With this new liquidity program, DeFi users can easily earn OP by providing liquidity, trading on DEXs, lending & borrowing, staking, and participating in other Bitcoin DeFi activities through selected protocols on BOB.
To ensure the smooth execution of the program, BOB has partnered with Merkl. The incentive distribution platform handles reward calculation and allocation, the token claiming process, and provides a dedicated app for a seamless user experience.
BOB — short for Build On Bitcoin — is a hybrid layer 2 chain that combines Bitcoin’s security with Ethereum’s DeFi innovation.
As part of its mission to put Bitcoin at the heart of DeFi, BOB recently received a 750,000 OP grant from Optimism.
These OP tokens are being distributed starting today via Merkl through the BOB RISE program!
The grant received by BOB is exclusively intended to be used as incentives for users.
With BOB RISE, all OP tokens are distributed to users of protocols building on BOB — such as Oku and Gamma, as well as new partners Euler and Veda.
Veda has just launched HybridBTC.pendle, the first of many new Bitcoin Yield Bearing Assets (YBAs) on BOB. Hybrid BTC leverages BOB’s Bitcoin secured network and bridges to securely access yield on other chains. HybridBTC.pendle can be used to pursue additional yield as collateral on lending and borrowing platform Euler, or as DEX liquidity with Oku (Uniswap) and Gamma.
To earn rewards, users simply need to provide liquidity, trade, lend & borrow, or stake in Bitcoin DeFi products on these selected protocols. The list of incentivized opportunities can be found on the BOB RISE app — powered by Merkl.
Joining BOB RISE and earning OP tokens is simple:
As BOB’s strategic partner, Merkl brings its full suite of capabilities to ensure the success of this reward program:
With its new partnership with BOB, Merkl keeps pushing the boundaries of liquidity and incentive program management. After powering initiatives for zkSync, Swell, Optimism, and Puffer, Merkl is reinforcing its position as the most powerful platform for seamless and efficient incentive distribution. And this is just the beginning—big things are coming!