Original Source: BOB

On February 25th, the hybrid Layer2 project BOB (Build on Bitcoin) announced a joint launch of the DeFi incentive campaign with Optimism - BOB Rise, aiming to accelerate the development of BOB's BTC DeFi ecosystem by incentivizing liquidity providers and supporting the borrowing and lending of the increasingly growing Bitcoin liquidity collateralized tokens (LST).

It is reported that the 750,000 OP tokens of BOB were obtained from the sixth season Optimism Grant donation in December last year, and the original intention of the BOB Rise event is to incentivize users who deposit BTC assets into the four main DeFi protocols on BOB. These 750,000 OP tokens will serve as rewards for them depositing BTC into BOB.

BOB Rise Activity Details

The BOB Rise event runs from 2025.2.24 to 2025.6.23, lasting for 4 months, with a reward of 750,000 OP tokens scattered across five DeFi protocols within the BOB ecosystem. These protocols are primarily selected by the BOB team based on their market influence, execution capability, and ability to drive sustainable growth through a rigorous application process.

The activity rewards accumulate once every 8 hours, and users can claim them at any time. The claiming period lasts until one month after the end of the activity.

The way to participate in the event is very simple. Users only need to deposit BTC into the four DeFi protocols on BOB (they can choose any one of them or deposit into all four protocols at the same time. The higher the participation weight, the more OP tokens will be divided in the end).

· Oku (Uniswap): Uniswap's professional trading interface officially deployed on BOB, enabling advanced DeFi trading.

· Euler: Euler is a decentralized permissionless lending protocol that allows users to earn interest on their crypto assets or hedge against market volatility without the need for a trusted third party. In addition, Euler has been audited by multiple security agencies and offers a $1 million bug bounty program.

· HybridBTC.pendle vault supported by Veda: This is a BTC vault where users deposit BTC in BOB, generate income on Pendle (Ethereum), and automatically return the earned BTC income to users on BOB. This BTC vault is operated by Veda, the first native revenue layer built for the DeFi ecosystem, providing technical support to many mainstream DeFi vault products, including ether.fi Liquid, Lombard DeFi Vault, etc. As of now, the platform has accumulated a TVL of 30 billion USD.

· Gamma: Gamma achieves automated Uniswap liquidity management through automatic rebalancing to help users maximize their returns.

· Hourglass: Allows users to lock funds for a certain period of time to increase their rewards or mining points, similar to Pendle.

BOB co-founder Alexei Zamyatin said, "BOB's Hybrid L2 model has unique natural advantages that combine the liquidity and security of Bitcoin with the scalability and innovation of Ethereum, making Bitcoin the core pillar of DeFi. The launch of the BOB Rise campaign aims to show users the market potential of our newly launched Hybrid BTC this week. Users only need to deposit BTC into BOB to earn income from other chains, with the entire process being safeguarded by the security of the Bitcoin network. The first treasury of Hybrid BTC earns income from Pendle on Ethereum, while automatically returning the earned BTC income to users on BOB."

BOB Rise Event Kanban

Users who participate in BOB Rise can track incentives, manage positions, and claim rewards by accessing the BOB Rise Dashboard on the bobrise.xyz, which is created and managed by Merkl and provides a real-time view of DeFi incentives throughout the duration of the event.

This article comes from contributions and does not represent the views

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