BOB(BOB) & LayerZero(ZRO) Unveil ‘BOB Gateway’ – Seamless Native Bitcoin Integration Across 14 Blockchains

10 hours ago
Blockmedia
Blockmedia
BOB(BOB) & LayerZero(ZRO) Unveil ‘BOB Gateway’ – Seamless Native Bitcoin Integration Across 14 Blockchains

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Build On Bitcoin Launches Multi-Chain Gateway: Revolutionizing Native Bitcoin Liquidity in DeFi

Build On Bitcoin (BOB), a pioneering platform positioning itself as the access point for Bitcoin-focused decentralized finance (DeFi), has unveiled the "BOB Gateway" in partnership with LayerZero. This innovative integration, announced on October 30, connects native Bitcoin liquidity to 14 major blockchains, including Ethereum, Avalanche, Binance Smart Chain, and Base, bringing transformative opportunities for approximately 15,000 decentralized applications (dApps).

Unlocking Native Bitcoin for Multi-Chain Ecosystems With Seamless Access

The BOB Gateway introduces a trust-minimized, streamlined solution for accessing Bitcoin liquidity from across chains. With its one-click on-and-off ramp technology, users benefit from simplified interactions between native Bitcoin and wBTC, an institutional-grade token managed by BitGo. Leveraging the Omnichain Fungible Token (OFT) standard, this design eliminates traditional bridging complexities, offering enhanced usability to individual holders, institutional investors, and developers navigating the multi-chain DeFi ecosystem.

Central to this infrastructure is the integration of BOB’s “Bitcoin Intent System,” LayerZero’s OFT standard, and Universal Messaging capabilities, creating a capital-efficient interoperability model that maximizes cross-chain opportunities. This functionality ensures seamless connectivity and access for users across supported ecosystems.

Empowering Institutional and Retail Users in the Bitcoin DeFi Economy

The BOB Gateway directly addresses the needs of both institutional and retail users by enabling access to wBTC.OFT across 14 blockchains. With this technology, users can perform essential DeFi actions such as deposits and yield generation without the technical or resource-intensive barriers typically associated with multi-chain operations.

Additionally, the BOB Gateway SDK allows dApps to integrate native Bitcoin deposit functionalities with a single click. By simplifying the onboarding process and enhancing accessibility, the gateway democratizes Bitcoin DeFi, empowering users to adopt advanced strategies such as looping and leverage techniques. Both individual holders and institutions now have viable pathways to tap into the expansive DeFi landscape.

Expanding the DeFi Network Through Trusted Bridging Solutions

A testament to its effectiveness, LayerZero has already facilitated over $2.3 billion in wBTC.OFT bridging across 67,000 transactions. By integrating native Bitcoin liquidity into this proven framework, the BOB Gateway unlocks new potential for dApps across chains, driving greater engagement and adoption within the DeFi ecosystem.

This update injects substantial liquidity into decentralized networks, allowing dApps to scale their functionalities while broadening the potential use cases of Bitcoin-focused assets. As wBTC continues to stand as one of the most widely adopted assets in DeFi, this evolution will likely catalyze an increased appetite among developers and investors alike.

Industry Experts Weigh In on the Breakthrough

The significance of this milestone is underscored by prominent voices in the blockchain space. Alexei Zamyatin, Co-Founder of Build On Bitcoin, stated: “This upgrade is a major step in our mission to establish BOB as the gateway to Bitcoin DeFi. By offering an easy way to integrate native Bitcoin on-ramps into thousands of applications, we are making Bitcoin far more accessible within DeFi.”

Adding to the enthusiasm, Simon Baksys, LayerZero’s Global Business Development VP, commented: “wBTC is already one of the most widely used assets in DeFi. This collaboration with BOB Gateway will unlock even greater utility, supporting ongoing growth and demand.”

These insights highlight the critical role of native Bitcoin liquidity in transforming the accessibility, functionality, and overall scalability of decentralized finance.

Broad Blockchain Support Driving a Unified Network

The BOB Gateway integrates with a diverse range of blockchain networks, ensuring broad utility for native Bitcoin liquidity solutions. Supported blockchains include Ethereum, Avalanche, Base, Binance Smart Chain, Optimism, Aptos, Sei, TelosEVM, Swell, Sonic, Soneium, Unichain, BERA Chain, and the proprietary BOB Chain.

These collaborations represent a paradigm shift in accessing multi-chain ecosystems, providing both established platforms and emergent networks with the benefits of native Bitcoin capabilities. This dynamic multi-chain foundation is poised to cultivate innovative DeFi use cases and attract a wider pool of developers, users, and institutional actors into the space.

Advancing DeFi with Bitcoin at the Core

The launch of the BOB Gateway marks a pivotal moment in the evolution of Bitcoin in decentralized finance. By delivering native Bitcoin liquidity to a multi-chain environment, Build On Bitcoin and LayerZero are setting new benchmarks for interoperability and accessibility in the space. As dApps continue adopting these solutions, both institutional and retail participants gain increased opportunities for interaction, investment, and innovation.

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