Season 3: The Lux Points Program Evolves
Two seasons of Lux have done their job. They bootstrapped liquidity, built an active community, and rewarded thousands of participants for doing what matters most: putting Bitcoin to work onchain. The program onboarded over $3B in previously idle BTC to onchain finance, and established LBTC as the leading liquid staked Bitcoin token across 15 chains.
Season 3 takes everything that worked and makes it sharper. It allocates 1% of the total $BARD supply to Lux participants over four months, from March 18 to July 23.
The core of the program remains the same: earn Lux by deploying Lombard assets across DeFi. But the scope, the structure, and the assets eligible for rewards are all evolving. Season 3 is narrower, more focused, and built around the activity that actually grows the onchain ecosystem.
Season 3 at a Glance
Duration: March 18 to July 23, 2026 (4 months)
Allocation: 1% (1,000,000) of total $BARD supply
Eligible assets: LBTC and BTC.b deployed on whitelisted chains and protocols
Holding rewards: None. Lux is earned exclusively through deployment and DeFi activity.
Bitcoin Earn: Rewards distributed as streaming $BARD, not through Lux claims
Eligible chains and protocols (this list will evolve throughout the season):
Chains: Ethereum, Solana, Avalanche, MegaETH, Base
Protocols:
DEX Liquidity & Others (e.g., restaking): Uniswap, Curve, Fluid, Aerodrome, Meteora, Etherfi
Lending Collateral: Aave v3/4, Morpho, Spark, Fluid, Euler, Juplend, Kamino
Bitcoin Earn & Lombard Strategies
Whitelisted chains and protocols will change throughout the season. Find up to date information at on the Lombard App here: https://www.lombard.finance/app/dashboard/.
Season 3 will be live from March 18. No gap, no downtime. If you were earning in Season 2, you'll continue to earn in Season 3 if your assets are deployed on eligible chains and protocols. If you're new to the Lux program, this is the season to start. Deploy your LBTC and BTC.b across eligible protocols, and start accumulating Lux in the most focused and rewarding season yet.
What's Changing and Why
Seasons 1 and 2 cast a wide net. The goal was to incentivize broad adoption of LBTC across as many protocols and chains as possible, and by that measure, they succeeded. But as the ecosystem has matured, it's become clear which types of activity generate the most lasting impact: collateral deployment on high-quality lending markets, active participation in DeFi, and sustained commitment over time.
Season 3 shifts from breadth to depth. The rewards structure is now concentrated on fewer, higher-impact actions, providing DEX liquidity, lending collateral, and Lombard’s strategies including Bitcoin Earn.
The most significant change: Season 3 will not reward passive holding of LBTC or BTC.b. In previous seasons, participants earned Lux simply by holding LBTC. That served its purpose during the early growth phase, helping bootstrap adoption and build a broad base of holders. But holding without deploying doesn't advance Lombard's mission of making Bitcoin the most widely used productive asset in onchain finance.
Starting in Season 3, Lux is earned exclusively through activity on leading venues. Deploying LBTC or BTC.b on eligible chains and DeFi protocols and participating in Bitcoin Earn. Idle assets don't earn. Deployed and productive assets do.
The data from two seasons made this clear: LBTC has consistently maintained a 70+% utility rate in DeFi. The participants who deploy, who collateralize, who actively participate in DeFi are the ones who create the most value. Season 3 is built to reward them accordingly.
BTC.b Enters the Lux Ecosystem
Users deploying BTC.b across eligible chains and protocols earn Lux. This is one of the most significant additions to the program since launch.
BTC.b holders now have a direct path into the Lux rewards ecosystem alongside LBTC deployers. If you hold BTC.b and deploy it on eligible protocols, you earn. If you hold both LBTC and BTC.b and deploy both, you're earning on both. Since the acquisition of BTC.b, Lombard's product suite has expanded, and Season 3 brings that expansion into the incentive layer.
Bitcoin Earn
Bitcoin Earn is Lombard's automated yield product, designed to generate competitive Bitcoin-on-Bitcoin returns between 3-5% across market conditions, from a single deposit.
Starting in Season 3, Bitcoin Earn transitions from Lux-based incentives to streaming $BARD rewards directly to participants. This shift makes Bitcoin Earn universally compatible with a wider range of distribution partners, including wallets, exchanges, and FinTechs. Bitcoin Earn participants will receive $BARD rewards on an ongoing basis rather than accumulating Lux for a future claim.
The multiplier has also increased from 4x to 6x, reflecting the strategic importance of the Bitcoin Earn product to Lombard’s product suite.
Access here: https://www.lombard.finance/app/earn/
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