Lombard: Unlocking Bitcoin DeFi Through Liquid, Yield-Bearing LBTC

Bitcoin remains an untapped source of net-new liquidity that could be injected into DeFi. This would completely reshape Bitcoin’s utilization from a mere store of value to a liquid asset that can be ported cross-chain and traded like a liquid staking derivative. Lombard’s LBTC builds upon Babylon’s Bitcoin staking primitive and aims to unlock new yield sources for the industry’s leading asset by increasing its DeFi utilization.

Topics:

• Jacob’s background
• Lessons gathered from Polychain
• Focusing on Bitcoin
• Why Bitcoin staking is crucial for BTC DeFi
• Building on top of Babylon
• LBTC minting
• Sources of BTC yield
• PoS inflation and native token incentives
• BTC as a trading pair in DeFi
• Lombard chain
• Future challenges to overcome
• Bitcoin L2s
• Lombard milestones

Links:

• Lombard on X
• Babylon on X