Lombard Staked Bitcoin Liquid Staking

LBTC is a yield-bearing Bitcoin liquid staking token from Lombard, backed 1:1 by BTC staked on the Babylon protocol. It is the practical answer to earning on idle Bitcoin: your BTC secures Proof-of-Stake networks through Babylon while LBTC stays liquid and composable on chains such as Ethereum and Solana, so nothing is locked away. Staking Rewards tracks two separate figures for it — the redemption value of the underlying staked BTC, and the price LBTC actually trades at — and the gap between them is the peg accuracy shown on this page.

LBTC's base yield comes from securing Proof-of-Stake networks through Babylon, accruing into LBTC's redemption value, with Lombard charging an 8% fee on that yield. The Babylon base rate is 0.24% as of August 2026. That figure looks low for a reason worth stating plainly: Staking Rewards measures the base staking rate only and deliberately excludes DeFi stacking, points programmes and incentives from it. Because LBTC is composable, most holders lend it, provide liquidity or post it as collateral, and their realised yield is the base rate plus whatever those positions pay — which is not a number any site can publish as one figure, because it depends on what you do with the token. The realized 90- and 365-day return on this page shows what the base rate alone has delivered.

Babylon is a shared-security protocol that lets Bitcoin secure Proof-of-Stake systems. Lombard stakes users' BTC through Babylon via institutional finality providers — Figment, Galaxy, Kiln and P2P — and mints LBTC on the user's chosen chain. The result is Babylon staking exposure without giving up liquidity, which is what the peg accuracy figure on this page measures in practice: how closely the liquid token tracks the value of the staked Bitcoin behind it.

LBTC carries more moving parts than an ETH LST, so the risk list is longer: dependency on the Lombard Security Consortium, smart-contract risk on both Bitcoin and destination chains, Babylon's relative newness, cross-chain bridge risk, possible depeg or thin liquidity, and a roughly 7-day unbonding delay when withdrawing BTC. The depeg risk is the one that is measurable rather than assumed, and it is the one that matters most here: with a 7-day redemption path, arbitrage between the market price and redemption value is slow, so discounts can persist longer than on an ETH LST with a faster exit. This page tracks that gap continuously.

Send BTC to a unique Lombard deposit address for your chosen destination chain; after 6 confirmations, LBTC arrives within about 60 minutes. To exit, redeem LBTC to unwind the Babylon position — roughly 7 days of unbonding — or swap LBTC on a DEX for instant liquidity at the prevailing market price. Which route is cheaper depends on the peg accuracy Staking Rewards tracks on this page: when LBTC trades below redemption value, swapping means realising that discount, and the 7-day redemption is the route that pays full value.