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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