COINOTAG reported on September 2 that, per an official Buidlpad announcement, the Bitcoin DeFi protocol Lombard raised more than $70 million in its community token sale, registering an oversubscription rate of 1038%.
The token distribution conducted on Buidlpad followed a community round that placed Lombard at an estimated valuation of $4.5 billion, underscoring notable investor allocation toward the protocol’s on‑chain utility and governance mechanics.
In market terms, the sizable capital raise and oversubscription are likely to bolster Lombard‘s liquidity profile and provide funding for protocol development and operational scaling in the near term.