
On September 19th, 2025, MEXC hosted an AMA with Jacob Phillips, Co-Founder of Lombard Finance, to explore how the project is pioneering the on-chain Bitcoin economy. The session, moderated by Muffin, highlighted Lombard’s mission to unlock Bitcoin liquidity, integrate with leading DeFi protocols, and build a full-stack ecosystem around LBTC and BARD.
Jacob introduced LBTC, Lombard’s liquid staking token backed entirely by Bitcoin, which has rapidly grown to over $1.5 billion in TVL and achieved widespread integration across major DeFi protocols. Unlike other assets, LBTC is yield-bearing and designed to incentivize Bitcoin holders to bring their capital on-chain, fueling Bitcoin’s adoption beyond just a “store of value.”
Key highlights from Jacob’s discussion included Lombard’s unique approach to scaling Bitcoin in DeFi:
- LBTC as a Yield-Bearing Asset – enabling Bitcoin holders to earn sustainable on-chain yield without sacrificing security or liquidity.
- Seamless Ecosystem Integration – with LBTC already supported across major protocols like Aave, Sky, Drift, and Curve, unlocking instant utility for users.
- Cross-Chain Security Infrastructure – partnerships with Chainlink and Symbiotic ensure secure LBTC transfers, rebalancing, and scalability across networks.
- Future Growth Vision – Lombard aims to become the full-stack gateway for Bitcoin in DeFi, from staking and lending to middleware infrastructure powering next-generation applications.
Looking ahead, Jacob emphasized Lombard’s broader full-stack vision for Bitcoin DeFi. Beyond staking, Lombard is building infrastructure for lending, trading, and middleware applications, with the goal of ensuring that any Bitcoin moving on-chain flows through Lombard in some capacity. This positions the protocol as a long-term leader in bridging Bitcoin into decentralized finance at scale.
👉 Missed the AMA? You can listen to the full conversation here on more about how Lombard is shaping the future of Bitcoin in Web3.
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