Lombard price

On September 15, 2025, Lombard announced a groundbreaking tripartite collaboration with Chainlink and Symbiotic to introduce BARD token utility through re-staking and launch the industry's first economically secured cross-chain bridging solution. This collaboration combines Chainlink's Cross-Chain Interoperability Protocol (CCIP) with the Symbiotic Universal Staking Framework to create an additional layer of cryptoeconomic safeguards for LBTC cross-chain transfers, marking a new phase in DeFi infrastructure security. The collaboration establishes a new standard for top-tier BTC derivatives while achieving maximum interoperability and cryptoeconomic security by integrating Symbiotic's permissionless restaking architecture with CCIP's modular security framework. This innovative model directly aligns the protocol's cryptoeconomic safeguards with BARD token utility, providing tangible value to token holders from day one. This collaboration demonstrates the strong flexibility of CCIP's modular security architecture, allowing asset issuers to customize protection schemes for cross-chain transfers without any modifications to CCIP itself through features such as token developer authentication and external cryptoeconomic system integration. "We are excited to partner with Symbiotic and Lombard to enhance cryptoeconomic security for cross-chain LBTC transfers, highlighting the flexibility of CCIP's modular security architecture to meet the needs of any use case." Johann Eid, Chief Commercial Officer of Chainlink Labs, said. As a chain-agnostic Bitcoin derivative designed to flow freely in the DeFi ecosystem, LBTC needs infrastructure that matches its ambitions. Every cross-chain transfer now benefits from a double layer of protection: Chainlink's time-proven CCIP infrastructure and Symbiotic's cryptoeconomic guarantee model. This approach not only secures individual transactions but also creates systemic resilience that strengthens as the network grows, establishing LBTC as an institutional-grade cross-chain Bitcoin solution. "LBTC is a chain-agnostic asset that caters to cross-network needs rather than being confined to a single network. LBTC holders want the freedom to move Bitcoin to where the best opportunities are, while expecting uncompromising security. Pairing the CCIP architecture with Symbiotic's re-staking collateral provides stronger economic security for the community. Each staked BARD strengthens LBTC robustness, aligning incentives and fortifying interoperability stack integrity. Lombard co-founder Jacob Phillips said. This integration introduces instant utility to BARD token holders, directly participating in the protocol's cryptoeconomic safeguards through a transparent staking mechanism. Staking will be available on the Lombard app, where users will enjoy BARD-denominated earnings of 240% APY at launch (decreasing over time) and additional incentives from partners. The staking architecture is supported by Mellow's multi-vault infrastructure, where tokens are deposited into a vault system directly connected to Symbiotic when users stake BARD. The background automatically handles complex operations such as delegated liquidity, compound rewards, and administrative withdrawals, allowing users to seamlessly obtain income by simply holding vault shares. This creates a robust alignment mechanism: BARD stakers enhance protocol security, driving LBTC trust and adoption, forming a self-reinforcing growth cycle.