Velar is thrilled to announce our strategic partnership with BOB (Build on Bitcoin), the pioneering hybrid Layer-2 solution that seamlessly merges the Bitcoin and Ethereum ecosystems. This collaboration represents a significant leap forward in our mission to foster innovation and unlock the full potential of Bitcoin DeFi.

BOB's innovative approach harnesses the unrivaled security and liquidity of Bitcoin while leveraging Ethereum's EVM for smart contract functionality, creating a powerful hybrid Layer-2 ecosystem. By bridging these two industry-leading networks, BOB empowers Velar to create decentralized applications (dApps) that benefit from the best of both worlds.

Velar's partnership with BOB is rooted in our shared commitment to providing users with a secure, accessible, and feature-rich environment for interacting with dApps. BOB's rollup ecosystem, which utilizes Bitcoin for settlement and security while granting access to Ethereum's extensive suite of dApps, stablecoins, NFTs, and DeFi protocols, perfectly complements Velar's objectives.

A key factor in Velar's decision to collaborate with BOB is its EVM compatibility, enabling developers to seamlessly integrate existing tools and infrastructure, such as Solidity, Hardhat, and Metamask. This compatibility ensures a frictionless experience for our team of developers looking to build on the Bitcoin network while harnessing the power of Ethereum's ecosystem.

Furthermore, BOB's Rust zkVM, which supports Bitcoin's Rust libraries and facilitates off-chain execution of Rust programs with ZK proofs, presents exciting opportunities for secure and efficient smart contract development. This cutting-edge technology aligns perfectly with Velar's dedication to equipping our developer community with state-of-the-art tools and resources.

As part of our partnership, Velar will collaborate closely with the BOB team to integrate our highly anticipated Velar Artha PerpDex with BOB's infrastructure. By leveraging BOB's hybrid Layer-2 solution, we aim to introduce the benefits of perpetual trading to both the Bitcoin and Ethereum communities, driving increased liquidity and accessibility.

In the coming weeks, we will provide further details about our joint efforts and the exciting developments on the horizon. Velar remains steadfast in our commitment to delivering cutting-edge Bitcoin DeFi solutions to our users, and our partnership with BOB serves as a testament to that dedication.

Stay tuned for additional announcements as we embark on this transformative journey to shape the future of the Bitcoin-Ethereum hybrid Layer-2 landscape.