The Good Tech Companies - BOB Unlocks Bitcoin DeFi Potential with 1-Click Staking, Partnering with Pell, Xverse, Dynamic

Episode Date: November 25, 2024

This story was originally published on HackerNoon at: https://hackernoon.com/bob-unlocks-bitcoin-defi-potential-with-1-click-staking-partnering-with-pell-xverse-dynamic. BOB (“Build on Bitcoin”), a hybrid Layer-2, expands its 1-click BTC staking solution through integrations with Pell, Xverse, and Dynamic. Check more stories related to web3 at: https://hackernoon.com/c/web3. You can also check exclusive content about #bitcoin, #layer2-solutions, #build-on-bitcoin, #bitcoin-staking, #btc-defi, #liquid-staking-tokens, #bob-integrations, #good-company, and more. This story was written by: @wachsmancrypto123. Learn more about this writer by checking @wachsmancrypto123's about page, and for more stories, please visit hackernoon.com. BOB’s hybrid Layer-2 expands its 1-click BTC staking solution with new integrations from Pell, Xverse, and Dynamic. This simplifies Bitcoin staking and opens up DeFi opportunities like lending, borrowing, and stablecoins, driving adoption of the BTCFi ecosystem.

This audio is presented by Hacker Noon, where anyone can learn anything about any technology. Bob unlocks Bitcoin DeFi potential with one-click staking, partnering with Pell, Xverse, Dynamic. By Waksman. Bob, build on Bitcoin. A hybrid layer 2 combining Bitcoin's security with Ethereum's flexibility, has expanded its one-click BTC staking solution to new partners, expanding access to Bitcoin DeFi. Through new integrations with Pell, Xverse, and Dynamic, Bobstake allows users to seamlessly stake Bitcoin and engage with DeFi opportunities, simplifying participation in the BTCFI ecosystem. Simplifying Bitcoin DEFI BOB stake enables Bitcoin holders to stake BTC into liquid staking tokens,

LSTs, unlocking opportunities across lending, borrowing, stablecoin, and other DeFi protocols. The process is streamlined by Bob Gateway, a Bitcoin intense bridge that consolidates staking into a single transaction, improving user experience and accessibility. Alexei Zamyatin, co-founder of Bob and BitVM core contributor said. Greater than Bitcoin DeFi is being increasingly touted as the next frontier in crypto and greater than Bob stake is playing a key role in expanding the BTCFI ecosystem by greater than simplifying staking access for everyone from Bitcoin beginners to DeFi greater than experts, generating new opportunities for on-chain finance. Key Integrations Pell. The Omnichain BTC restaking network, Pell integrates

with Bob to allow users to bridge native Bitcoin into wrapped BTC on Bob and restake for yield across multiple platforms, including SolveBTC and UniBTC. Backslash.Xverse. A leading BTC wallet with 1.3 million downloads, Xverse integrates Bob's staking solution to simplify Bitcoin staking and tracking of yield-bearing tokens directly in the Xverse wallet. Backslash.Dynamic. A multi-chain developer tooling provider, Dynamics integration with Bob allows users to stake BTC using familiar wallet methods, enhancing accessibility without complex setups. Hybrid L2 These integrations follow the release of Bob's Hybrid L2 vision paper, outlining Bob's role in positioning Bitcoin at the center of DeFi. Utilizing BitVM technology, Bob combines Bitcoin's security with Ethereum's innovation to enable

trust-minimized bridging, bringing both ecosystems closer for developers and users alike. N, thank you for listening to this HackerNoon story, read by Artificial Intelligence. Visit HackerNoon.com to read, write, learn and publish.