BOB and Babylon join forces to create a secure Bitcoin network, promoting hybrid L2 innovation

BOB has reached a strategic cooperation with the Bitcoin staking protocol Babylon, successfully integrating the finality of Bitcoin into its hybrid Layer2 network, creating a more robust cross-chain ecosystem. BOB combines the security of Bitcoin with the flexibility of Ethereum smart contracts, aiming to expand the functionality and liquidity of Bitcoin. Innovative products such as one-click staking services and liquid staking assets (LSTs) have already brought in over $200 million in TVL. With this strategic upgrade, BOB will also launch the largest Bitcoin LST asset — LBTC, and become the fourth largest native LBTC deployment network. In the next 45 days, BOB will also distribute Babylon points to users, encouraging more participation in Bitcoin staking, jointly promoting trustless cross-chain liquidity.

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