BOB Stake is a new 1-click Bitcoin staking portal and SDK for Bitcoin liquid staking. It seamlessly connects Bitcoin stakers with leading liquid staking providers, streamlining the on-ramping process and directly integrating a multi-billion dollar market into BOB's thriving DeFi ecosystem. Try it now at gobob.xyz/stake.
Bitcoin liquid staking
Historically BTC holders haven’t had many options for using their prized assets. The arrival of BTC staking has introduced new ways for people to put their BTC to work.
It is now possible for Bitcoin to be used as stake in POS protocols, earning rewards for helping to secure other networks. Another option is via tokenised yield products, where the staked BTC is used in DeFi or CeFi to generate a yield.
When BTC is staked, the user receives the equivalent value in a Liquid Staking Token (LST) which is a direct representation of the staking position. And because they are “liquid”, in addition to earning any staking rewards, it is also possible to simultaneously use the assets within DeFi protocols for additional potential returns, such as on lending and borrowing platforms.
Liquid staking has been a huge success on Ethereum. The ability to claim staking rewards and simultaneously use ETH LSTs in DeFi as collateral and for trading has created $32B in TVL. With Bitcoin’s trillion dollar market versus Ethereum’s 300 billion, the potential for BTC liquid staking could be far greater. With the introduction of BOB Stake, users can stake BTC into dozens of LST protocols in a single Bitcoin transaction, significantly reducing the time and cost compared to existing staking methods, and making it accessible to users of all experience levels.
1-click access to BTC LSTs with BOB
BOB Stake is a revolutionary new product enabling 1-click Bitcoin staking into a wide variety of BTC Liquid Staking Tokens (LSTs). These LSTs can then be used across lending, borrowing, BTC-backed stablecoins and other DeFi protocols to further maximise the value of the staked BTC. This marks a significant advancement in the Bitcoin staking ecosystem, making BOB the go-to platform for BTC staking and DeFi.
BOB Stake features Babylon Bitcoin Staking as a core staking layer, with CeFi and DeFi tokenised yield products being integrated as additional staking options soon. It then supports a variety of LSTs built on these different products, including Solv, Bedrock, Chakra, PumpBTC, and many more. BOB Stake is also the BTC staking partner of choice for multiple aggregators and wallets, including stakingrewards.com and their 3 million users. Supported by best-in-class infrastructure partners such as Cobo, Dynamic, fBTC, wBTC, tBTC, and integrating prominent DeFi platforms including Sovryn, Layerbank, and many others, BOB Stake ensures that BTC LSTs on BOB can be utilized across the full DeFi landscape.
Alexei Zamyatin, co-founder of BOB, shared, “One click to stake them all. With the launch of BOB’s new BTC liquid staking portal and SDK, we are making it easier for users to stake their BTC in just one step. This milestone furthers our position as the main hub for Bitcoin liquid staking – setting DeFi projects on BOB to become the powerhouse of BTCFi.”
Simple Integrations
For wallets and staking websites, BOB Stake is a single integration, enabling access to dozens of BTC staking products and improving the user experience.
For LST providers, BOB Stake offers greatly improved on-ramping UX as well as access to a large user base across the integrated wallets and aggregators.
For DeFi protocols on BOB, there is potential access to billions of dollars of staked BTC as the backbone of a booming Bitcoin DeFi ecosystem.
Bitcoin intents
Under the hood, the one-click BTC staking product is powered by BOB Gateway, a novel Bitcoin intents bridge launched by BOB in June this year. BOB Gateway simplifies Bitcoin DeFi and staking deployments into a single BTC transaction, solving one of Bitcoin’s biggest pain points: UX. BOB Gateway uses cross-chain intents and Bitcoin light-client verification to ensure a completely trustless experience for users.
Once a user has confirmed the final asset or position they desire (the intent), solvers compete to fulfill the intent. The user then simply needs to sign a single Bitcoin transaction sending the required amount of BTC to the winning solver. The BOB Gateway smart contract on BOB will validate this transaction and unlock the BTC LST position to the user.
BOB Gateway and Bitcoin intents makes the staking process dramatically simpler for BTC holders. Now users can safely stake their BTC and receive an LST ready to use in BOB’s rich DeFi ecosystem, all in one transaction.
The final season of BOB Fusion
The launch of BOB Stake also coincides with the third and final season of BOB Fusion, the official points campaign of the BOB ecosystem. This marks the community's final opportunity to become early adopters of BOB’s Bitcoin ecosystem of 100+ projects, with the highest multipliers available for liquid staking assets being used in DeFi protocols on the BOB network, including Uniswap v3 Oku, Sovryn, Layerbank, and others.
In addition to harvesting Spice points from BOB, users can stack points from multiple providers simultaneously: for example, from Babylon, the liquid staking providers and DeFi protocols too.
Look out for more information about the Fusion Final Season coming soon.
Stake now
Stake BTC in a single transaction with BOB Stake. Put LSTs to work in BOB’s DeFi ecosystem and start harvesting maximum Spice points.
Get started at gobob.xyz/stake
