Odaily Planet Daily News Hybrid L2 network BOB announced the integration of Chainlink's Cross-Chain Interoperability Protocol (CCIP) protocol as the standardized cross-chain infrastructure for its native assets to promote the innovative development of BTC DeFi.
BOB has been committed to providing infrastructure for ecosystem developers to enhance the functionality and coverage of its hybrid L2 network. To fulfill this commitment, BOB will integrate Chainlink CCIP. The CCIP protocol supports the use of BOB's trust-minimized BitVM bridge to link Bitcoin and Ethereum native networks, helping BOB realize Bitcoin's mission as the pillar of DeFi.
Johann Eid, Chief Business Officer of Chainlink Labs, said: "BOB plays a vital role in promoting the development of the BTCFi ecosystem, providing underlying infrastructure support for the continued scalability of the Bitcoin ecosystem. Chainlink CCIP is ideally suited to provide developers on BOB with the tools they need to build highly secure and feature-rich cross-chain applications, and we are very much looking forward to how developers will use the Chainlink protocol standard to develop innovative applications that users love."
BOB is a hybrid L2 platform that combines the security of Bitcoin and the flexibility of Ethereum smart contracts, designed to increase the utility of Bitcoin and expand its functionality. Positioning Bitcoin as the backbone of DeFi, BOB aims to unlock trillions of dollars of liquidity for BTCFi.