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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What is Bitlayer?

Bitlayer is a pioneering Layer 2 platform built specifically for Bitcoin, integrating the robust security of Bitcoin’s base layer with the programmability of the Ethereum ecosystem. Leveraging the BitVM framework, Bitlayer introduces the first rollup solution tailored for Bitcoin, enabling developers to create sophisticated smart contracts and decentralized applications (dApps) that were previously unfeasible on Bitcoin’s native framework. With full compatibility with the Ethereum Virtual Machine (EVM), Bitlayer allows seamless migration of Ethereum-based applications, making it a bridge between Bitcoin’s security and Ethereum’s flexibility.

Far more than just a scaling solution, Bitlayer redefines Bitcoin’s potential by unlocking opportunities in decentralized finance (DeFi), trustless systems, and scalable infrastructure. The BTR token serves as the backbone of this ecosystem, driving governance and incentivizing participation.

Challenges Bitlayer Addresses

Despite Bitcoin’s dominance in security and decentralization, it faces inherent limitations that Bitlayer tackles head-on:

1. Limited Transaction Capacity and High Fees
   Bitcoin’s main chain prioritizes security, resulting in low transaction throughput (a few transactions per second) and high fees, making microtransactions impractical. Bitlayer’s rollup technology significantly boosts transaction capacity while reducing costs, enabling high-volume, low-cost transactions.

2. Lack of Programmability
   Bitcoin’s restrictive scripting language cannot support complex smart contracts, hindering the development of modern DeFi protocols or automated trading systems. Bitlayer introduces Turing-complete programmability, offering developers the flexibility akin to Ethereum.

3. Absence of Trustless Bridges
   Bitcoin lacks native mechanisms for trustless interoperability with other blockchains. Current bridging solutions often rely on centralized custodians or multisig setups, introducing security risks. Bitlayer’s BitVM Bridge provides a decentralized, trust-minimized solution for cross-chain asset transfers.

4. Developer Accessibility Barriers
   Bitcoin’s complex scripting system poses a steep learning curve for developers. By offering EVM compatibility, Bitlayer enables Ethereum developers to use familiar tools like Solidity, lowering the entry barrier and fostering innovation.

Bitlayer’s Vision and Roadmap

Bitlayer’s mission is to scale Bitcoin while upholding its core principles of security and decentralization. The platform aims to transform Bitcoin from a store of value into a robust infrastructure for decentralized finance (BTCFi) and innovative applications. Here’s an overview of Bitlayer’s roadmap:

1. First Phase: Bitlayer PoS (Mainnet V1) – April 2024

Launched in April 2024, Bitlayer’s first phase combines Proof of Stake (PoS) with multisignature (multisig) technology to ensure robust security. With full EVM compatibility, developers and users can seamlessly build and interact within a Bitcoin-based ecosystem. Cross-chain functionality enables asset transfers between Bitcoin, Ethereum, and other networks. This phase is complete, with a testnet available for experimentation.

2. Second Phase: Bitlayer Rollup (Mainnet V2) – Q1/Q2 2025

Bitlayer will evolve into a Bitcoin-native rollup powered by BitVM, fully inheriting Bitcoin’s security. The BitVM Bridge will enable trust-minimized cross-chain transfers, and Layer 2 state transitions will be verified on Bitcoin’s main chain. Applications will transition seamlessly from the PoS phase to the rollup architecture.

3. Third Phase: Supercharged Rollup – Q4 2025

In this phase, Bitlayer will achieve a staggering 20,000 transactions per second (TPS), making it ideal for high-volume applications. Transactions will receive soft confirmations in just 3 seconds, delivering a near-instant user experience. Combined with Bitcoin’s security, this positions Bitlayer as a leading solution for enterprise-grade applications.

BTR Token: Powering the Ecosystem

The BTR token is the native currency of the Bitlayer ecosystem, with a total supply of 1 billion tokens. It serves two primary functions:

• Ecosystem Incentives: BTR rewards participants, including developers, users, and partners, fostering growth and engagement within the ecosystem.

• Governance: BTR holders can vote on proposals and influence platform parameters, ensuring a decentralized and community-driven structure.

Tokenomics Breakdown

Bitlayer’s token distribution is designed to support sustainable growth:

• 80% is allocated for liquidity and smart contract execution.

• 15% supports ecosystem development, marketing, and community initiatives.

• 5% is reserved for advisors and exchange listings.

This structure ensures BTR maintains its value while driving the ecosystem’s expansion.

Bitlayer’s Technical Features

Bitlayer combines Bitcoin’s security with Ethereum’s versatility through a range of innovative features:

• EVM Compatibility: Ethereum applications can be seamlessly ported to Bitlayer.

• BitVM Bridge: Enables trust-minimized transfers of Bitcoin assets across chains.

• Bitcoin-Equivalent Security: Layer 2 state transitions are verified on Bitcoin’s main chain using BitVM-based proofs.

• Flexible Data Availability: Users can choose between Bitcoin-native or third-party data availability solutions.

Bitlayer vs. Ethereum: A Comparison

Bitlayer and Ethereum offer distinct advantages. Here’s how they stack up:

• Gas Fees: Bitlayer uses BTC as its gas token, leveraging innovative mechanisms to keep costs low. Ethereum’s gas fees fluctuate with network demand, often becoming expensive during peak times.

• EVM Support: Bitlayer supports EVM features up to the Cancun update (excluding certain opcodes), while Ethereum offers full EVM support.

• Solidity Versions: Bitlayer supports Solidity up to v0.8.28, whereas Ethereum supports the latest Solidity versions.

Bitlayer’s combination of Bitcoin’s security and low-cost transactions makes it an attractive alternative for developers and users.

Bitlayer’s Investors

Bitlayer is backed by a robust group of investors, including OKX Ventures, StarkWare, Alliance, UTXO, Asymmetric, Kesrel, Kenetic, Gate Labs, Web3Port Foundation, Pivot Global, GCR, Quotient, Kronos Ventures, Comma Ventures, Mindfulness Capital, NxGen, Faculty Group, and more. This strong investor base underscores the project’s credibility and potential.

Bitlayer Founding Team

Bitlayer is driven by a talented team with deep expertise in blockchain technology. Kevin He and Charlie Hu (Co-Founders) lead the project’s vision, while Daz (Chief Architect) oversees the technical infrastructure. Skyler Harris (Digital Marketing Director) and David Rutkovsky (Director of Global Business Development) drive Bitlayer’s global outreach and growth.

Official Links

• Bitlayer (BTR) Website
• Bitlayer (BTR) X (Twitter)
• Bitlayer (BTR) Whitepaper

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