**[Lombard Finance Raises $94.7 Million for Bard Token]** According to Golden Finance, on September 3, Bitcoin DeFi protocol Lombard Finance completed the public offering of its Bard token, raising $94.7 million. The initial 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 aiming to attract more users to its ecosystem by enhancing Bitcoin DeFi functionalities.