#BARD Token Sale Opens at $450M Valuation on Buidlpad Platform


$BTC DeFi protocol #Lombard has launched its BARD token community sale on Buidlpad, raising $6.75 million at a $450 million fully diluted valuation. The sale distributes 1.5% of total supply between Aug. 26-29.


Priority access goes to $LBTC holders, existing Lombard users, and promotional campaign participants. Users can contribute using $USD1 stablecoin, $BNB, or LBTC, with 10% reserved for content creators spotlighting Lombard's ecosystem role.


Lombard simultaneously established the Liquid #Bitcoin Foundation as an independent governance body overseeing protocol development, partnerships, and grants programs. The foundation will support both commercial projects and public goods aimed at growing the $BTC ecosystem.


The protocol's core product, $LBTC, maintains roughly $1.5 billion in total value locked, integrated with #Aave, Etherfi, and Pendle. Founded in 2024, Lombard previously raised $17 million in seed funding led by Polychain Capital with participation from Franklin Templeton and #DeFi partners.

image
August 20, 2025 at 12:32 PM