🚀 BOB Raises $9.5M to Build the Future of Bitcoin DeFi 🔗💰
💸 $21.1M Total Funding Secured
BOB (Build on Bitcoin) has raised an additional $9.5M, bringing total funding to $21.1M. New investors include Anchorage, Amber Group, and Sats Ventures, with returning backers like Castle Island Ventures and Ledger Cathay Fund doubling down.
🧠 What Is BOB?
BOB is a hybrid Layer 2 chain combining Bitcoin's security with Ethereum’s smart contract power. It leverages BitVM for trustless BTC deposits and staked BTC for finality, enabling yield, DeFi, and cross-chain liquidity using real bitcoin—not wrapped tokens.
🔥 Tokenomics & Burn Mechanism
The $BOB token powers the network as a utility, governance, and gas asset.
Burning Fees: A portion of transaction and DeFi protocol fees are burned, reducing supply.
Staking: Users can stake BOB for rewards and to secure the chain.
Ecosystem Incentives: Liquidity providers and early adopters benefit from targeted incentives.
📈 Growth Outlook
Still early-stage, BOB is attracting top-tier partners and developers. With native BTC support now live on testnet, the upcoming mainnet launch, integrations, and exchange listings could be major catalysts. Analysts expect significant upside due to its low initial valuation and growing BTC DeFi narrative.
💎 Why Buy & Hold BOB?
✅ First-mover in trustless BTC DeFi
🔥 Deflationary token model with fee burns
🌉 Bridge between Bitcoin and Ethereum
🔐 Built on the strongest foundation: Bitcoin
BOB is more than a Layer 2 — it’s a gateway to the Bitcoin DeFi economy. For long-term believers in BTC and decentralized finance, BOB is a strong contender for exponential growth. 🚀🌕