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Last night I stared blankly at the rain outside the window, time really flies.
Recently noticed @build_on_bob, it made me rethink the possibilities of Bitcoin in DeFi.
BTC has always been recognized as a store of value, but it seems to be a layer apart in the DeFi ecosystem. Either it relies on those wrapped IOU tokens, which always carry a bit of trust issues, or one has to engage in those complex cross-chain operations, which are indeed not user-friendly for most people.
BOB seems to provide a different path for BTC to "move" on its own, the native way.
Its core is quite clear. BOB has invited Bitcoin from the "audience" of the DeFi ecosystem to the center of the "stage," making it a real underlying driving force and cornerstone of liquidity.
What particularly attracts me is its native support capabilities. Within the framework of BOB, developers can directly write smart contracts using Bitcoin to build DEXs, lending protocols, and even NFT markets.
For those of us holding Bitcoin, the operational aspect becomes much easier. There's no need to delve into the mechanisms of various cross-chain bridges, no need to constantly calculate Gas costs, and no need to worry about the risks of private key migration. Using a familiar Bitcoin wallet and keeping that set of addresses allows for a smoother participation in various DeFi applications.
In the @build_on_bob system, it seems that Bitcoin no longer has to choose between "storing it absolutely securely" and "earning interest efficiently" for the first time.
It preserves the purity of being digital gold while being able to flow and create value flexibly like a native DeFi token. This fusion is worth savoring.
#TENProtocol DeFi #PrivacyLayer CookieSnaps #Cookie @cookiedotfun