X @何币

Project Overview - Lombard is not a traditional BTCfi project, but an integrator providing one-stop infrastructure services for BTC's asset issuance, custody vaults, and middleware [1] - Lombard aims to be an infrastructure platform providing assets and liquidity for BTCfi, similar to Circle's stablecoin model [1][2] - Lombard's native token, $BARD, will be distributed through a pre-launch Community Sale on @buidlpad [3] Market Positioning and Investment - The project's approach may be the reason for investment from top VCs like Polychain, Franklin Templeton, Binance, and Coinbase [2] - Lombard's LBTC achieved a TVL exceeding $1 billion within 90 days of launch, representing approximately 57% of the Bitcoin LST market share [2] Risk Assessment - The project's valuation of $450 million is a point of discussion, with potential for overvaluation [1][2] - Participation in the Buildpad offering requires KYC (Know Your Customer) [2]