Jacob Phillips

I think this is a new DeFi First? $500mn+ asset acquisition Here's the gist of it: BTC onchain is broken. Users want the real thing — not branded wrappers, high mint/redeem fees, and gated access. At best, your current BTC wrapper is a 3rd or 4th priority for the team operating it. Users, Developers, and Bitcoin deserve better. Lombard + BTC.b will make BTC in DeFi better than BTC on CEXs. You'll be using Bitcoin onchain & you won't even know it. The Gameplan: - Direct integration to apps (Branded as "BTC") - Permissionless (and free) mint/redeem - Full suite of developer tools to craft the perfect UX - Accessible to all major ecosystems with unified liquidity - Institutional-grade security (backed by OKX, Kraken, DCG, Galaxy, etc...) Partnering with Avalanche was the perfect launchpad for this shared vision. BTC.b: - $500mn+ TVL (with no incentives) - Trusted by @aave @GMX_IO and all other major apps on AVAX - Led by a team leading the charge in institutional crypto BTC.b will become the foundation of our proliferation of BTC onchain.  A credibly neutral, multichain Bitcoin primitive — built to look, feel, and act exactly like the underlying BTC, but with enhanced access & capabilities. BTC will come onchain & never go back. Coming to @ethereum @solana @HyperliquidX @megaeth @monad and many more very soon.

Season 1 (Part two) claims: 9am EST Season 2 claims: available on March 30 Season 3: Details out tomorrow

Clearly a lot of interest in this topic; we've had overwhelming interest in presenting and joining. See you on Monday. Final 3 presenters: - @aya_kantor from @august_digital & @upshift_fi - @NovaOvchinnik from @BarterDeFi - @JacobPPhillips from @Lombard_Finance

@nycbrandonn: --> Big Banks (7 years) --> @NewYorkFed (10 years) --> @eulerfinance (4 Years) --> Now @Lombard_Finance He's seen it all on & off the chain. Pumped to have him!

DAS NYC keynote preview Bitcoin's Onchain State of the Union by @JacobPPhillips March 24. Be there.

Your favorite Institution is excited to come onchain 😈

I've sent this chart so many places over the past 3 months.

This chart always blows people's minds. MOST crypto-collateralized lending activity happens onchain. By far, the clearest evidence that onchain finance is winning.

Thrilled to announce that Lombard is the Official Bitcoin Partner of Digital Asset Summit in NYC. Together with @blockworks, we're hosting the Bitcoin Track and giving a platform to the brightest minds & opportunities today! Activity is maturing, so are conversations. Join us!

@0xalank Yeah but that only means there’s 6300+ employees who still work there…

@JacobPPhillips its bait

What the actual F were this many people doing at Docusign? Seriously, can someone who has worked at a big bloated company explain how you get to this many people for a hackathon project?

@0xosprey Fml, poor attention to detail… however, point still stands.

@JacobPPhillips this is a satire account

@xiaaweb3 But how layers can rationally be added. 6300 employees means someone has to be the senior director of fonts or something.

@JacobPPhillips big companies grow layers like onions till ai peels them back

.@CoinbaseInsto has a feature that lets you 1-click send a test transaction (without approvals) to a trusted address. Every wallet & custodian should have some form of this.

Been spending a lot of time revamping our suite of yield products to be ready for the largest pockets of BTC. First of a few announcements on this front.

@llefortovo It's definitely not a great look, though also not like Aave is being left out to dry like Compound was. Still a very capable team pushing things forward. But yet again seems challenging to grow a business when you have multiple teams with competing interests.

@JacobPPhillips bro dao governance melting even the most functional teams is wild institutions really arent ready for this tempo

CTO of the 38th Largest Bank just stepped down (or something like that). Big loss for Aave DAO. Aave, perhaps the most functional of all DAOs, continues to experience the struggles of decentralized governance. Bright side: Aave Labs stepped up big & is pushing V4 forward.

Debates over V4 seems to be biggest source of instability & uncertainty for Aave, as highlighted by BGDs post & Evgeny's tweet. x.com/EvgenyGaevoy/s…

@martinkrung @GeorgePBeall It certainly ends that way — but because OP did nothing to lock the customer in. Could have been mutual benefit, but now it looks like Base got all the value.

@GeorgePBeall @JacobPPhillips its just capitalistic max extracting at its finest. It's by design, but hard to see.

Was Base getting any benefit at all from being in the Optimism ecosystem? (other than a fast way to spin up a chain) My assumption is that there is little/no network effect across chains (no cross-contamination throughout OP Superchain)

@GeorgePBeall Whew, I do like 100mn.

@JacobPPhillips They benefited from a $100M+ grant + a devrel team that educated CB on building a chain ecosystem