On March 31, COINOTAG News reported that the innovative Hybrid Layer2 project BOB (Build on Bitcoin) has successfully integrated its services with the Bitcoin wallet Xverse. This integration features the newly launched “One-Click Bitcoin DeFi,” which is now live on the Xverse platform and accessible through the Chrome browser extension. Users of this wallet can seamlessly convert their native BTC into uniBTC, solvBTC, and other liquidity staking tokens (LST) via a single transaction.
This advancement allows users to earn multi-chain BTC rewards across Hybrid BTC, collecting points from various protocols such as Babylon, Solv, Bedrock, and Avalon. The revamped Xverse Earn platform benefits significantly from the BOB Gateway, which streamlines Bitcoin transactions by facilitating exchanges and deployments within a single operation, thus resolving typical inefficiencies associated with multiple interfaces.
The BOB Gateway’s influence is expanding within the Web3 space, having already established integrations with platforms including Sovryn (a decentralized exchange), Pell (a re-staking platform), and now Xverse. Future plans include collaborations with Everstake and Staking Rewards, showcasing the robust potential for growth in the Bitcoin DeFi landscape.