BOB Brings Secure Bitcoin DeFi via BitVM2 Interoperability
BOB merges Bitcoin’s unmatched security with Ethereum’s powerful DeFi ecosystem, enabling users to access advanced financial tools without sacrificing decentralization or trust. It unlocks native Bitcoin DeFi by leveraging BitVM2 for secure, trust-minimized interoperability.
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BOB: Merging Bitcoin’s Security with Ethereum’s DeFi
The current state of Bitcoin in DeFi is fundamentally broken. Users are frequently forced to deposit BTC into centralized exchanges, lose control or utilize synthetic wrappers like WBTC and tBTC, which depend on multisignature bridges with differing levels of trust. These constructs not only go against Bitcoin’s self-sovereign ethos but also introduce exposures and fragmentation.