Feb 09 2025 60 mins 10
Welcome to The Gwart Show! Today, Jacob Phillips, founder of Lombard Finance, joins us to talk Bitcoin staking. From Babylon protocol's approach to Bitcoin security to Lombard's role in creating liquid staking derivatives, we chat about Bitcoin as a productive asset. Plus thoughts on technical infrastructure, market dynamics, and Bitcoin staking in DeFi.
TOPICS
• Bitcoin Staking Mechanisms
• Babylon Protocol Overview
• Liquid Staking Derivatives
• DeFi Integration
• Security Models
• Cross-chain Bitcoin Solutions
🐦Follow our guests on Twitter: @JacobPPhillips
Timestamps:
00:00 Start
00:52 Jacob intro
02:14 BTC staking
04:13 What is LBTC?
04:59 Minting LBTC on ETH
07:23 Demand
11:43 Yield
14:37 BTC restaking
15:53 Why restaking for security
18:11 Future of yield
22:19 BTC v ETH staking
25:22 New financial primitives
28:26 Points farming and the future
30:53 Lombard business case
33:40 Copy/paste rollups
35:45 Chain adoption
37:47 Competition
39:33 Babylon ecosystem
42:05 Why LBTC token
45:50 Current Bitcoin L2s
50:33 What happens if covenants?
55:15 Validator incentives
👋 The Gwart Show is sponsored by Ellipsis Labs. Ellipsis Labs is building Atlas, the blockchain purpose-built for verifiable finance. You may know of Ellipsis Labs by their first product Phoenix, a fully on-chain orderbook DEX that’s done over 50 billion dollars in unincentivized volume. They are one of the strongest teams I know in crypto. If you’re interested in working for a mission-driven company, Ellipsis Labs is hiring engineers passionate about crypto and finance to work on Atlas. You can learn more and apply on Ellipsis Labs’ Twitter “at Ellipsis_Labs”. Don’t forget to check out Atlas too, @atlasxyz on Twitter.
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