BOB (Build on Bitcoin) has laid out a phased development roadmap to enhance its capabilities as a Hybrid Layer 2 protocol, aiming to push for Bitcoin DeFi.
BOB aims to bridge Bitcoin and Ethereum ecosystems, leveraging BitVM to expand Bitcoin's role in DeFi and unlock cross-chain liquidity.
The three-phase roadmap includes Ethereum L2 integration, a Bitcoin finality protocol, and a full transition to a Bitcoin rollup, enabling advanced DeFi features like BTC staking.
BOB CEO expects retail and institutional users to join Bitcoin DeFi as interest in DeFi and on-chain yield grows.