Bob, A. Bitcoin (BTC) Decentralized Finance (DEFI) protocol has been raised $ 9.5 million in a strategic funding round, combining the security of the protocol bitcoin.
After the last lift in the investment 2024, Bob (“Buco on Bitcoin”) increased the total amount to $ 21 million.
The latest Rise will be used to manufacture Bob’s vision for the manufacture of “Gateway to Bitcoin Defee”, which will be launched by launching a mannet bitVM bridge and bitcoin finality through Stake BTC later this year. This will allow users to bridge the BTC from the bitcoin network and deploy it in the DEFI protocol on the bob.
The Castle Island Ventures, which led Bob’s $ 10 million seed round, also contributed to the latest ridge with laser, rockwex, iOSG Ventures and Bankless Ventures. According to an email announcement on Thursday, Encourage, Amber Group and SATS Ventures joined as new investors.
Co-founder Alexi ZMITIN said, “With a combination of Bitavm and BTC stacking, we are proving how bitcoin can protect an entire DEFI ecosystem.” “A condition on Bob is a condition on Bitcoin Defee.”
Mennet launch is expected by the end of the year.
