BARD is the native token of the Lombard Protocol — a decentralized finance (DeFi) project designed to bring Bitcoin into on-chain financial markets more fully. Its purpose includes:
✅ Governance (holders can vote on protocol parameters)
✅ Ecosystem incentives & rewards
✅ Staking/participation in securing the network and related DeFi infrastructure 
The broader goal of Lombard is to unlock idle Bitcoin liquidity and make it productive in DeFi — through liquid staking (LBTC) and other capital-market services. 
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📉 Price & Market Performance
Since its launch in September 2025, BARD has experienced significant volatility:
• On listing, BARD’s price dropped roughly 35-42% post-launch — a common pattern when tokens unlock and early investors sell. 
• It has shown periods of recovery but still trades below its early high. 
• Liquidity is relatively low, meaning price swings can be large on modest trades. 
This volatility tells us two things: there’s market interest, but also significant short-term speculative trading and downward pressure from unlocks or selling.
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🧩 Tokenomics & Supply Dynamics
BARD has a fixed supply of 1 billion tokens:
• ~22.5% was circulating at launch
• Large allocations to ecosystem, foundation, team, investors with lockups and vesting schedules
• Future unlock events could increase sell pressure 👇 
This vesting structure helps long-term alignment but means that many tokens will enter the market gradually, potentially limiting rapid price gains.
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📊 Bullish Factors (Potential Upside)
✅ Strong BTC-DeFi Narrative — BARD fits into a growing trend of bringing Bitcoin into DeFi in a trustless way, a space with large latent demand. 
✅ Protocol Expansion — Lombard plans multichain upgrades, new products, and staking features that could boost adoption. 
✅ Structured Buyback Ideas — Discussions of revenue-based token buybacks could improve long-term value capture. $BARD
