CoFounder @Lombard_Finance prev: Polychain, Perennial
NYC
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- Following 3,569
- Followers 8,898
- Likes 11,673
Pinned Tweet
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.
EXCLUSIVE: Lombard Finance acquires BTC.b, Avalanche's bridged bitcoin asset, from Ava Labs theblock.co/post/376974/lomb…
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In crypto, we would call this a governance attack
BREAKING: President Trump says he will issue a $5,000 "dividend" to every adult citizen in the US if the Republicans win the midterm elections.
There are currently ~245 million US citizens age 18+, meaning this dividend would cost ~$1.2 trillion.
This would mark the biggest economic stimulus payment since the pandemic.
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Onchain vs offchain:
- Lower borrowing costs
- Higher LTVs
(h/t @syphercapital)
borrowonbitcoin.com/
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Tokens are responding to fundamentals.
One of the best developments of the bear market.
$ZRO is up 12% after @LayerZero_Core unveiled ATLAS, a headless exchange built on its Zero blockchain.
Venues plug in and keep 20-65% of the trading fee. 75% of what remains buys and burns ZRO.
No launch date yet, and Zero hasn't reached mainnet.
Read more here:
thedefiant.io/news/blockchai…
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One of the longest institutional track records, now available onchain.
The new LBTC.
4.5 years trading Bitcoin volatility. Positive every quarter, across every market condition since 2022.
Led by Bitwise's derivatives team. Previously available only to Bitwise's largest clients, now available to anyone holding LBTC.
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Any good collaboration tools for LLMs?
Goal: Allow a colleague to take over a chat/project exactly where I left off (google docs for claude)
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Offchain yield with as much transparency as onchain yield.
LBTC V2 Transparency Dashboard will be the most in-depth publicly available dashboard for an institutional yield strategy.
What are we missing?
lombard.finance/transparency…
Lombard brought $billions in BTC onchain — Time for round 2.
The new & improved LBTC:
- Covered Call Strategy
- Managed by @Bitwise
- Targeting 2.5% net APY
+
The most in-depth transparency/risk dashboard of any onchain asset.
Announced today @Lombard_Finance.
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Jacob Phillips retweeted
Very excited about this news.
Bitwise's derivatives portfolio management team, led by @tradecoin14 will be generating income/yield on Bitcoin from a durable source — volatility.
Lombard then brings that onchain.
Onchain Finance you might say.
.@Bitwise is now running a Bitcoin covered-call options strategy for Lombard.
Onchain assets are starting to be managed the way institutional capital always has been.
A milestone for productive Bitcoin.
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Lombard brought $billions in BTC onchain — Time for round 2.
The new & improved LBTC:
- Covered Call Strategy
- Managed by @Bitwise
- Targeting 2.5% net APY
+
The most in-depth transparency/risk dashboard of any onchain asset.
Announced today @Lombard_Finance.
LBTC proved demand for yield-bearing Bitcoin. Today, we double down on that thesis.
LBTC is moving to institutional yield. @Bitwise will manage a covered-call options strategy with a 4.5-year legacy track record, to generate LBTC's yield, targeting 2.5% net APY paid in Bitcoin.
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Jacob Phillips retweeted
The Signal 2026. Where Digital Finance Converges.
A symposium on October 14 in New York.
Institutional investors and industry professionals may apply to attend. luma.com/thesignal2026
This year's speakers include (with more to come):
Alex Alden (BTIG)
@mikebelshe (@BitGo)
@carlosdomingo (@Securitize)
@BoHines (@tether USAT)
@aya_kantor (@august_digital & @upshift_fi)
Amar Kuchinad (@CopperHQ)
@StaniKulechov (@aave)
@JacobPPhillips (@Lombard_Finance)
@DavidLRipley (@krakenfx)
@matthew_sigel (@vaneck_us)
Jamie Walker (@usbank)
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Bitcoin continued to dominate as the preferred collateral.
@Lombard_Finance & @FlowTraders thread the needle for institutions who want to borrow stablecoins but can’t post onchain collateral (the @CapApp model)
Onchain BTC collateral -> posted to back stablecoin lenders -> who lend directly to leading Institutions.
Introducing the Bitcoin Onchain Credit Strategy, opening access to institutional credit markets for Bitcoin holders.
@FlowTraders is among the first institutional participants using the Strategy, contributing a fixed premium to borrow stablecoins onchain.
Built in partnership with @capapp, @symbioticfi, and @chainlink.
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Tons of stablecoins launched with Bridge (@Stablecoin) — Now Bridge has their own (and a long list of partners).
Reminds me of Global Dollar Network (USDG), though a few of @global_dollar's flagship partners also partnered with @openstandard (Anchorage, OKX, Galaxy).
Introducing Open USD: a stablecoin built for the internet economy, designed by the businesses growing it.
joinopenstandard.com/blog/in…
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So much confusion here could have been avoided by noting this was an equity deal.
Very interesting assuming this deal comes with strategic benefits.
@krakenfx has been making big moves in the onchain space.
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Live with @alexeiZamyatin!
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UPDATE: No vulnerability. (Confirmed by @Lombard_Finance team)
We welcome (and will reward) all good faith bug reports — but it is poor form to tweet about a potential bug before submitting it to the team.
This tweet was live for ~13 hours before a report was shared, which was quickly cleared as not a vulnerability by the Lombard team.
If you think you’ve found a bug, these are your best resources:
- @immunefi Bug Bounty program (best place)
- Get in touch with any verified Lombard team member
- Email us (security@lombard.finance or support@lombard.finance)
Our docs page is another great resource: docs.lombard.finance/
POV: I discovered a critical vulnerability in a protocol with + $800 million TVL at risk, scammers desperately trying to front-run 🤣
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One of the best underdog/contrarian stories in crypto.
Act 1: Morpho Optimizer —> A cool hack but can they actually build a real protocol?
They then built one of the first TRUE "Primitives" in crypto (meaning a protocol acting as a building block for businesses on top)
Act 2: Morpho Blue —> Okay a real protocol but what about growth & distribution?
They then onboarded some of the biggest Institutions & fintechs in crypto and invented a whole new category of businesses (curators).
And without anything real flashy per se... just a (relatively) slow, unsexy, multi-year grind to Product-market fit.
Act 3... Morpho Midnight
Congrats to the @Morpho team!
Morpho Association has raised $175M to build the open credit network for the world.
Co-led by @paradigm, @a16zcrypto, @RibbitCapital with strategic participation from @apolloglobal, @vaneck_us, @circle_ventures, and @Ledger @Cathayinnov.
The round also included participation from @variantfund, @wmt_ventures, @preludexyz, @IOSGVC, @HashKey_Capital, @sbigroup, @Bpifrance, @mirana, @bamazizimesh, NJJ Capital and 10+ other strategic partners.
The funding will help accelerate Morpho's position as the foundation for onchain credit.
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A core reason very few ZK Rollups are trustless today.
Extreme complexity that no one is willing to bet is 100% secure.
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