Decentralized Finance (Defi) Protocol built on Bitcoin (better known as “Bob”) unveiled a system that leaves BTC$ 113,036.82 Holders move their assets to decentralized trade apps with a single click, the companies said Tuesday.
“Bob gateway” connects native bitcoin with layerzeros “omnichain fungible token” (ort) version of packed BTC, an actively published by Bitgo. Integration extends to 11 block chains, including Ethereum, Avalanche, Base and BNB, which brings access to nearly 15,000 decentralized apps that can now support direct Bitcoin deposits.
So far, most of these block chains missed a simple way to connect to Bitcoin. Users often had to navigate complex bridging processes, which carried both technical friction and security risks.
With Bob Gateway, they can go in one step between Native BTC and WBTC.oft, a change that can make strategies such as yield agriculture or looping transactions that are more accessible to both retail and institutional investors.
Bring agriculture and runs the liquidity of the delivery to Defi platforms and acts as the basis for loans, borrowing and acting. Users can earn considerably passive income with this process. Making these transactions easier with Native BTC – the largest and most trusted assets – would mobilize a huge pool of capital, liquidity, safety and the total Defi market increase.
More than $ 2.3 billion in WBTC.oft has already been bridged over 67,000 transfers on Layerzero, the companies said. By making direct inflow of indigenous BTC possible, the gateway could bring new liquidity to Defi markets that depend on packed Bitcoin as collateral or trading couples.
Alexei Zamyatin, co-founder of BOB, said that the update “WBTC.oft immediately makes accessible” about supported chains, while Simon Baksys of Layerzero described the move as an utility to “one of the most trusted assets in Crypto.”
The rollout includes Ethereum, Avalanche, Base, BNB, Unichain, Soneium, Bera, Optimism, Sonic and Bob itself, with many of the current Defi landscape.
