Lombard Launches Private Beta on Mainnet

Lombard’s Private Beta launch on Mainnet is live, ahead of Babylon’s Bitcoin Staking Mainnet Launch on the 22nd August. Those on the waitlist now have access to mint LBTC, deposit into Lombard’s DeFi Yield Vault, swap ERC-20’s for LBTC, and more.

This article provides a short overview of the features live today, ahead of a larger and more complete announcement when Lombard and LBTC is available to all as part of our Public Launch phase. The Lombard WebApp is only accessible to waitlist users for now. For more information on Lombard’s Approach to Babylon Mainnet Launch and Waitlist Information, visit this blog post.

Private Beta includes:

1. Staking BTC and minting LBTC available to those on the waitlist.
2. Lombard’s DeFi Vault available providing one-click access to DeFi yields via the WebApp.
3. Swap feature functionality is live enabling swaps of ERC-20 tokens to LBTC.

Staking BTC and Minting LBTC

Lombard’s Private Beta launch on mainnet is live, ahead of Babylon’s Bitcoin Staking Mainnet Launch planned for the 22nd August. Read more about Babylon’s Bitcoin Staking Mainnet launch here.

Waitlist members are receiving access codes and instructions via email. By entering these access codes on the Lombard WebApp, users will be granted access to stake native Bitcoin and mint LBTC.

Read our Gitbook docs here.

Depositing to Lombard’s DeFi Vault, powered by Veda

Lombard’s DeFi Vault is designed to bridge the gap between bitcoin and DeFi, by offering LBTC holders one-click access to DeFi yields without any of the complexities. It accepts LBTC, and WBTC, and seeks to capture the best opportunities derived from multiple DeFi strategies.

Lombard’s DeFi Vault is built using the Veda infrastructure. Veda is a native yield protocol that partners with projects like Lombard to tokenize yields in their DeFi ecosystem and make those yields more accessible to users. Veda already boasts $1 billion in TVL and serves as infrastructure for ether.fi Liquid.

Read our Gitbook docs here.

Swapping ERC-20’s for LBTC

Only native BTC can be staked into Lombard.

Users can make use of the Lombard Swap feature to swap ERC-20 tokens like WBTC, tBTC directly to LBTC. Swaps are routed by 1inch.

Read our Gitbook docs here.

What’s next?

As we approach Lombard’s Public Launch and Babylon’s Bitcoin Staking Mainnet, we’re excited to offer our community early access to LBTC and a chance to be part of a transformative phase for Bitcoin.

We are committed to ensuring a smooth and rewarding experience for all our users as we navigate this launch. Whether you're an early adopter from our waitlist or planning to join us at Public Launch, Lombard invites you to join our communities on X and Discord.

Lombard is implementing a phased rollout strategy to make LBTC widely accessible across the DeFi landscape. Initially launching on Ethereum mainnet, where the bulk of bitcoin liquidity and blue-chip protocols currently exist, Lombard will then expand to Ethereum Layer-2 networks. Future plans include integrations with innovative bitcoin Layer-2s and next-generation chains.