#462: Jacob Phillips, Co-Founder of Lombard Finance, on Bitcoin Capital Markets and Bitcoin Yield

In this episode of the Crypto News Podcast, host Matt Sahab interviews Jacob Phillips, co-founder of Lombard Finance, about building Bitcoin infrastructure and capital markets on-chain. Jacob discusses Lombard's LBTC, a liquid staking protocol, and its rapid growth to $2 billion TVL. He shares insights from his time at Polychain Capital, including a missed investment opportunity with Tokamak. The conversation covers the resurgence of New York as a crypto hub, the risks and security measures associated with LSTs, and Lombard's approach to Bitcoin Capital Markets, aiming to enhance liquidity and utility for Bitcoin in DeFi. Jacob also touches on the future of crypto-corporate treasury codes and the potential for mass adoption of Bitcoin DeFi, highlighting the need for improved UX to compete with CeFi.