BOB is one of the Bitcoin Layer 2 projects that I have been closely following and am very familiar with, focusing on EVM compatibility. Another popular competitor, Botanix, just announced its mainnet launch. I personally participated in the first phase of BOB Fusion, starting to save money from Fusion1, and later interacted with some applications around BTC, initially aiming to accumulate Spice points. Although there is still no clear airdrop plan, based on BOB's narrative design, funding background, and ecological layout rhythm, it is very likely that the TGE will adopt a community incentive and behavior retrospective method to distribute early shares. My current ranking: Season 2 final ranking #334, 27 million Spice Season 3 current leaderboard ranking #376, 56 million Spice Currently, the only yield from BOB is its ecosystem's first NFT series: PixelBobs. During the time when the team collectively changed their avatars, that NFT was speculated to reach around $600-800. It was free to mint, with a cost of 0. BOB, like projects such as Spider Botanix, aimed to break the status quo from the beginning, merging BTC faith with EVM innovation, breaking the limitation that BTC can only be hoarded, allowing it to run smart contracts, participate in DeFi, and earn yields like Ethereum. BOB aims to transform Bitcoin from digital gold into the liquidity core of DeFi. On one hand, it inherits Bitcoin's native security and decentralization; on the other hand, it provides BTC with real on-chain utility and yield capabilities through smart contract mechanisms. As a hybrid Layer 2 network, BOB combines the security of Bitcoin with the flexibility of Ethereum, unlocking new scenarios for BTC on-chain, releasing dormant value, and aiming to become the ideal city for Bitcoin DeFi. In my view, BOB's logic can be summarized in one sentence: using Bitcoin as the foundation to build an Ethereum-style smart contract world on top. It adopts a very special architecture: Hybrid Layer 2, balancing security and flexibility: 1. The settlement layer directly connects to the Bitcoin mainnet, inheriting its strongest security; 2. Launched based on OP Stack, it natively supports EVM contracts, meaning It is fully compatible with Ethereum's development environment. Writing contracts, deploying applications, and connecting third-party tools can be done without changing the code; developers can "move in with their bags packed." However, it is not merely an Ethereum scaling chain. By connecting to the Bitcoin mainnet and introducing BitVM and staking mechanisms, BOB merges BTC's "hard security" with ETH's "strong flexibility," truly unlocking the core value of the two strongest chains in crypto. Why is this architecture particularly important for BOB's BTC DeFi? Because traditional BTC users who want to participate in DeFi usually have to bridge their coins to Ethereum, turning them into wrapped assets like WBTC or tBTC, which is both cumbersome and carries security risks. With the support of BitVM and the BTC staking system on BOB, users can participate in DeFi with "pure" BTC at the click of a button, eliminating the cross-chain steps and enhancing security. Also, because of its focus on building the BTC DeFi ecosystem, BOB has invested a lot of time in laying the groundwork for cooperation and ecology in the early stages. Currently, over 100 projects have been deployed on BOB, including Uniswap, Aave, Euler, LiFi, Lombard, Chainlink, Babylon, Solv, etc. The DeFi TVL is approximately $130 million. BOB supports all mainstream BTC wrapped assets (such as WBTC, tBTC), LST (Liquid Staking Token), and Ethereum standard assets, ensuring that BTC users can directly access the existing DeFi world without needing to "relearn" and can seamlessly get started. Core products include: 1. One-click BTC staking: Users only need to make one BTC transaction to invest assets into the DeFi vault, driven by Bitcoin Intents. 2. Hybrid BTC vault: Based on BTC security guarantees, it participates in Ethereum and multi-chain yield strategies, with positions that can be tokenized, collateralized, or leveraged. During this time, BOB has not rushed to issue tokens but has instead steadily built its infrastructure, ecosystem, and user experience step by step. Regarding TGE and airdrops: To be honest, as time goes by, the dilution of Spice points has become increasingly evident, and the overall heat of BTCFi has also cooled. In this context, I am also observing: Can BOB not only remain "technically robust" but also truly break through in products or mechanisms, bringing about an eye-catching innovation? Perhaps it is not the value of the airdrop itself, but whether BOB can carve out a truly on-chain application path that belongs to BTC.