The Liquid Bitcoin Foundation

An Independent Steward for Bitcoin Capital Markets

The Liquid Bitcoin Foundation is an independent steward of the Lombard Protocol—the infrastructure enabling Bitcoin Capital Markets onchain. Incorporated in the Cayman Islands as an Exempted Limited Guarantee Foundation Company, the Foundation operates as an independent governance entity dedicated to ensuring Lombard's continuous innovation and supporting the long-term growth of its ecosystem and community.

Through governance, grants, and education, the Foundation plays a central role in strengthening Lombard's infrastructure and advancing the adoption of Bitcoin as capital. This structure reflects a commitment to long-term neutrality and independence, while ensuring the Foundation's resources are directed toward the protocol's sustainable success.

The Role of the Foundation

The Liquid Bitcoin Foundation's work is focused on three key areas:

Permissionless Innovation with Bitcoin: The Foundation supports the people and projects building the future of Bitcoin Capital Markets onchain. This includes research and development of core protocol features, as well as grants, partnerships, and strategic initiatives that expand what is possible with Bitcoin. By funding innovation at multiple levels, from core infrastructure to experimental applications, the Foundation ensures Lombard remains at the forefront of Bitcoin DeFi development.

Lombard Ecosystem Growth: The Foundation invests in community education, market research, and targeted programs to expand awareness and understanding of Lombard and its products. By doing so, it aims to encourage responsible adoption across users, developers, and institutions. This includes educational content, developer documentation, integration support, and community events that bring together ecosystem participants.

Protocol Stewardship: As a steward of the Lombard Protocol, the Foundation is committed to proposing effective governance frameworks that protect neutrality, ensure resilience, and increase community participation over time. This involves developing governance processes, facilitating community discussions, and implementing approved proposals in a transparent and accountable

These resources are deployed according to community governance, with regular reporting on:

• Grant distributions and recipient progress

• Partnership developments and strategic initiatives

• Research projects and technical improvements

• Educational programs and community growth metrics

Operating Principles

Independence: The Foundation operates independently from any single entity, ensuring decisions reflect community interests rather than individual agendas.

Transparency: All major activities, expenditures, and decisions are publicly documented and regularly reported to the community.

Neutrality: The Foundation maintains strict neutrality in ecosystem development, supporting all legitimate projects that advance Lombard's mission.

Long-term Focus: Decisions prioritize sustainable growth over short-term gains, building infrastructure that will serve Bitcoin DeFi for decades.