BOB is ushering in a new era for Bitcoin DeFi by introducing native BTC (not wrapped BTC) into its expansive Bitcoin DeFi ecosystem. The groundbreaking BitVM Testnet is supported by industry leaders including P2P.org, Lombard, Solv Protocol, Amber Group, Ankr, RockawayX, Fiamma, UTXO Management, Luganodes, and SatLayer.
Key Milestones and Timeline
- July 2nd: BOB announced the activation of native BTC on its BitVM Testnet.
- Q4 2025: Planned launch of the BitVM Bridge and native BTC on BOB Mainnet.
Why This Matters
BOB solidifies its position as the "home" for Bitcoin DeFi by enabling trustless, native BTC integration—diverging from wrapped BTC solutions reliant on centralized custodians. The BitVM Bridge employs a fraud-proof "1-of-N" security mechanism to maintain Bitcoin-native guarantees.
👉 Discover how BOB is redefining Bitcoin DeFi
BitVM Alliance and Institutional Support
All testnet partners are members of the BitVM Alliance, a coalition advancing BitVM from theory to practice. Institutions are actively supporting the testnet by running BitVM nodes, accelerating real-world adoption.
Partner Statements:
- Alexei Zamyatin, BOB Co-Founder:
"Our vision is to place Bitcoin at the core of DeFi. BitVM makes this possible without trusting third parties." - Ryan Chow, Solv Protocol CEO:
"BitVM aligns with our mission to unlock Bitcoin’s trillion-dollar liquidity—BOB’s testnet proves this is viable." - Artemiy Parshakov, P2P.org:
"BitVM is the missing piece to unleash Bitcoin’s DeFi potential."
Technical Innovations
BOB’s Hybrid Layer2 model merges Bitcoin’s security with Ethereum’s scalability:
- Ethereum-Based Data Availability: Low-cost fraud-proof data storage via Ethereum blocks.
Role Specialization:
- Operator Nodes: Handle computations.
- Operator LPs: Provide BTC liquidity for withdrawals.
- Collateral Reuse: BTC collateral can be reused across multiple BitVM instances (based on Citrea/CommonPrefix research).
About BOB (Build on Bitcoin)
BOB is a Hybrid Layer2 combining Bitcoin’s security with Ethereum’s DeFi innovation. Backed by Castle Island Ventures, Coinbase Ventures, and IOSG, BOB aims to be the "BTC DeFi Home."
FAQs
Q: How is BOB’s BTC different from wrapped BTC?
A: It’s native BTC secured by Bitcoin’s network—no centralized intermediaries.
Q: When will BitVM launch on mainnet?
A: Target is Q4 2025.
Q: What institutions support the BitVM Testnet?
A: 10+ leaders including Amber Group, Ankr, and Lombard.
Q: Why is BitVM a breakthrough for Bitcoin DeFi?
A: It enables trustless BTC liquidity across chains.