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Lombard: Unlocking Bitcoin DeFi Through Liquid, Yield-Bearing LBTC - Jacob Phillips
Manage episode 489086142 series 1652309
Bitcoin remains an untapped source of net-new liquidity that could be injected into DeFi. This would completely reshape Bitcoin’s utilization from a mere store of value to a liquid asset that can be ported cross-chain and traded like a liquid staking derivative. Lombard’s LBTC builds upon Babylon’s Bitcoin staking primitive and aims to unlock new yield sources for the industry’s leading asset by increasing its DeFi utilization.
Topics covered in this episode:
- Jacob’s background
- Lessons gathered from Polychain
- Focusing on Bitcoin
- Why Bitcoin staking is crucial for BTC DeFi
- Building on top of Babylon
- LBTC minting
- Sources of BTC yield
- PoS inflation and native token incentives
- BTC as a trading pair in DeFi
- Lombard chain
- Future challenges to overcome
- Bitcoin L2s
- Lombard milestones
Episode links:
Sponsors:
- Gnosis: Gnosis builds decentralized infrastructure for the Ethereum ecosystem, since 2015. This year marks the launch of Gnosis Pay— the world's first Decentralized Payment Network. Get started today at - gnosis.io
- Chorus One: one of the largest node operators worldwide, trusted by 175,000+ accounts across more than 60 networks, Chorus One combines institutional-grade security with the highest yields at - chorus.one
This episode is hosted by Brian Fabian Crain.
611 episodes
Lombard: Unlocking Bitcoin DeFi Through Liquid, Yield-Bearing LBTC - Jacob Phillips
Epicenter - Learn about Crypto, Blockchain, Ethereum, Bitcoin and Distributed Technologies
Manage episode 489086142 series 1652309
Bitcoin remains an untapped source of net-new liquidity that could be injected into DeFi. This would completely reshape Bitcoin’s utilization from a mere store of value to a liquid asset that can be ported cross-chain and traded like a liquid staking derivative. Lombard’s LBTC builds upon Babylon’s Bitcoin staking primitive and aims to unlock new yield sources for the industry’s leading asset by increasing its DeFi utilization.
Topics covered in this episode:
- Jacob’s background
- Lessons gathered from Polychain
- Focusing on Bitcoin
- Why Bitcoin staking is crucial for BTC DeFi
- Building on top of Babylon
- LBTC minting
- Sources of BTC yield
- PoS inflation and native token incentives
- BTC as a trading pair in DeFi
- Lombard chain
- Future challenges to overcome
- Bitcoin L2s
- Lombard milestones
Episode links:
Sponsors:
- Gnosis: Gnosis builds decentralized infrastructure for the Ethereum ecosystem, since 2015. This year marks the launch of Gnosis Pay— the world's first Decentralized Payment Network. Get started today at - gnosis.io
- Chorus One: one of the largest node operators worldwide, trusted by 175,000+ accounts across more than 60 networks, Chorus One combines institutional-grade security with the highest yields at - chorus.one
This episode is hosted by Brian Fabian Crain.
611 episodes
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