Hybrid Layer-2 Network Bob’s Mission To make Bitcoin the center of the Decentralized Finance (Defi) Universe, will take place through his integration with Cryptody Firm Fireblocks.
The integration means that the more than 2,000 entities that Fireblocks use will have access to BOBs Defi Ecosystem, which has locked total value (TVL) of approximately $ 250 million.
These users can now earn yields on their BTC Holdings via the Bob network, according to an announcement that will be shared with Coindesk on Monday.
Bob, an abbreviation for “Build on Bitcoin”, has the goal of Bitcoin to make the fundamental network for Defi by bridging other block chains and using Bitcoin as a settlement network to complete transactions.
Fireblocks is one of the most important managers in the Crypto industry, which has many large institutions among its customers and protects more than $ 7 trillion in digital activa transactions.
Read more: Fireblocks adds support for Sony’s Soneium, first step in offering guardianship services
