Optimism welcomes its first Bitcoin infrastructure-based project to its "Superchain" ecosystem.
BOB is the first Bitcoin layer-2 to join Optimism's Superchain
BOB is the first layer-2 project on Bitcoin to join the "Superchain" of Optimism. The goal of BOB is to create a bridge to layer-1 blockchains like Ethereum, with the ambition of making Bitcoin the backbone of decentralized finance (DeFi).
Specifically, BOB will integrate with the Superchain ecosystem, based on Optimism's OP Stack infrastructure. According to the agreement, BOB will receive a grant of around $870,000 from the Optimism Foundation, a project representative confirmed to CoinDesk.
OP Stack is a toolkit that helps developers build their own blockchains on Optimism. The Superchain ecosystem currently hosts a number of notable layer-2 projects such as Base, Unichain, World Chain, Soneium, Celo, Aevo, Fraxtal, Mode Network, Manta Pacific, Zora Network, Ancient8 Chain...
Regarding BOB, the project positions itself as a "hybrid layer-2", operating on both Bitcoin and having compatibility with Ethereum. The goal of BOB is to create connections with layer-1 blockchains like Ethereum, thereby making Bitcoin the center of the DeFi space.
Today's move also helps the project affirm its vision and ensure that Bitcoin developers on BOB are always updated with the latest technology for their products, co-founder of BOB Alexei Zamyatin shared.
Optimism has also attracted exchanges Coinbase and Kraken, using the OP Stack to develop their own blockchains, Base and Ink. According to the agreement, Kraken has received a grant of 25 million OP tokens from the Optimism Foundation, worth $42.5 million at the current price. The grant for BOB is much lower, only 500,000 tokens, approximately $870,000.
Also today, Swell has "turned the wheel" and chosen OP Stack instead of Polygon CDK to develop its own layer-2. Earlier this month, Optimism also conducted an Airdrop of 10 million OP tokens ($16 million) for users. This is the 5th time the project has implemented a user reward program in the Superchain ecosystem.
In terms of total value locked (TVL), Optimism ($6 billion) still lags behind its competitor Arbitrum ($13 billion) in the Ethereum layer-2 segment. However, if the total TVL of the 40 rollup projects using Optimism's technology is calculated, this figure exceeds $18 billion.
Compiled by Coin68
Join the discussion on the hottest DeFi issues in the Fomo Sapiens chat group with the Coin68 admins!!!
