BOB Turns One: A Year of Building Bitcoin DeFi One year ago, we launched BOB Mainnet with an ambitious goal: to build the best platform for Bitcoin DeFi. Today, we're proud to celebrate how far we've come. In just 12 months, BOB has achieved: - $300 million in on-chain deposits - 500k users - 27 million transactions - 100+ projects actively building But numbers only tell part of the story. From day one, we promised ourselves to remain focused and pragmatic—building not for hype or ideology, but to solve real problems for Bitcoin users. That’s why BOB was conceived as a hybrid Layer 2: not just built on Bitcoin, but built for Bitcoin users—wherever they are. Anyone holding BTC, regardless of what chain or wallet they use, should have access to powerful, simple, trustless DeFi tools. We believe Bitcoin’s strength lies in its security and user base, and that Ethereum’s DeFi ecosystem has matured in terms of infrastructure, tooling, and UX. BOB merges these two worlds into one platform: easy to access, fast to build on, and competitive with the best ecosystems out there. Our vision for Bitcoin DeFi is driven by five core beliefs: 1) Trust-minimized Bitcoin bridges are essential. We co-authored BitVM2, launched public testnets, and created BitVM/ACC to onboard institutional partners and lay the foundation for secure Bitcoin bridging. 2) BTC holders want yield Bitcoin staking is a $200B+ opportunity waiting to happen. We've partnered with Babylon, Solv, Lombard, Bedrock and more to bring this vision to life. 3) Institutions will unlock BTC liquidity Institutional users want custody and compliance first—so we’ve worked closely with Fireblocks, Cobo, Ledger, Chainlink and many more to integrate BOB into trusted infrastructure. 4) Bitcoin holders value trust over yield That’s why we’ve partnered with tier-1 DeFi protocols like Uniswap, Euler ... —with Aave in progress—to ensure Bitcoin users have access to the best. 5) UX is still the biggest hurdle Complexity kills adoption. BOB hides it behind one-click actions, simplifying access to Bitcoin staking and DeFi without sacrificing decentralization. Looking ahead, we remain focused on our mission: to put Bitcoin at the heart of DeFi—not just as a store of value, but as a productive, liquid, and programmable asset. We're not aiming for a flippening in price—we're aiming for a flippening in utility, where more BTC flows through DeFi than through ETFs or centralized exchanges. As we enter Year 2, our focus is on scaling Bitcoin’s reach across the ecosystem: → Onboarding more talented builders → Launching native, high-impact Bitcoin products → Expanding distribution through trusted partners → Shipping Bitcoin security and native bridging via BTC staking and BitVM We want to bring Bitcoin DeFi to every BTC holder, no matter where they are—whether they're using a wallet, a neobank, a personal finance app, or a centralized exchange. That’s why we’re actively working with a wide range of businesses to help them offer yield-bearing and utility-driven Bitcoin products directly to their users. Our mission, is to create a seamless 1-click onramp into the world of Bitcoin DeFi—not only on BOB itself, but across all major chains offering Bitcoin products. All of this, secured by Bitcoin. To our builders, partners, and community: Thank you for being part of this journey. Year one was just the beginning. Let’s put Bitcoin at the heart of DeFi.