Quick BOB descriptors

• "Hybrid L2" = "Bitcoin security” + "trust-minimized BTC” + “BTC-secured bridges to ETH and other chains”.
• "EVM smart contracts, secured by Bitcoin".
• BTC-secured L2 that offers access to BTC yields across multiple chains.
• The best place to use Bitcoin and Bitcoin LSTs in DeFi.

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BOB stats: 243m DeFi TVL + 500k wallets + over 100 projects

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What?

BOB is a unique Hybrid Layer 2 that combines Bitcoin’s security with EVM smart contracts. Powered by BitVM, it enables BTC to be deployed into DeFi in a trust-minimized way. BOB also operates BTC-secured bridges to Ethereum and other chains, providing BTC holders with the most secure and decentralized access to Bitcoin DeFi products.

The Hybrid model has been designed to merge the strengths of Bitcoin and Ethereum, fusing Bitcoin's security and capital with Ethereum's DeFi innovation and versatility. By placing BTC at the heart of DeFi, BOB can unlock new use cases and trillions in liquidity. This makes BOB the ideal home for Bitcoin DeFi.

Why?

• Best of Bitcoin and Ethereum: Leverages Bitcoin for security, while integrating Ethereum’s EVM capabilities for innovation and usability.
• Native BTC bridge: Powered by BitVM2, BOB will enable trustless deployment of BTC into DeFi.
• BTC-secured interoperability: BOB operates BTC-secured bridges to Ethereum and other chains. This works with any smart contract chain that can run a Bitcoin light client, verifying BOB’s finality on Bitcoin.
• Hybrid BTC DeFi: Using BTC-secured bridges, BTC on BOB can be seamlessly deployed into multi-chain DeFi products, while tokenized positions can be managed and further used on BOB. This offers BTC holders access to the best BTC DeFi products and yields.
• Multi-chain liquidity: Instead of wrapping BTC to other chains, users deploy multi-chain assets into BOB to get access to BTC liquidity, powered by BTC secured bridges. This removes the need for centralized exchanges.
• Industry-leading accessibility: BOB makes it easy for BTC holders to earn yield with intents-based 1-click DeFi deployment and by abstracting away the need to manually bridge to other chains.

Team

BOB is an open-source project started in 2023 by Distributed Crafts, a UK research & development company founded in 2019, with 30 team members today.