BOB allows users to deposit Bitcoin into DeFi applications or swap it into other assets across more than 11 blockchains with a single click. This ensures fast, secure, and low-cost Bitcoin transactions for both individual investors and institutions.

Team and Founders

Key visionaries and authors of BOB’s Vision Paper include:

• Alexei Zamyatin

• Dominik Harz

Investors and Partners

BOB maintains strong financial and technological partnerships. Corporate partners include Fireblocks, Cobo, and ForDeFi, while top DeFi protocols such as Solv, Xverse, Pell, and Sovryn have integrated BOB into their ecosystems.

Project Concept

Although Bitcoin is the world’s most valuable digital asset, its penetration in DeFi is extremely low (~0.3%), whereas Ethereum has ~30% of DeFi TVL. BOB’s mission is to unlock Bitcoin’s DeFi potential, providing sustainable returns and liquidity for both users and projects.

Core Idea: BOB brings Ethereum’s EVM (Ethereum Virtual Machine) compatibility and smart contract capabilities to the Bitcoin ecosystem, centralizing Bitcoin liquidity in a single DeFi ecosystem rather than scattering it across multiple chains.

How the Project Works

BOB combines Bitcoin security with Ethereum flexibility through a hybrid chain. BitVM bridges allow users to deposit, stake, or swap BTC in a single transaction. The hybrid chain model ensures that all transactions are verified by both Bitcoin and Ethereum networks.

• Hybrid Chain Model: Combines Bitcoin security (BitVM2) with Ethereum flexibility.

• BTC Staking: Users can stake BTC with one click to earn DeFi yields.

• Multichain Gateway: BTC can be swapped or deposited into DeFi on 11+ chains.

• Trustless Bridges: BTC deposits and withdrawals are secure without relying on bridge operators.

• Hybrid Vault: Tokenized BTC yields optimized with institutional security and strategies.

• Ethereum & L1/L2 Integration: Trustless bridges secured by Bitcoin allow DeFi usage across multiple chains.

Governance

The BOB ecosystem has a decentralized governance model. Users, token holders, and BitVM partners can contribute to protocol development, ensuring both security and transparency.

Roadmap

End of 2025:

• $BOB token and DAO launch (completed)

• Hybrid yield vaults (BTC-native earning products)

• BOB Gateway multichain swaps (expansion to 11+ chains)

2026:

• BitVM2 integration (rollup and bridge optimizations)

• Enterprise BTCFi tools (via bitvm/acc alliance)

• Additional chain integrations and native lending expansion

Note: The mainnet launched 18 months ago, aiming for Bitcoin Summer initiatives.

BOB Token

• Total Supply: 10,000,000,000 BOB

• Max Supply: 10,000,000,000 BOB

• Circulating Supply: 2,220,000,000 BOB

Token Allocation:

• Ecosystem & Community: 44.76% (14.6% unlocked at TGE, remainder over 48 months)

• Initial Claims & Staking Bonuses: 4.15%

• Community Sale: 2%

• Foundation: 10% (2.5% TGE, 7.5% linear unlock over 4 years)

• Core Contributors: 19%

• Early Backers: 20.09%

Token Locking & Unlocking:
77.8% of total supply is locked at launch. Locked tokens cannot be staked; only active users and community participants receive staking rewards. Full supply unlocks 48 months after the token launch.

Token Utility

• Staking & Economic Security: BOB tokens can be staked on Hybrid Nodes to provide Bitcoin finality and operate BitVM, earning higher fee shares.

• Decentralized Governance: Both staked and unstaked tokens can participate in BOB DAO governance. Users can vote directly or delegate their vote to governance delegates.

• Protocol Benefits: Token holders get priority access to new features like BOB Earn and BOB Gateway DeFi strategies.

Revenue Models & Buyback Programs

• Sequencer Fees & MEV: Fees from DEX rebalancing and liquidations scale with network activity.

• BOB Gateway Swap Fees: Native BTC swaps generate revenue, increasing as swap volume grows.

• Hybrid Vaults: BTC yield vaults combine on-chain and off-chain strategies to produce performance fees.

• Native BTC Lending & Liquidations: BTC-collateralized borrowing of stablecoins generates revenue from lending demand and liquidations.

• DAO Buyback Program: As protocol revenue grows, BOB DAO may implement structured buybacks to reward participants securing and staking the system.

Ecosystem and Partners

BOB integrates tier 1 DeFi protocols including Uniswap, Euler, Aave, LiFi, Lombard, Chainlink, Babylon, and Solv. Corporate partners include Fireblocks, Cobo, and ForDeFi, supporting rapid ecosystem growth.

Features

• Hybrid Chain Model: Secures transactions with ZK proofs and Bitcoin staking.

• Multichain Gateway: Single-click BTC DeFi access and cross-chain swaps.

• Hybrid Vault: Institutional-grade tokenized BTC yields.

• BitVM Security: First solution providing full finality on Bitcoin.

• User-Friendly Experience: 1-click staking, swaps, and DeFi operations.

BOB: Gateway to Bitcoin DeFi

BOB is the easiest and safest platform connecting Bitcoin with DeFi. Its hybrid chain model fuses Bitcoin’s unmatched security with Ethereum’s flexibility, creating an ideal hub for Bitcoin liquidity, applications, and institutions.

Safe and Easy to Use:

• Secure: Hybrid ZK proofs and billions in staked Bitcoin protect apps, assets, and transactions.

• Native BTC Access: Use BTC directly on BOB with BitVM, no wrappers or custodians needed.

• Simple: Stake BTC, access DeFi, and use vaults via BOB Earn with one click.

• Cross-Chain: Deposit or withdraw BTC across 11+ chains in one click.

• Tier 1 DeFi Ecosystem: Integrates Uniswap, Solv, Chainlink, LayerZero, Anchorage, and Fireblocks.

Official Links

• Website
• Twitter
• Discord

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The post What is BOB (Build on Bitcoin)? appeared first on Coin Engineer.

Overview

Avalon Labs is designed to help Bitcoin holders unlock liquidity, borrow, and earn yield without selling their BTC. Its foundation includes BTC-collateralized yield-bearing CDPs (USDa), CeDeFi lending (blending CeFi liquidity with DeFi models), DeFi lending pools, and complementary services. 

Investors & Partners

Avalon Finance is backed by top investors and partners including YZi Labs, Framework, Kenetic, Mirana, SNZ Holding, Matrixport, Antalpha, UTXO, CEiC, Summer Ventures, Comma 3 Ventures, Geekcartel, ViaBTC, Trinito, Presto, Marblex, Paka, DOMO (BRC20 creators), Taiko, and the BNB Chain MVB incubation program. 

Key highlights: 

• Institutional partners like YZi Labs and BNB Chain MVB program. 
• Token listings on Bybit, Binance Alpha, and Bithumb. 
• Notable co-founder: Venus Li. 

Vision

Avalon’s vision is to evolve Bitcoin beyond “digital gold” into a yield-generating, credit-enabling asset active in lending markets. With BTC-backed stablecoins, CeDeFi liquidity, and multi-chain lending, Avalon seeks to integrate BTC into everyday and institutional finance. 

How It Works (Products) 

USDa (CeDeFi CDP): A BTC-collateralized yield-bearing stablecoin, claimed as the world’s first and largest BTC-CDP. 

• USDaLend: Borrowing and lending protocols based on USDa. 
• CeDeFi Lending: Hybrid model merging DeFi with institutional CeFi liquidity providers. 
• DeFi Lending (Isolated Pools): Risk-controlled lending pools, supporting collateral types like LSDFi. 
• Flow: Users lock BTC → mint USDa or borrow → use in Avalon products (USDaLend, DeFi lending). 

Governance — AVL & sAVL 

• AVL: Governance token, total supply 1B, used for incentives, fee reductions, and governance. 
• sAVL (staked AVL): Earned by staking AVL; grants governance rights, emission shaping, and fee rebates. 

Roadmap Highlights 

• TVL milestones ($500M → $800M → $1B+). 
• Launch of USDa. 
• Fixed-rate borrowing. 
• Multi-chain expansion. 
• AVL token listings (from Feb 2025). 

Token Utility

AVL and sAVL provide: 

• Governance power. 
• Access to ecosystem benefits (AVL Lend, fee rebates). 
• Yield rewards through staking. 
• Borrowing cost reductions. 

Tokenomics 

• Total Supply: 162.25M AVL 
• Circulating Supply: 161.68M AVL 
• Max Supply: 1B AVL 

Distribution

• Community Incentive: 28% (48m vesting) 
• Airdrop: 20% (50% TGE, rest 6m) 
• Ecosystem & Treasury: 15% (48m vesting) 
• Team: 10% (18m cliff, 18m linear) 
• Advisors: 4% (12m cliff, 12m vesting) 
• Initial Liquidity: 4% (75% TGE, 3m vesting) 
• Investors: 19% (12m cliff, 12m vesting) 

Ecosystem Components 

• USDa: BTC-backed stablecoin 
• USDaLend: Lending protocols 
• CeDeFi Lending: Hybrid liquidity model 
• DeFi Lending / Isolated Pools: Risk-managed lending 
• AVL & sAVL: Governance, staking, rewards 
• Explorer, docs, and audit reports 

Key Features & Advantages 

• BTC-backed CDP (USDa): Yield-bearing stablecoin on Bitcoin. 
• CeDeFi hybrid model: CeFi liquidity + DeFi innovation. 
• Fast TVL growth & multi-chain expansion. 
• Audits & Security: Contracts audited by SlowMist, BlockSec, Salus. 

Official Links 

• Website
• Twitter
• Telegram

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post What is Avalon Labs (AVL)? appeared first on Coin Engineer.