What is Lombard Airdrop: How to Participate

Have you ever heard of the Lombard Airdrop? It’s a special rewards program from Lombard Finance, a company that works in the world of decentralised finance (DeFi). The goal is to help people get more use out of their Bitcoin (BTC). Let’s explore how it works and how you can join it, even if you are new to crypto!

What Is Lombard Finance?

Lombard Finance is a DeFi platform that wants to do more with Bitcoin. Usually, Bitcoin just sits in your wallet or is traded on an exchange. But Lombard lets you stake your Bitcoin. This means locking it into their system so it can earn rewards. When you do this, you get a new token called LBTC (Lombard Bitcoin), which is worth the same as the Bitcoin you locked.

This LBTC can then be used in different DeFi tools, such as special savings accounts called vaults. By using LBTC in different ways, you earn Lux Points. These points may help you qualify for a future airdrop, a free giveaway of a Lombard token (if they release one later).

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Is the Airdrop Real?

There is no official Lombard token yet. But many people believe one will come in the future. For now, the campaign rewards people who are active on the platform. So, you’re not guaranteed a token, but your chances go up if you collect more Lux Points.

How to Join the Lombard Airdrop

Let’s look at the simple steps to join the Lombard airdrop campaign.

Visit Lombard Finance

Go to the official Lombard website. You’ll need to connect a Web3 wallet like MetaMask or WalletConnect. These wallets help you use DeFi apps safely.

Stake Your Bitcoin

Once connected, go to the staking page. Here, you can deposit your Bitcoin. If you don’t have any, you can buy BTC from a crypto exchange like Binance or Coinbase.

Mint LBTC Tokens

After staking Bitcoin, you can mint LBTC tokens. This means you’ll receive a special token that is backed 1:1 by your staked Bitcoin. You keep your original value and also start earning rewards!

Use a Referral Code for Bonus Points

Use referral code 5xbrv8 when signing up. You and the person who invited you will both get a 10% bonus in Lux Points. It’s a great way to get extra rewards right away.

Join Vault Campaigns

Next, you can use your LBTC in different vaults. These are like DeFi savings plans that give more points and rewards. Each vault has its own terms, so read the details before joining.

Track Your Lux Points

You can check your points on your dashboard anytime. The more LBTC you stake and the longer you hold it, the more points you earn. Some campaigns also give extra multipliers if you join early.

Join Special Events

Sometimes, Lombard runs limited-time events. One example is the Kaito AI campaign, where active users had a chance to win extra prizes. These events can give you even more Lux Points.

Use LBTC Across Networks

Lombard supports Ethereum, BNB Chain, and Sui. If you use LBTC on these networks in different vaults or apps, you can earn even more rewards.

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Tips to Earn More Lux Points

Want to boost your chances of earning a future airdrop? Try these tips:

• Stake early and keep your stake for a long time

• Join multiple vaults for extra points

• Refer friends using your special referral link

• Join campaigns right when they start

• Collect badges by completing platform tasks

Summary Table of Steps

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Important Things to Remember

• The token airdrop is not confirmed yet. You are joining the program to earn Lux Points, which may give you rewards later.

• Some vaults may have lock-up periods. Check the details before using your LBTC.

• You can usually get your BTC back by redeeming your LBTC, but read the rules first.

• Use trusted wallets like MetaMask or WalletConnect to stay safe.

Conclusion

Lombard’s Lux Point campaign is a great chance for crypto users to earn potential rewards by being active in DeFi. You can stake your Bitcoin, mint LBTC, and use it in many ways to earn points. Although nothing is guaranteed yet, participating now may put you in a good spot for future benefits.

Remember, always use caution, read the rules, and only invest what you’re comfortable with. Ready to join? Visit Lombard Finance and get started today.

So whether you’re watching for the news, airdrop, the drama, or the crypto impact, you may need to look at Blog Bitrue.

FAQ

Is the Lombard airdrop guaranteed?

No, the airdrop is not guaranteed. However, earning Lux Points could improve your chances of receiving future rewards.

What is LBTC?

LBTC is a liquid version of your staked Bitcoin. It is equal in value (1:1) and earns rewards while you hold or use it.

Can I withdraw my Bitcoin anytime?

In most cases, yes. But some vaults may require you to wait for a lock-up period. Check the vault’s rules before joining.

What wallets can I use?

You can use MetaMask, WalletConnect, or any wallet that works with Web3 platforms.

What are Lux Points?

Lux Points are rewards you earn by using Lombard Finance. They may help you qualify for a future token airdrop.

How do I earn the most Lux Points?

Stake large amounts of BTC, keep it staked for longer, join campaigns, use LBTC in partner vaults, and refer your friends.