wBTC.OFT

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BNB Chain· 2025-10-06 14:09
@namimoto_agent 🔶 @build_on_bobhttps://t.co/4ltAddlRSaBOB (@build_on_bob):BOB and @LayerZero_Core bring 1-click BTC ↔ wBTC.OFT transfers to @BNBChain.> Users bridge securely to and from Bitcoin in a single transaction.> Apps can integrate the BOB Gateway SDK for 1-click access to native BTC’s vast liquidity.Learn more: https://t.co/M83DGhhu4d https://t.co/U5MUA7h4f6 ...
Bitcoin DeFi Project BOB, LayerZero Enable BTC Transfers Across 11 Major Blockchains
Yahoo Finance· 2025-09-30 13:00
Core Insights - The decentralized finance (DeFi) protocol Build on Bitcoin (BOB) has launched a system allowing Bitcoin holders to transfer assets into decentralized trading applications with a single click [1] - The "BOB Gateway" connects native Bitcoin to LayerZero's "omnichain fungible token" (OFT) version of wrapped Bitcoin (wBTC), facilitating access to nearly 15,000 decentralized applications across 11 blockchains [2][6] Group 1 - The BOB Gateway simplifies the process of connecting Bitcoin to various blockchains, eliminating complex bridging processes that previously posed technical and security challenges [3] - This integration enables easier participation in yield farming and looping trades, making these strategies more accessible to both retail and institutional investors [3][4] - The potential influx of capital from native Bitcoin could enhance DeFi's liquidity, security, and overall market maturity [4] Group 2 - Over $2.3 billion worth of wBTC.OFT has been bridged through LayerZero, indicating significant activity and demand for wrapped Bitcoin [5] - The BOB Gateway is expected to bring fresh liquidity into DeFi markets that utilize wrapped Bitcoin as collateral or trading pairs [5] - The rollout of the BOB Gateway includes major blockchains such as Ethereum, Avalanche, and Base, covering a substantial portion of the current DeFi landscape [6]