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 Start00:52 Jacob intro02:14 BTC staking04:13 What is LBTC?04:59 Minting LBTC on ETH07:23 Demand11:43 Yield14:37 BTC restaking15:53 Why restaking for security18:11 Future of yield22:19 BTC v ETH staking25:22 New financial primitives28:26 Points farming and the future30:53 Lombard business case33:40 Copy/paste rollups35:45 Chain adoption37:47 Competition39:33 Babylon ecosystem42:05 Why LBTC token45:50 Current Bitcoin L2s50:33 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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