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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