Bitcoin DeFi Protocol BOB Secures $9.5 Million in Funding Round
BOB, a decentralized finance protocol integrating Bitcoin's security with Ethereum’s DeFi features, has raised $9.5 million in a funding round, bringing total funds to $21 million.
Key points:
- Funding will support the launch of a mainnet BitVM bridge.
- Users can bridge BTC from the Bitcoin network to DeFi protocols on BOB.
- Investors include Castle Island Ventures, Ledger, and new participants like Anchorage and Amber Group.
- Mainnet launch is anticipated by year-end.
Co-founder Alexei Zamyatin emphasized that combining BitVM and BTC staking demonstrates Bitcoin's potential to secure a complete DeFi ecosystem.