Lombard Finance raises $94.7 million for Bard token

Jinse Finance reported that on September 3, Bitcoin DeFi protocol Lombard Finance completed the public offering of its Bard token, raising $94.7 million. The original fundraising target was $6.75 million, but the actual subscription amount exceeded the target by 1,400%. BARD will serve as the governance token for the Lombard Bitcoin DeFi protocol. Lombard stated that the additional funds will be used to develop products and expand the ecosystem, while also aiming to attract more users to its ecosystem by increasing Bitcoin DeFi functionalities.