BOB – Build Everything on Bitcoin: Unlocking Bitcoin's Potential in DeFi
BOB (Build on Bitcoin) is a Hybrid Layer 2 (L2) solution combining Bitcoin’s security with Ethereum’s flexibility. Built to optimize Bitcoin's use in decentralized finance (DeFi), BOB offers faster, cheaper, and more versatile financial applications while unlocking Bitcoin's liquidity.

Key Features
Hybrid L2 Design:

Bitcoin Security: Utilizes Bitcoin’s PoW for secure BTC deposits and withdrawals, enabling trust-minimized DeFi applications.
Ethereum Flexibility: Integrates Ethereum’s DeFi advantages via a trust-minimized bridge, securing ETH and ERC-20 tokens with Bitcoin.
Core Components:

Rollup Layer: Initial launch on Ethereum’s OP stack, with plans for Bitcoin-native settlement.
EVM Core: Supports Ethereum-compatible smart contracts.
Bitcoin Bridges: Enables trustless BTC data access and tokenized transactions.
Key Products:

Bridge: Seamless ETH-to-BTC asset transfers.
DEX: Decentralized trading for Bitcoin and other assets.
DeFi Tools: Tokenization, lending, and borrowing opportunities.
Roadmap
Phase 1: Optimistic Rollup on Ethereum with BTC tracking.
Phase 2: Introduces Bitcoin PoW security for Ethereum rollups.
Phase 3: Bitcoin-native settlement with enhanced fraud-proofing using ZK technology.
Tokenomics
Token Name: Build on Bitcoin (BOB)
Use Cases: Fee payments, governance voting, and ecosystem services.
Conclusion
BOB bridges Bitcoin and Ethereum, offering secure, scalable, and user-friendly DeFi applications. Its innovative Hybrid L2 design positions it as a key player in unlocking Bitcoin's full potential in decentralized finance.