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.

Strong BTC Performance, Massive Unrealized Loss

In its May 1 earnings release, the firm said its Bitcoin yield translated to more than 61,000 BTC, valued at approximately $5.8 billion. CFO Andrew Kang stated that the company now aims for a 25% Bitcoin yield and $15 billion in gains by year’s end.

You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!

However, Strategy reported $111.1 million in revenue, down 3.6% year-over-year and about 5% below analyst expectations. Its net loss hit a staggering $4.2 billion, or $16.49 per share, far worse than the expected $0.11 per-share loss. This was mainly due to a $5.9 billion unrealized loss on its Bitcoin holdings.

New Capital, Stock Slightly Up

To continue purchasing Bitcoin, Strategy announced a $21 billion stock offering, a bold move despite its Q1 losses.

Shares of MSTR closed 0.39% higher at $381.60 on May 1, slipping slightly to $378.50 in after-hours trading. The stock is up 31.5% year-to-date but remains below its November high of $470.

Since 2020, Strategy has acquired more than 550,000 BTC, with an average price of around $68,500. The firm’s Bitcoin holdings now exceed $53 billion in market value.

Strategy remains the largest Bitcoin-holding public company. Public firms hold over $73 billion in BTC, while institutional funds manage an additional $128 billion, per BitcoinTreasuries.NET.

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The post Strategy Misses Estimates Despite 14% YTD Bitcoin Yield in Q1 appeared first on Coin Engineer.

Speaking at the Token2049 event in Dubai, Solv Protocol CEO Ryan Chow emphasized the growing attention from institutions in recent years. While earning yield from Bitcoin used to be difficult, methods like staking, lending, and delta-neutral strategies have opened new doors for investors.

Technological innovations such as Layer-1 and Layer-2 solutions—notably Babylon—now allow BTC to be used in Proof-of-Stake (PoS) networks. This not only strengthens blockchain security but also provides passive income opportunities for BTC holders.

“Bitcoin has become a dominant asset class. Now it can be staked to help secure networks, which gives it real-world utility,” Chow explained.

Borrowing Against BTC Becomes Mainstream in Institutional Finance

Institutions often enter the crypto market through Bitcoin. After acquiring BTC, many prefer to use it as collateral for borrowing rather than selling it outright.

Services like Coinbase now offer loans of up to $1 million backed by Bitcoin, while DeFi platforms such as Aave and Compound provide instant borrowing features, further improving liquidity access.

Chow also acknowledged the role of publicly traded companies in accelerating Bitcoin adoption. Firms like Strategy (formerly MicroStrategy) have showcased how BTC can be integrated into corporate finance strategies.

Recent data backs this up. In Q1 2025, the total BTC held by public companies surged by 16.1%, reaching 688,000 BTC—equivalent to $56.7 billion in value at the time.

New Frontier: Sharia-Compliant Bitcoin Yield Solutions

Solv Protocol has launched SolvBTC.core, a yield product developed in line with Islamic finance principles. This solution secures the Core blockchain while generating returns through on-chain DeFi activities.

“We spent a long time preparing for Sharia compliance. Without that, it’s impossible to truly serve this audience,” Chow noted, highlighting the importance of aligning with regulatory and cultural standards.

With more than 25,000 BTC already locked in Solv’s protocol—over $2 billion in value—the firm is now focusing on expanding infrastructure that meets institutional demands.

Looking ahead, Chow anticipates that over 100,000 BTC could enter ecosystems like Solana, bringing with them new financial applications and broader utility across the decentralized landscape.

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