Binance to Distribute Lombard (BARD) Tokens to Its HODLers!
In the ever-evolving world of cryptocurrency, a new player is making waves in the decentralised finance (DeFi) scene. Meet the Lombard Token (BARD), a groundbreaking initiative designed to enhance Bitcoin's role within DeFi.
The Lombard Token, with a maximum supply of 1,000,000,000 BARD, is more than just a digital asset. It's a tool that enables on-chain Bitcoin markets, thanks to its Staking SDK and cross-chain solutions, provided by the Lombard protocol.
Currently, the total supply of BARD stands at 1,000,000,000, with 225,000,000 BARD (22.50%) in circulation.
One of the key features of the Lombard Token is the ability for users to stake their Bitcoin to obtain LBTC, a liquid staking token. This not only offers a new way to interact with Bitcoin but also aims to shift the cryptocurrency from a static store of value to a dynamic, yield-producing asset.
The BARD token serves multiple purposes. It drives governance within the Lombard ecosystem, secures the LBTC bridge through staking, and offers benefits such as rewards, lower fees, and voting power on protocol decisions.
Behind the Lombard Token is a collaboration between the Lombard project, Chainlink, and Symbiotic. Key figures like Jacob Phillips and Johann Eid have been instrumental in its development. The BARD token was first listed on the Binance Spot Market in September 2025.
In a nutshell, Lombard Token is set to redefine Bitcoin's role in the DeFi landscape, offering a new avenue for users to engage with the world's leading cryptocurrency and unlock its potential as a dynamic, yield-producing asset.
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