Lombard's $BARD token sale has an FDV of $450m.
As soon as I saw this, I thought it was incredibly cheap.
Currently, Lombard has locked up about 3,560 BTC.
For comparison, let's take a look at the volumes of the monsters in the wrapped BTC market:
- WBTC = 130,000 BTC
- BTCB = 65,000 BTC
- cbBTC = 53,000 BTC
All three of them are centralized.
Lombard has introduced a more advanced model called decentralized Liquid Staking.
If Lombard manages to capture just 10% of the market share from those centralized players, how many times will the TVL increase? Hahaha.
Will the $BARD FDV still be $450 million then? Oh my god.
@Lombard_Finance
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