The Hybrid Layer2 project BOB has announced the launch of the DeFi yield series product Hybrid BTC.

BlockBeats News, February 27th, the hybrid Layer2 project BOB (Build on Bitcoin) announced the launch of a DeFi yield product series, Hybrid BTC, through which it has built the industry's first multi-chain BTC yield layer. Through Hybrid BTC, users can deposit assets into the Vault on the BOB network. The Vault can automatically deploy the assets users have deposited to DeFi applications on other chains, ultimately returning the yield to users in the form of BTC. The first partners of Hybrid BTC are the EVM extension protocol Veda based on Ordinals, the DeFi lending protocol Euler, and the Bitcoin liquidity staking platform Lombard.

In the future, BOB will launch more Vaults to earn BTC DeFi yield on chains such as Solana, BNB, Base, Move, and Berachain.

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