BOB is pleased to announce the launch of BOB Rise, a DeFi incentive campaign designed to accelerate the growth of BOB’s Bitcoin DeFi ecosystem by rewarding liquidity providers and supporting the increased borrowing and lending of Bitcoin liquid staking tokens (LSTs).

BOB was awarded a 750,000 OP token grant back in December, and today’s campaign launch gives users the opportunity to claim a share of these tokens in return for depositing their BTC into DeFi protocols on BOB—two which have just launched this week.

Find out more at bobrise.xyz.

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Campaign Details

BOB Rise will run from February 26 to June 25, 2025 (4 months), with OP token rewards distributed across five DeFi protocols within the BOB ecosystem.

Incentives will accrue every 8 hours and can be claimed at any time, until up to one month after the campaign ends.

To participate, simply deposit into one of the following DeFi protocols on BOB:

  • Oku (Uniswap) – A professional trading interface for Uniswap’s official deployment on BOB, enabling advanced DeFi trading.
  • Euler – A decentralized, non-custodial lending and borrowing protocol, allowing users to supply and borrow assets with isolated risk markets. Euler is one of the most audited lending protocols and features a $1 million bug bounty.
  • HybridBTC.pendle vault by Veda – A BTC vault that enables users to deposit BTC on BOB, generating yield on Pendle (Ethereum) while automatically returning the earned BTC yield back to users on BOB. Operated by Veda, a leading managed vault provider with nearly $3 billion TVL, trusted by Lombard and Etherfi.
  • Gamma – Gamma automates Uniswap liquidity management via automated rebalancing in order to help maximize returns.
  • Hourglass – Lets users lock up capital for a certain duration of time to boost their rewards or leverage farm points similar to Pendle.

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Alexei Zamyatin, co-founder of BOB, said: “BOB’s hybrid L2 model means we are uniquely positioned to combine Bitcoin’s liquidity and security with Ethereum’s scalability and innovation, putting Bitcoin at the heart of DeFi. This new DeFi campaign is designed to show people the incredible potential of Hybrid BTC, the first multi-chain Bitcoin yield layer, which just launched this week. The first of many vaults earns yield from Pendle on Ethereum, returning it to BOB as BTC.”

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BOB Rise Dashboard

To track incentives, manage positions, and claim rewards, users can visit the BOB Rise Dashboard at bobrise.xyz. The dashboard is built and managed by Merkl, and provides a real-time view of the DeFi incentives available throughout the campaign.

Join the campaign today, and contribute to the growth of Bitcoin DeFi on the Optimism Superchain.

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