COINOTAG reports that on February 27th, the innovative Layer 2 solution, BOB (Build on Bitcoin), unveiled its latest offering: a series of DeFi yield products named Hybrid BTC. This initiative marks a significant milestone as it introduces the first multi-chain BTC yield layer in the crypto market. Users can now deposit assets into the Vault on the BOB network, which efficiently allocates these funds to DeFi applications across various chains, returning yields in Bitcoin. BOB has partnered with notable platforms, including the Ordinals-based EVM extension Veda, the DeFi lending protocol Euler, and the liquidity staking platform Lombard. Looking ahead, BOB plans to expand its capabilities by introducing additional Vaults to facilitate BTC DeFi yields across emerging ecosystems such as Solana, BNB, Base, Move, and Berachain.
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