BOB
BOB is a Hybrid L2 combining Bitcoin's security with Ethereum's DeFi innovation.
Why BOB?
BOB is a new type of Bitcoin-secured blockchain: a Hybrid L2. Hybrid L2s inherit security from Bitcoin, as the most secure and decentralized network.
With BOB's Hybrid L2 design we strive to completely change the way BTC is used in finance.
- Today: deposit BTC into centralized exchanges or wrap to a dozen of other chains via multisig bridges.
- The Hybrid future: Everyone deposits assets into a BTC-secured platform that has access to native BTC liquidity… because everyone is OK to trust Bitcoin.
Bitcoin Security
Security is essential for Bitcoin liquidity in DeFi. BOB Hybrid L2 will inherit Bitcoin's security using Bitcoin finality through BTC staking and a native BTC bridge powered by BitVM. BitVM enables much more secure BTC bridges without requiring a Bitcoin fork.
Learn more in the BitVM2 paper.
Ethereum Liquidity
BOB leverages Ethereum's network effects and liquidity while providing a trust-minimized bridge for ETH users. Our unique "Hybrid" bridge uses Bitcoin finality instead of Ethereum L2 finality, ensuring all assets on BOB are secured by Bitcoin's robust security model.
Learn more in the BOB: The Hybrid L2 whitepaper.