0:54:10 Jacob Phillips @JacobPPhillips: Yeah. Definitely. So, the people who are using Lombard right now, it's a it's a mix of people, for sure. The term institution in crypto is used a little bit too broadly. To break it down a little bit, I would say Lombard has cracked the code on crypto native and crypto adjacent institutions. A lot of, you know, family offices who have done, you know, e staking before who are now interested in Bitcoin staking. Same…

0:56:07 Dave @DCBK2LA: Loba... Yeah. Tell me, like, LBTC. Like like, what am I doing? Right? Because, like, all I know right now, like, on the on the on the l two side is SBTC. Right? So tell me a little bit about, like, LBTC. Yeah. Please.

0:56:19 Jacob Phillips @JacobPPhillips: Yeah. For... I guess for the Stacks Maxis, think of, think of LBTC as, like, a cross chain form of SBTC. So, I I am... It... I think I'm in the same, boat as you. Very, very excited about many different chains. My my general thought is, like, to build DeFi on Bitcoin, we don't necessarily need to go back and rebuild every primitive that we've built. Aave is amazing battle tested bar length protocol. Why would we…