BOB announces integration with Bitcoin wallet Xverse, its "One-click Bitcoin DeFi" feature has been integrated into the Xverse Earn platform

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Through this integration, users can now exchange native BTC for liquidity staking tokens (LST) such as uniBTC and solvBTC in a single transaction via the Xverse wallet, obtaining multi-chain BTC yields through Hybrid BTC.

On March 31st, the hybrid Layer2 project BOB (Build on Bitcoin) announced integration with the Bitcoin wallet Xverse, with its "one-click Bitcoin DeFi" feature successfully integrated into the Xverse Earn product, now officially launched on the Xverse website, which users can also access through the Chrome browser extension.

[The rest of the translation follows the same professional and accurate approach, maintaining the original structure and technical terminology.]

  • OP Superchain Rollup + Bitcoin Secured Network (BSN): BOB is both an Ethereum Rollup on the OP Superchain and a BSN, which will soon inherit security from billions of dollars in Babylon staking;
  • Minimally Trusted Bitcoin Bridge: Supported by the BitVM protocol, BOB's native Bitcoin bridge will provide a safer alternative to existing centralized or custodial bridges, which is a native Bitcoin bridge reimagining Bitcoin DeFi.
  • Hybrid BTC — DeFi Yield Product: The industry's first multi-chain BTC yield layer. Through Hybrid BTC, users can deposit assets into vaults on the BOB network, which automatically deploy the deposited assets to DeFi applications on other chains, ultimately returning yields to users in the form of BTC.

These factors together make BOB the best and safest place to earn Bitcoin yields. Because the more liquidity staking tokens (LST) staked and used in DeFi on BOB, the higher the staking yields, this makes staking assets on BOB more attractive, thereby further increasing liquidity staking token (LST) deposits—ultimately creating a strong growth flywheel effect.

Moreover, since every transaction on BOB (including the recently launched one-click staking through Xverse Earn) will soon be protected by Bitcoin security: from the network itself to cross-chain bridges to vaults, allowing every Bitcoin holder to enjoy the security of the Bitcoin network itself.

About BOB (Build on Bitcoin)

BOB (Build on Bitcoin) is a hybrid Layer 2 network that combines the advantages of Bitcoin and Ethereum, dedicated to becoming the "BTC DeFi Home". Its unique Hybrid L2 model merges the strengths of both ecosystems—Bitcoin's security and dormant BTC capital, and Ethereum's DeFi innovation and versatility. By positioning BTC as the cornerstone of a new decentralized financial system, BOB can unlock new use cases and trillions of dollars in BTC liquidity. BOB perfectly inherits the security of the Bitcoin network using the BitVM protocol and creates minimally trusted bridges between BOB, Bitcoin, Ethereum, and other L1 networks. Therefore, the Hybrid L2 does not need to rely on third-party cross-chain bridges for interoperability, easily concentrating liquidity around the Bitcoin network instead of dispersing it across different chains.

BOB is supported by top investment institutions including Castle Island Ventures, Coinbase Ventures, Ledger Cathay Ventures, and IOSG.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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