Through this integration, users can now exchange native BTC for liquid staking tokens (LST) such as uniBTC and solvBTC in a single transaction within the Xverse wallet, and earn multi-chain BTC yields through Hybrid BTC.
On March 31, the hybrid Layer2 project BOB (Build on Bitcoin) announced its integration with the Bitcoin wallet Xverse. Its "one-click Bitcoin DeFi" feature has been successfully integrated into the Xverse Earn product, which is now officially launched on the Xverse website. Users can also access it through the browser extension on Chrome.
Through this integration, users can now exchange native BTC for liquid staking tokens (LST) such as uniBTC and solvBTC in a single transaction within the Xverse wallet, earn multi-chain BTC yields through Hybrid BTC, and earn points from protocols such as Babylon, Solv, Bedrock, and Avalon.
With the unique support of BOB's hybrid Layer2 model, Xverse Earn will become one of the safest and simplest ways to earn Bitcoin yields, greatly expanding DeFi access for the native Bitcoin audience and providing seamless opportunities for millions of native Bitcoin users to earn DeFi yields, significantly promoting the development of Bitcoin DeFi.
Xverse Earn, Easily Earn BTC Yields
Xverse is a leading Bitcoin Web3 wallet that offers a smooth asset management experience, supporting Ordinals, NFTs, DeFi, and decentralized applications. Xverse has previously played a significant role in the development of Ordinals and Runes, jointly ushering in the "Bitcoin Renaissance" era, bringing a new wave of users and traffic to the Bitcoin ecosystem. Now, through the integration of BOB and Xverse, users in this Bitcoin ecosystem can easily earn yields in Bitcoin DeFi.
By integrating with BOB and offering EVM-based DeFi products and services for the first time, Xverse Earn has significantly broadened the variety of yield strategies available on the platform. Thanks to BOB's "one-click DeFi" feature and Xverse's intuitive user interface, users can now easily deploy their BTC into various DeFi positions and track their yield-bearing assets in real-time on the platform.
It is reported that the Xverse wallet has been downloaded over 1.5 million times, and more than 7,000 users have participated in the Xverse Earn activities to date. This collaboration with BOB marks an important step for Xverse in its mission to lower the barriers for newcomers entering Bitcoin DeFi.
Regarding this integration, Xverse founder and CEO Ken Liao stated, "At Xverse, our focus is on making Bitcoin DeFi accessible to everyone. Our integration with BOB is a significant step towards this goal, providing users with a secure and seamless way to maximize their Bitcoin assets and earn rewards. We are excited to see more and more users starting to experience Bitcoin DeFi in Xverse Earn."
"One-Click Bitcoin DeFi" Powered by BOB Gateway
The new feature of Xverse Earn benefits from the BOB Gateway, which is BOB's intent-based exchange system that integrates bridging, exchanging, and deploying into a single Bitcoin transaction, eliminating the usual back-and-forth between different interfaces.
BOB Gateway supports one-click deployment of BTC into various Bitcoin liquid staking tokens (LST) and DeFi positions, providing new avenues for Bitcoin holders to earn yields from BTC.
BOB Gateway is now integrated into many Web3 platforms in the industry, including Sovryn (DEX), Pell (re-staking platform), and the Bitcoin wallet Xverse, with future integrations planned with Everstake and Staking Rewards.
In this regard, BOB co-founder and BitVM core research contributor Alexei Zamyatin stated, "Bitcoin DeFi is recognized by industry practitioners as the next frontier in the cryptocurrency space. BOB Gateway can play a key role in simplifying DeFi access for everyone, from Bitcoin novices to DeFi experts. We are pleased 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 yields. Meanwhile, BOB is also the ideal chain for Bitcoin users, and soon, trustless Bitcoin deposits and Bitcoin finality will be launched on BOB, which means empowering the security of Bitcoin for DeFi applications on Ethereum."
BOB Hybrid Layer2 Model Built for Bitcoin DeFi
This integration with Xverse comes after BOB released its hybrid Layer2 vision paper and technical blueprint, which emphasize BOB's mission to place Bitcoin at the core of DeFi and how BOB intends to achieve this by combining Bitcoin's unparalleled security and censorship resistance with Ethereum's versatility, usability, and innovation.
Currently, DeFi accounts for only about 0.3% of Bitcoin's market value, while Ethereum accounts for 30%. BOB's goal is to narrow this gap by unlocking trillions of dollars in Bitcoin liquidity and bringing it into the decentralized finance space. BOB's hybrid Layer2 model will put this goal into practice:
- OP Superchain Rollup + Bitcoin Secured Network (BSN): BOB is both an Ethereum Rollup on the OP Superchain and a BSN, which will soon inherit security from billions of dollars in Bitcoin staked through 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, reimagining the native Bitcoin bridge for Bitcoin DeFi.
- Hybrid BTC — DeFi Yield Products: The industry's first multi-chain BTC yield layer. Through Hybrid BTC, users can deposit assets into a vault on the BOB network, which can automatically deploy the assets to DeFi applications on other chains, ultimately returning the yields to users in the form of BTC.
These factors collectively make BOB the best and safest place to earn Bitcoin yields. The more liquid staking tokens (LST) that are staked and used in DeFi on BOB, the higher the staking yields will be, making it more attractive to stake assets on BOB, which further increases deposits of liquid staking tokens (LST) — ultimately creating a strong growth flywheel effect.
Additionally, since every transaction on BOB (including the latest one-click staking through Xverse Earn) will soon be protected by Bitcoin's security: from the network itself to cross-chain bridges to vaults, 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 advantages of Bitcoin and Ethereum, aiming to establish itself as the "home of BTC DeFi." The unique Hybrid L2 model merges the strengths of both ecosystems — Bitcoin's security and dormant BTC capital, along with Ethereum's DeFi innovation and versatility. By positioning BTC as the pillar 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 trust-minimized bridges between BOB, Bitcoin, Ethereum, and other L1 networks. Therefore, the Hybrid L2 does not need to rely on third-party cross-chain bridges for interoperability, easily concentrating liquidity around the Bitcoin network rather than dispersing it across various chains.
BOB is supported by leading investment firms such as Castle Island Ventures, Coinbase Ventures, Ledger Cathay Ventures, and IOSG.
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