Lombard is a project aiming to turn Bitcoin into a more DeFi oriented ecosystem. Currently, Bitcoin is mostly used for simple holding and transferring. Lombard wants to change that by integrating Bitcoin into decentralized finance (DeFi) through their product, LBTC.
Lombard
DeFi
Infrastructure
Description
Here’s how it works:
- LBTC (Liquid Staked Token): LBTC is a token backed 1:1 by Bitcoin. It lets Bitcoin holders earn yields, provide network security, and participate in DeFi. All this happens without losing Bitcoin's original value.
- Built on Babylon: LBTC connects Bitcoin with DeFi and proof-of-stake (PoS) ecosystems through Babylon. This helps bring Bitcoin into more financial services, like lending, borrowing, and staking, across blockchains.
- Unlocking Bitcoin’s Potential: Lombard believes that by moving just 10% of Bitcoin’s market cap into DeFi, the total value locked (TVL) could more than double. This would help grow the entire decentralized economy.
In summary, Lombard aims to take Bitcoin’s value and place it within DeFi. Through LBTC, Bitcoin can become more useful and power decentralized networks.
Team of the Project
Jacob Philips
Co-founder
Jacob Phillips is the co-founder of Lombard, a DeFi startup focused on integrating Bitcoin into decentralized finance by making it a productive asset across blockchain ecosystems. Before founding Lombard, he led Product & Strategy at Perennial Labs and was a partner at Polychain Capital. A graduate of Case Western Reserve University, Jacob is trying to build Lombard's vision of onboarding $1 trillion in Bitcoin into DeFi.