjAw\",\"url\":\"https://web3.bitget.com/en/academy/what-is-lombard-bard-the-bitcoin-defi-protocol-explained-with-lbtc-staking-and-governance\",\"description\":\"Bitget Academy on Lombard BARD\",\"timestamp\":1772989253702},{\"id\":\"UUJ9xAYFhwxERvs1\",\"url\":\"https://coinmarketcap.com/currencies/lombard/\",\"description\":\"Lombard on CoinMarketCap\",\"timestamp\":1772989253702},{\"id\":\"bArX3gKMRwFyJ1BN\",\"url\":\"https://www.binance.com/en/research/projects/lombard\",\"description\":\"Binance Research on Lombard\",\"timestamp\":1772989253702},{\"id\":\"WRn7E2sEPt5LPYEE\",\"url\":\"https://docs.lombard.finance/use/use-usdbard\",\"description\":\"Lombard docs on using BARD\",\"timestamp\":1772989253702}]"},{"id":"previous_cid","value":"\"https://ipfs.everipedia.org/ipfs/QmY5wzxo9tJeVHziZqXABCaP2DH3kg6Xz8wwCQ6Ut25MKh\""},{"id":"commit-message","value":"\"Updated overview and changed tag to cryptocurrencies\""},{"id":"previous_cid","value":"QmY5wzxo9tJeVHziZqXABCaP2DH3kg6Xz8wwCQ6Ut25MKh"}],"events":[{"date":"2024-01-01","title":"Lombard Protocol Founded","type":"CREATED","description":"The Lombard protocol was founded in 2024 by a team of experienced professionals to create on-chain capital markets for Bitcoin.","link":null,"multiDateStart":null,"multiDateEnd":null,"continent":null,"country":null,"id":"b50931cb-f5f6-4de8-b488-aa099271a380"},{"date":"2024-07-01","title":"Seed Round Concluded","type":"DEFAULT","description":"Lombard concluded its Seed Round on July 2, 2024, led by Polychain Capital, raising $16 million from investors including OKX Ventures and Franklin Templeton.","link":"https://cryptorank.io/ico/lombard","multiDateStart":null,"multiDateEnd":null,"continent":null,"country":null,"id":"b13e1bb3-5356-4c52-af6e-fbe261f88866"},{"date":"2024-10-01","title":"Private Round with YZi Labs","type":"DEFAULT","description":"Lombard raised $1 million in a private funding round from YZi Labs (formerly Binance Labs) on October 16, 2024.","link":"https://icodrops.com/lombard/","multiDateStart":null,"multiDateEnd":null,"continent":null,"country":null,"id":"e3de110a-44a4-49ed-92b3-99c9d2b61390"},{"date":"2025-08-01","title":"Official Protocol and BARD Token Launch","type":"DEFAULT","description":"Lombard officially launched its protocol, the BARD governance token, and the Lombard Foundation on August 23, 2025.","link":"https://www.coindesk.com/tech/2025/08/23/bitcoin-liquid-staking-gains-momentum-as-lombard-launches-bard-token-and-foundation","multiDateStart":null,"multiDateEnd":null,"continent":null,"country":null,"id":"a7bb0d99-3e39-471d-b6a8-498c5542bd10"},{"date":"2025-09-01","title":"Community Sale Concluded","type":"DEFAULT","description":"The community token sale for BARD on the Buidlpad platform concluded on September 2, 2025, raising $6.75 million at a $450 million FDV.","link":"https://web3.bitget.com/en/academy/what-is-lombard-bard-the-bitcoin-defi-protocol-explained-with-lbtc-staking-and-governance","multiDateStart":null,"multiDateEnd":null,"continent":null,"country":null,"id":"b3ba1c8d-9201-41aa-ba66-c1c23b71fd43"},{"date":"2025-09-01","title":"BARD Token Generation Event (TGE)","type":"DEFAULT","description":"The TGE for the BARD token occurred on September 18, 2025, with listings on major exchanges such as Bitget and WEEX.","link":"https://icodrops.com/lombard/","multiDateStart":null,"multiDateEnd":null,"continent":null,"country":null,"id":"f72b23c2-3f3f-402a-b9da-61ac6bda3115"}],"user":{"id":"0x8af7a19a26d8fbc48defb35aefb15ec8c407f889"},"author":{"id":"0x8AF7a19a26d8FBC48dEfB35AEfb15Ec8c407f889"},"operator":{"id":"0x1E23b34d3106F0C1c74D17f2Cd0F65cdb039b138"},"language":"en","version":1,"linkedWikis":{"blockchains":["ethereum","solana"],"founders":["anon"],"speakers":[]},"recentActivity":"{\"items\":[{\"id\":\"de038ab5-0547-47c1-a01b-1064c7363b11\",\"title\":\"Lombard (BARD)\",\"description\":\"BARD is the native utility and governance token of the Lombard protocol. It is used for governance, staking to secure the network, and sharing in protocol revenue.\",\"timestamp\":\"2026-03-09T11:50:17.672Z\",\"category\":\"cryptocurrencies\",\"status\":{\"icon\":\"RiGlobalLine\",\"label\":\"Wiki Updated\",\"iconClassName\":\"text-green-500\"},\"user\":{\"name\":\"0x8AF7a19a26d8FBC48dEfB35AEfb15Ec8c407f889\",\"address\":\"0x1E23b34d3106F0C1c74D17f2Cd0F65cdb039b138\"},\"button\":{\"label\":\"View Summary\",\"icon\":\"RiFileTextLine\"},\"summarySections\":[{\"title\":\"Summary\",\"subtitle\":\"The summary was rewritten to focus on the BARD token instead of the entire Lombard protocol.\",\"variant\":\"modified\",\"changeCount\":1,\"changes\":[\"Updated summary to describe the BARD token's role in governance, security, and revenue sharing.\"]},{\"title\":\"Categories\",\"subtitle\":\"Updated the article's category from 'defi' to 'cryptocurrencies'.\",\"variant\":\"modified\",\"changeCount\":2,\"changes\":[\"Removed category 'defi'\",\"Added category 'cryptocurrencies'\"]},{\"title\":\"Tags\",\"subtitle\":\"Removed all tags from the article.\",\"variant\":\"modified\",\"changeCount\":5,\"changes\":[\"Removed tag 'Developers'\",\"Removed tag 'Protocols'\",\"Removed tag 'Stablecoins'\",\"Removed tag 'Ethereum'\",\"Removed tag 'Venture'\"]},{\"title\":\"Introduction\",\"subtitle\":\"The introduction was rewritten to focus on the BARD token rather than the Lombard protocol.\",\"variant\":\"modified\",\"changeCount\":1,\"changes\":[\"Changed the focus from the Lombard protocol to the BARD token's utility, governance, and multi-chain presence as an ERC-20 and BEP-20 token. [1](#cite-id-I5yFgDGKJhEETZEV) [2](#cite-id-RbxWmnkQ4N72kXJO) [7](#cite-id-UUJ9xAYFhwxERvs1) [5](#cite-id-ildljStR5WEXL4SY)\"]},{\"title\":\"History\",\"subtitle\":\"The 'History' section was shortened and rewritten to focus on the BARD token's launch and market history.\",\"variant\":\"modified\",\"changeCount\":2,\"changes\":[\"Removed details about the Lombard protocol's founding, funding rounds, and development.\",\"Added details about the BARD token's generation event, exchange listings, community sale, and all-time low price. [6](#cite-id-9XT045rF4leWyjAw) [3](#cite-id-RwKuijKzCH0LFAFa) [1](#cite-id-I5yFgDGKJhEETZEV) [4](#cite-id-QkNkSMYknCcgy4aI) [7](#cite-id-UUJ9xAYFhwxERvs1)\"]},{\"title\":\"Technology and Architecture\",\"subtitle\":\"Removed the entire 'Technology and Architecture' section.\",\"variant\":\"removed\",\"changeCount\":1,\"changes\":[\"The section detailing the Lombard protocol's core mechanism, components (LBTC, Cross-Chain Bridge, Lombard Ledger), and the usdBARd stablecoin was removed.\"]},{\"title\":\"Utility\",\"subtitle\":\"The 'Utility' section was updated with minor wording changes.\",\"variant\":\"modified\",\"changeCount\":1,\"changes\":[\"Revised the description of the token's role in securing cross-chain transfers via the Symbiotic monitoring network. [9](#cite-id-WRn7E2sEPt5LPYEE) [3](#cite-id-RwKuijKzCH0LFAFa)\"]},{\"title\":\"Tokenomics\",\"subtitle\":\"The 'Tokenomics' section was updated with minor text and citation changes.\",\"variant\":\"modified\",\"changeCount\":2,\"changes\":[\"Updated intro text with new citations. [1](#cite-id-I5yFgDGKJhEETZEV) [7](#cite-id-UUJ9xAYFhwxERvs1) [9](#cite-id-WRn7E2sEPt5LPYEE)\",\"Removed a citation from the bottom of the token allocation table.\"]},{\"title\":\"Staking Mechanism\",\"subtitle\":\"The 'Staking Mechanism' section was rewritten and expanded.\",\"variant\":\"modified\",\"changeCount\":1,\"changes\":[\"The section was rewritten for clarity, with added details on reward structure, promotional APY, partner points, and the unstaking process. [9](#cite-id-WRn7E2sEPt5LPYEE)\"]},{\"title\":\"Airdrops\",\"subtitle\":\"The 'Airdrops' section was restructured and expanded with more detail.\",\"variant\":\"modified\",\"changeCount\":3,\"changes\":[\"Restructured the section into 'Season 1', 'Season 2', and 'Other Distributions' subsections.\",\"Added specific details on token amounts, claim windows, and distribution events for each season. [9](#cite-id-WRn7E2sEPt5LPYEE) [5](#cite-id-ildljStR5WEXL4SY)\",\"Added information about a 10 million BARD distribution to Binance users. [5](#cite-id-ildljStR5WEXL4SY)\"]},{\"title\":\"Ecosystem\",\"subtitle\":\"Removed the 'Ecosystem' section, which covered the team, foundation, investors, and partners.\",\"variant\":\"removed\",\"changeCount\":1,\"changes\":[\"Deleted the section detailing the project's team, the Liquid Bitcoin Foundation, institutional investors, and technology partners.\"]},{\"title\":\"Events\",\"subtitle\":\"Updated event dates to a more specific YYYY-MM-DD format.\",\"variant\":\"modified\",\"changeCount\":1,\"changes\":[\"Changed event date format from YYYY-MM to YYYY-MM-DD for multiple events.\"]},{\"title\":\"Images\",\"subtitle\":\"Removed three images from the wiki.\",\"variant\":\"removed\",\"changeCount\":1,\"changes\":[\"Deleted three images, removing their associated thumbnails and data.\"]},{\"title\":\"Videos\",\"subtitle\":\"Removed three videos from the wiki.\",\"variant\":\"removed\",\"changeCount\":1,\"changes\":[\"Deleted three video entries from the media section.\"]},{\"title\":\"References\",\"subtitle\":\"Updated the list of references, removing two sources.\",\"variant\":\"modified\",\"changeCount\":2,\"changes\":[\"Removed reference 'Binance Academy on Lombard BARD'.\",\"Removed reference 'CoinDesk on Lombard's launch'.\"]},{\"title\":\"Metadata\",\"subtitle\":\"Added a new metadata field for 'wiki-score'.\",\"variant\":\"added\",\"changeCount\":1,\"changes\":[\"Added new metadata field 'wiki-score' with a value of '100'.\"]}]}]}"}