BOB has launched BOB Rise, a four-month DeFi campaign to drive liquidity and adoption within its Bitcoin DeFi ecosystem. With support from a 750,000 OP token grant, users who deposit BTC into supported DeFi protocols on BOB can earn rewards.
To earn OP rewards, users must deposit BTC into one of the participating DeFi protocols within the BOB ecosystem:
Visit the BOB Rise Dashboard to manage positions, track incentives, and claim rewards in real-time. The dashboard, developed by Merkl, provides full visibility into available rewards.
BOB is a hybrid Layer 2 (L2) blockchain that combines Bitcoin’s liquidity and security with Ethereum’s scalability and innovation. Built on the OP Stack, BOB enables fast, low-cost transactions while maintaining Bitcoin’s decentralization.
To bridge assets to BOB, follow these steps:
Oku Trade is a decentralized exchange platform offering advanced trading features on 16 EVM-compatible chains. It includes a bridge aggregator and a Uniswap v3 analytics tool. Governed without a formal process and lacking a token, Oku Trade was funded by a $1.6 million grant from the Uniswap Foundation to enhance decentralized exchange interfaces.
Euler revolutionizes DeFi by letting any asset become collateral for a lending market. Lenders and borrowers get market leading risk-adjusted rates. Builders can create and manage markets exactly how they want them, with institutional-grade security.
Gamma is a decentralized protocol that simplifies access to advanced derivatives trading and risk management in crypto. It leverages automated strategies and robust risk controls to offer efficient, transparent, and secure options trading and hedging.
Veda is native yield infrastructure designed for protocols and applications. Users deposit assets into Veda’s contracts, which then deploy that capital across multiple DeFi protocols securely.
Hourglass is a protocol that offers liquidity solutions for time-bound and semi-fungible tokens. It consists of two main components: Hourglass Boost and Hourglass RFQ. In Hourglass Boost, users time-boost their assets and receive time-bound tokens (TBTs) as receipts for assets locked in a vault earning boosted yield. Hourglass RFQ is a marketplace that connects market makers with protocols to trade these tokens, making it easier to unlock liquidity.
