PANews reported on December 19 that hybrid Layer2 platform BOB announced a partnership with Bitcoin staking protocol Babylon to introduce Bitcoin's finality into its hybrid L2 network. BOB combines the security of Bitcoin with the flexibility of Ethereum smart contracts, focusing on expanding Bitcoin functionality and liquidity. Its innovative products include one-click staking services and liquid staking assets (LSTs), which have contributed more than $200 million in TVL. As part of the strategic upgrade, BOB will introduce LBTC, the largest Bitcoin LST asset, and become the fourth largest native LBTC deployment network.
In addition, BOB announced that it will distribute additional Babylon points to users in the next 45 days to encourage more users to participate in the Bitcoin staking ecosystem and build a bridge for decentralized cross-chain liquidity.
