About BOB's report today:
Regarding the post from @build_on_bob, the key point is that their BitVM bridge allows your native BTC to participate directly in DeFi, and you can earn some yield without giving up control of your BTC.
From a technical perspective, the BitVM bridge sounds like a big deal, enabling BTC to enter the world of DeFi without losing its security and decentralized nature. This could be a game changer for those who have always felt that BTC is too static, as previously, earning yield required throwing BTC into centralized exchanges or lending platforms, which carries significant risks.
BOB promotes a hybrid chain concept that combines the stability of Bitcoin with the innovation of Ethereum. However, the promise of wanting both security and yield still depends on the robustness of the underlying technical support.
If you're interested in the combination of DeFi and BTC, you can learn more about BOB's documentation or community discussions!
#BuildOnBOB #Bitcoin #DeFi #CookieFun
@cookiedotfun
What if earning yield didn't mean giving up your Bitcoin?
With BOB's BitVM bridge, native BTC will enter the gateway to Bitcoin DeFi.
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