BOB announces integration with Bitcoin wallet Xverse, its "One-click Bitcoin DeFi" feature has been integrated into the Xverse Earn platform
On March 31, the hybrid Layer2 project BOB (Build on Bitcoin) announced its integration with the Bitcoin wallet Xverse . Its "One-click Bitcoin DeFi" function has been successfully integrated into the Xverse Earn product. This feature is now officially launched on the Xverse website and users can also access it through the browser extension on Chrome .
With this integration, users can now redeem native BTC for liquid staking tokens (LST) such as uniBTC and solvBTC through a single transaction in the Xverse wallet, earn multi-chain BTC returns through Hybrid BTC , and earn points from protocols such as Babylon, Solv, Bedrock, and Avalon.
Supported by BOB's unique hybrid Layer2 model , Xverse Earn will become one of the safest and easiest ways to earn Bitcoin income, which greatly expands the DeFi access rights of Bitcoin native audiences, provides millions of Bitcoin native users with seamless opportunities to obtain DeFi income, and greatly promotes the development of Bitcoin DeFi.
Xverse Earn, easily get BTC income
Xverse is the leading Bitcoin Web3 wallet that provides a smooth asset management experience and supports Ordinals, NFTs, DeFi, and decentralized applications. Xverse has previously played an important role in the development of Ordinals and Runes, and together with them, it has ushered in the era of "Bitcoin Renaissance" and brought a new wave of users and traffic to the Bitcoin ecosystem. Now, through this integration between BOB and Xverse, users of these Bitcoin ecosystems can easily earn income in Bitcoin DeFi.
By integrating with BOB and providing EVM-based DeFi products and services for the first time, Xverse Earn has greatly broadened the types of income strategies available on the platform. Thanks to BOB's "One-click DeFi" feature and Xverse's intuitive and user-friendly interface, users can now easily deploy their BTC into various DeFi positions and track their income-generating assets in real time on the platform.
It is reported that the Xverse wallet has been downloaded more than 1.5 million times, and more than 7,000 users have participated in the Xverse Earn event so far. This cooperation with BOB marks an important step in Xverse’s mission to reduce the entry of newcomers to Bitcoin DeFi.
Regarding the integration, Ken Liao, founder and CEO of Xverse, said: "At Xverse, our focus is to make Bitcoin DeFi easy for everyone to use. Our integration with BOB is a big step towards this goal. With our joint efforts, we provide users with a safe and seamless way to maximize their Bitcoin assets and earn rewards. We are very happy to see that more and more users have begun to experience Bitcoin DeFi in Xverse Earn."
One-click Bitcoin DeFi powered by BOB Gateway
Xverse Earn’s new functionality is made possible by BOB Gateway , BOB’s Bitcoin-based exchange system that combines bridging, exchange, and deployment into a single Bitcoin transaction, eliminating the usual back-and-forth between different interfaces.
BOB Gateway supports one-click deployment of BTC to various Bitcoin Liquid Staking Tokens (LST) and DeFi positions, providing a new way for Bitcoin holders to earn income from BTC.
BOB Gateway has now been integrated into many Web3 platforms in the industry, including Sovryn (DEX), Pell (re-staking platform) and Bitcoin wallet Xverse, and will be integrated with Everstake and Staking Rewards in the future.
In this regard, Alexei Zamyatin, co-founder of BOB and core research contributor of BitVM, said: "Bitcoin DeFi is recognized by industry practitioners as the next frontier of the cryptocurrency industry. BOB Gateway can play a key role by simplifying DeFi access for everyone from Bitcoin novices to DeFi experts. We are very happy to integrate with Xverse. As an industry leader and one of the most influential Bitcoin wallets in the field, Xverse can help more Bitcoin holders earn Bitcoin income. At the same time, BOB is also an ideal chain for Bitcoin users. Soon, trustless Bitcoin deposits and Bitcoin finality will be launched on BOB, which means empowering the security of Bitcoin to DeFi applications on Ethereum."
BOB hybrid Layer2 model is designed specifically for Bitcoin DeFi
This integration with Xverse follows BOB’s release of its Hybrid Layer2 Vision Document and Technical Blueprint , which highlights BOB’s mission to put Bitcoin at the heart of DeFi and how BOB intends to achieve this by combining Bitcoin’s unparalleled security and censorship resistance with Ethereum’s versatility, ease of use, and innovation.
Currently, DeFi accounts for only about 0.3% of Bitcoin's market cap, while Ethereum accounts for 30%. BOB's goal is to narrow this gap by unlocking trillions of dollars of Bitcoin liquidity and bringing it into the decentralized financial sector. BOB's hybrid Layer2 model will achieve this goal:
OP Superchain Rollup + Bitcoin Secured Network (BSN): BOB is both an Ethereum Rollup on the OP Superchain and a BSN, and it will soon inherit security from the billions of dollars of Bitcoin staked by Babylon ;
Trust-Minimized Bitcoin Bridge: Powered by the BitVM protocol, BOB’s native Bitcoin bridge will provide a more secure alternative to existing centralized or custodial bridges, a native Bitcoin bridge reimagined for Bitcoin DeFi.
Hybrid BTC — DeFi yield product: The industry’s first multi-chain BTC yield layer . Through Hybrid BTC, users can deposit their assets into the Vault on the BOB network, which can automatically deploy the deposited assets to DeFi applications on other chains, and ultimately return the yield to the user in the form of BTC.
Together, these factors make BOB the best and safest place to earn Bitcoin yields. Because the more Liquid Staking Tokens (LST) staked on BOB and used in DeFi, the higher the staking yield, making it more attractive to stake assets on BOB, further increasing Liquid Staking Token (LST) deposits - ultimately creating a strong growth flywheel effect.
In addition, since every transaction on BOB (including the latest one-click staking through Xverse Earn) will soon be protected by Bitcoin security: from the network itself to the cross-chain bridge to the vault, every Bitcoin holder can enjoy the security of the Bitcoin network itself.
About BOB (Build on Bitcoin)
BOB (Build on Bitcoin) is a hybrid Layer2 network that combines the best of Bitcoin and Ethereum, and is committed to establishing itself as the "Home of BTC DeFi". The unique Hybrid L2 model combines the advantages of both ecosystems - Bitcoin's security and dormant BTC capital, and Ethereum's DeFi innovation and versatility. By positioning BTC as the backbone of a new decentralized financial system, BOB can unlock new use cases and trillions of BTC liquidity. BOB perfectly inherits the security of the Bitcoin network using the BitVM protocol, and creates a trust-minimized bridge between BOB, Bitcoin, Ethereum, and other L1 networks. As a result, Hybrid L2 does not need to rely on a third-party cross-chain bridge for interoperability, easily concentrating liquidity around the Bitcoin network instead of being scattered across various chains.
BOB is supported by leading investment institutions such as Castle Island Ventures, Coinbase Ventures, Ledger Cathay Ventures and IOSG.
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