E9: How Lombard Onboarded Billions to Bitcoin DeFi w/ Jacob Phillips - Co-Founder of Lombard Finance
Only 0.58% of Bitcoin is earning yield. Jacob Phillips and co have built the infrastructure to change that's been changing that.
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Lombard Finance grew faster than Lido, Ethena, and Etherfi—becoming the fastest-growing DeFi token in history. In this episode, Jacob breaks down exactly how they did it: the institutional playbook, why Bitcoin L2s got it wrong, and where the real yield opportunities are in 2026.
We cover:
- Why Lombard went TO existing DeFi instead of building another isolated ecosystem
- The "yield catalyst" that finally got Bitcoin holders off the sidelines
- How to speak institutional language (security, trust, custody integrations)
- BTC.b acquisition: $300M BTC
- Ledger partnership: direct access to 22% of all Bitcoin
- Bitcoin Connect SDK: "What Bitcoin L2s always should have been"
- Where sustainable Bitcoin yield actually comes from (hint: not staking forever)
- Options vaults, Yield Basis, and the delta-neutral strategies institutions want
- Why the next 3-5 years will see $1 TRILLION in Bitcoin come on-chain
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🔗 LINKS
Lombard Finance: https://lombard.finance
Jacob on X: https://x.com/JacobPPhillips
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The Bitcoin Yield Podcast is the #1 source for understanding Bitcoin yield—research reports, real data, and conversations with the builders making it happen.
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Jan 30, 2026
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