On December 19, mixed Layer2 platform BOB announced a partnership with Bitcoin staking protocol Babylon to bring Bitcoin’s final certainty to its mixed L2 network. BOB combines the security of Bitcoin with the flexibility of Ethereum smart contracts, focusing on extending Bitcoin’s functionality and liquidity. Its innovative products include one-click staking services and Liquid Rate Tokens (LST), which have contributed over $200 million in total value locked (TVL). As part of the strategic upgrade, BOB will introduce Bitcoin’s largest asset LST LBTC and become the fourth largest network to deploy native LBTC.
Additionally, BOB announced that it will distribute additional Babylon Points to users over the next 45 days to incentivize more users to participate in the Bitcoin collateral ecosystem and build bridges for decentralized cross-chain liquidity.$BTC
$
