{
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DeFi on Bitcoin Gains Momentum with BOB and Babylon Integration
BOB, a hybrid layer-2 network, has integrated with the $6 billion BTC restaking protocol Babylon to enhance Bitcoin's role in decentralized finance (DeFi). This partnership aims to provide "Bitcoin finality" for transactions, allowing assets from other chains to be verified on Bitcoin. Babylon, the leading Bitcoin staking project, recently increased its total staked BTC to 57,290, positioning itself among the top 10 protocols by total value locked. BOB plans to launch bridges to other networks using BitVM, with a testnet release expected in Q1 2025.
CoinDesk
BOB/USD Babylons USD
Crypto, News Article
21:36 18.12.2024
Trending
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