Unlocking Bitcoin DeFi: Insights from Lombard Co-Founder Jacob Phillips
Blockhead•2 days ago•
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Unlocking Bitcoin DeFi: Insights from Lombard Co-Founder Jacob Phillips

Technology
bitcoin
defi
lombard
blockchain
crypto
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Summary:

  • Jacob Phillips entered crypto in 2018, gaining insights into blockchain technology.

  • He joined Polychain in 2020, contributing to key investments like BadgerDAO.

  • In 2024, he co-founded Lombard to enhance Bitcoin's liquidity and staking solutions.

  • Lombard focuses on secure, permissionless Bitcoin staking with its token LBTC.

  • The challenge of trustless Bitcoin DeFi requires a balance between decentralization and security.

Meet Jacob Phillips

Jacob Phillips ventured into the crypto world during the 2018 boom, driven by his passion for finance and technology. His journey began at a crypto fund in Cleveland, where he gained profound insights into blockchain technology and its potential as major institutions and VCs entered the space.

A Career on the Rise

In 2020, Jacob joined Polychain, collaborating with top investors to evaluate emerging projects in the rapidly growing DeFi sector. Notably, he contributed to investments like BadgerDAO, which sought to integrate Bitcoin into decentralized finance but encountered significant structural challenges.

Founding Lombard

In 2024, Jacob co-founded Lombard, aiming to fill the gaps in Bitcoin's liquidity and staking solutions. While platforms like Ethereum and Solana quickly advanced in DeFi, Jacob recognized that Bitcoin was lacking a robust developer ecosystem. However, he sees a shift on the horizon with innovative projects such as Babylon and EigenLayer.

Lombard's Mission

In this episode of Blockcast, Jacob discusses Lombard's mission to facilitate secure, permissionless Bitcoin staking and liquidity via its liquid staking token, LBTC. He emphasizes the challenges of achieving trustless Bitcoin DeFi, highlighting the need to balance decentralization with institutional security. Lombard initially targeted DeFi-native users before branching out to institutional players, securing both credibility and capital strength.

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