Build on Bob Unveils Hybrid Layer 2 Network with BitVM2, Bitcoin Security, and Trustless Ethereum Bridge, Unlocking $1.3 Trillion in Liquidity

The team behind Build on Bob (BOB) has unveiled its design for a hybrid Layer 2 (L2) network that aims to position Bitcoin at the center of decentralized finance (DeFi). This initiative leverages Bitcoin's security to facilitate trust-minimized DeFi operations and includes a seamless Bitcoin deposit and withdrawal mechanism through BitVM2. Additionally, the network features secure bridges for interoperability with Ethereum, enhancing the potential for Bitcoin DeFi. Notably, the project is projected to unlock $1.3 trillion in Bitcoin liquidity for DeFi protocols, highlighting its significance in the evolving crypto landscape. The vision paper for this hybrid L2 was recently announced, emphasizing the importance of maintaining deep on-chain liquidity for future trust-minimized solutions.