Epicenter - Learn about Crypto, Blockchain, Ethereum, Bitcoin and Distributed Technologies Lombard: Unlocking Bitcoin DeFi Through Liquid, Yield-Bearing LBTC - Jacob Phillips
Jun 16, 2025
Jacob Phillips, co-founder of Lombard, dives into the untapped potential of Bitcoin in the DeFi space. He discusses transforming Bitcoin into a liquid asset through LBTC, enhancing its staking capabilities. Jacob shares insights from his journey in crypto, the importance of adapting strategies, and the role of entrepreneurial teams in driving innovation. The conversation also touches on bridging Bitcoin with DeFi, challenges of yield generation, and the significance of new financial products to unlock Bitcoin's full potential.
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Jacob's Crypto Journey
- Jacob Phillips transitioned from intending a career in traditional finance and politics to crypto by serendipitously researching startups.
- This led to a VC internship focusing on blockchain and then to Polychain during DeFi summer, where he found his niche in DeFi research.
Polychain's Lessons on Teams
- Polychain taught Jacob that top-tier projects often differ behind the scenes from their public perception.
- He learned to identify strong teams and coherent visions as the key to great investments and successful building.
Build with Vision and Edge
- Focus on building a coherent vision and assembling a rock star team to beat competition.
- Look beyond founders to early hires and identify a specific edge the team has over others.