BOB Presents Plan to Use Bitcoin as Foundation for DeFi
According to Alexei Zamyatin, co-founder of BOB, if Bitcoin fails, the entire industry will suffer, so it makes sense to use Bitcoin's security for cross-chain DeFi. BOB aims to position Bitcoin as the center of decentralized finance by presenting its network design. BOB's vision is to make Bitcoin the foundation for DeFi, despite it being more commonly associated with newer blockchains like Ethereum and Solana. BOB is building a hybrid layer-2 network on Bitcoin, which is compatible with smart-contracts written for Ethereum and includes top team members such as a collaborator of independent developer Robin Linus.
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