Lombard Staked BTC

LBTC

Liquid Staking, derivative weights

A liquid staking token for Bitcoin.

STRICT score withheld.Score opens with Pro

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Weights are public.

The full report. Score, pillars, arithmetic, risk, scenario, signal and notes.

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About Lombard Staked BTC

Analysis of 9 Feb 2026

Lombard Staked BTC is Lombard Finance's liquid staked Bitcoin token, leading the Bitcoin LST sector with 60% market share despite TVL contracting to $953 million in early February 2026 amid severe market downturn. Built on Babylon's Bitcoin staking protocol ($4.1B TVL, down 12% recently) and backed by institutional validators (Galaxy, Kiln, P2P, Figment), LBTC represents 1:1 backed BTC earning native yield (0.41% APY) while remaining liquid across 15+ blockchain ecosystems.

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The protocol completed its Ledger Wallet integration in January 2026, marking the first third-party Bitcoin yield offering accessible through Ledger's platform serving millions of users. Bitcoin experienced catastrophic volatility in early February 2026, plunging 30% in one week and briefly breaking below $61,000 on February 5 before recovering to $67,000-70,000 range by February 9.

Despite market stress, LBTC maintains over 18,300 tokens in circulation and leads the $4+ billion Bitcoin liquid staking market, though faces significant headwinds from approaching March 2026 BARD token unlocks (45% of supply) and compressed yields currently at 0.41% APY.

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