Financial Insights That Matter
Hybrid layer-2 network BOB’s mission to make Bitcoin the center of the decentralized finance (DeFi) universe continues through its integration with crypto custody firm Fireblocks.
The integration means the over 2,000 entities using Fireblocks will get access to BOB’s DeFi ecosystem, which has total value locked (TVL) of around $250 million.
These users can now earn yield on their BTC holdings via BOB’s network, according to an announcement shared with CoinDesk on Monday.
BOB, an abbreviation of “Build on Bitcoin”, has the goal of making Bitcoin the foundational network for DeFi by bridging to other blockchains and using Bitcoin as a settlement network to finalize transactions.
Fireblocks is one of the foremost custodians in the crypto industry, counting many of large institutions among its clients and securing over $7 trillion in digital asset transactions.
Read More: Fireblocks Adds Support for Sony’s Soneium, First Step in Provision of Custody Services
#1a73e8;">Boost Your Financial Knowledge and Achieve Stability
Discover a growing online community dedicated to delivering financial news, tips, and strategies designed to help you manage money effectively, save smarter, and grow your investments with confidence.
#1a73e8;">Top Financial Tips for Saving and Investing
- Personal Finance Management: Master the art of budgeting, expense tracking, and building a strong financial foundation.
- Investment Opportunities: Stay updated on market trends, learn about stocks, and explore secure ways to grow your wealth.
- Expert Money-Saving Advice: Access proven techniques to reduce expenses and maximize your financial potential.