Lombard Staked Bitcoin · by Lombard · BTC
LBTC is Lombard's yield-bearing Bitcoin token, backed 1:1 by native BTC staked through the Babylon protocol. It is the market-leading yield-bearing Bitcoin asset, usable as collateral and liquidity across DeFi on multiple blockchains.
Spiral Stake supplies LBTC as collateral on Morpho, borrows a correlated asset against it, and recycles that back into more LBTC — looping in a single transaction to amplify the underlying BTC Staking yield. Because the assets are price-correlated, the position targets a higher APY rather than a directional bet, with every cost and liquidation threshold shown upfront.
Leveraged LBTC yield is a strategy that loops LBTC on the Morpho lending protocol to multiply your exposure to its BTC Staking yield. Spiral Stake executes the whole loop in a single transaction.
LBTC earns yield from BTC Staking, issued by Lombard. Looping amplifies that base yield.
Leveraged positions carry liquidation risk if collateral value falls relative to the borrowed asset, plus smart-contract and market risk. Every cost and liquidation threshold is shown before you confirm.
Live APY, leverage multiplier and available liquidity are shown in the app.