Futures
Hundreds of contracts settled in USDT or BTC
TradFi
Gold
Trade global traditional assets with USDT in one place
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Futures Kickoff
Get prepared for your futures trading
Futures Events
Participate in events to win generous rewards
Demo Trading
Use virtual funds to experience risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Launchpad
Be early to the next big token project
Alpha Points
Trade on-chain assets and enjoy airdrop rewards!
Futures Points
Earn futures points and claim airdrop rewards
Investment
Simple Earn
Earn interests with idle tokens
Auto-Invest
Auto-invest on a regular basis
Dual Investment
Buy low and sell high to take profits from price fluctuations
Soft Staking
Earn rewards with flexible staking
Crypto Loan
0 Fees
Pledge one crypto to borrow another
Lending Center
One-stop lending hub
VIP Wealth Hub
Customized wealth management empowers your assets growth
Private Wealth Management
Customized asset management to grow your digital assets
Quant Fund
Top asset management team helps you profit without hassle
Staking
Stake cryptos to earn in PoS products
Smart Leverage
New
No forced liquidation before maturity, worry-free leveraged gains
GUSD Minting
Use USDT/USDC to mint GUSD for treasury-level yields
Write about @Lombard_Finance, there have been recent updates
1. Launch of BTC Earn
Currently, Earn has an annual yield of 3.13% over the past 30 days, supported by Veda. In addition, there will be 4x Lux points and 3x Veda points. Deposits made between 2.24 and 3.18 will also earn 8x Lux points.
If I remember correctly, Season 2 is about to end on 3.18, and the airdropped tokens from Season 1 will be released. The token price is still good, close to $1 each.
2. Only one of the eight main products left
Seven of the eight products have already been launched. Only Tokenized & Institutional Products remain. Hopefully, they will be launched soon.
3. Current protocol data
The number of LBTC remains above 10,000, currently at 10,396. Since acquiring BTC.b earlier, the TVL has experienced a sharp increase. Currently, the TVL is 13,908 BTC, worth $1.39 billion.
This may be influenced by market conditions or the relatively low staking APY. The BTC in TVL is gradually decreasing. We hope the launch of the final product can change this situation.
Another point to note is that the main providers of TVL are large BTC holders and whales. Depositors with 5+ LBTC account for 90.2% of the total TVL. With the launch of the last product, I believe this ratio will increase again.
According to data from DefiLlama, Lombard is generating revenue, but it’s not enough to be significant. Since the protocol started operating, the revenue has reached $1.21 million. The sources of income are mainly fees from minting/redeeming LBTC, vault management fees, etc.
After the final product is launched, we will see how it goes. Hopefully, it will bring us some surprises—another increase in TVL, revenue, and token price!