BOB is the Gateway to Bitcoin DeFi, the easiest and safest way to earn with your Bitcoin. BOB’s unique hybrid chain model fuses Bitcoin’s unmatched security with Ethereum’s versatility, creating the premier destination for Bitcoin liquidity, applications, and institutions.
Safe
- Hybrid ZK proofs and billions of dollars of staked Bitcoin secure all apps, assets, and transactions.
- Access native BTC on BOB, with no wrappers or custodians, powered by BitVM.
Easy
- Bitcoin staking, Bitcoin DeFi and Bitcoin vaults, all accessible via BOB Earn with just 1 click and 1 single BTC transaction.
- 1-click native BTC deposits and withdrawals for 11+ major chains including Ethereum, Unichain, Base, and BNB Chain.
- A tier 1 DeFi ecosystem with the players you know and love, including Uniswap, Solv, Chainlink, LayerZero, Anchorage and Fireblocks.
Token Distribution
BOB will have a maximum, fixed supply of 10,000,000,000 tokens that will be minted on BOB’s Hybrid Chain, and represented as an ERC-20.
The majority of BOB tokens (50.91%) are allocated to BOB community and ecosystem development purposes - split between Initial Claims (4.15%), Community Sale (2.00%) and ongoing Ecosystem & Community initiatives (44.76%).
Locked and unlocked tokens
At launch, the initial circulating supply of unlocked tokens will be 22.20%. Approximately 0.51 billion tokens (5.1%) will be in community hands through initial claims and the community sale. Roughly 1.46 billion tokens (14.6%) allocated to Ecosystem & Community and 0.25 billion tokens (2.5%) allocated to the BOB Foundation will also be unlocked at launch.
Tokens allocated to Core Contributors and Early Backers are locked at launch and subject to pre-defined vesting and lockup schedules spanning over 2-3 years to ensure long term alignment with the success of BOB. In total 77.8% of the total BOB token supply will be locked on day 1. Tokens allocated to Foundation and Ecosystem & Community are also subject to vesting and unlock over 48 months. The full 10 billion supply will be unlocked 48 months after the BOB token launch.
Locked tokens cannot be staked in order to ensure staking rewards are distributed to community and active network participants, avoiding an initial concentration of rewards among those individuals (team members and backers) involved directly with the project.
Ecosystem & Community (44.76%)
Approximately 44.76% of BOB tokens are reserved for Ecosystem and Community. Roughly one third of these tokens (14.6% of total supply) will be unlocked at TGE with the remainder linearly unlocked over 48 months. This is to ensure the BOB DAO can utilize the treasury for growth initiatives early on while at the same time ensuring long-term oriented planning. These resources will be stewarded by the BOB Foundation together with the BOB DAO via onchain governance.
This allocation will be used to support the growth of the BOB ecosystem and community through ongoing community, builder and DeFi initiatives, also including staking rewards. A minority (5%) has been pre-allocated towards early DeFi, liquidity and ecosystem growth strategy. The remaining 39.76% will be overseen by the BOB Foundation and BOB DAO for many years to come.
Initial claims and staking bonuses (4.15%)
Approximately 4.15% of BOB tokens are allocated to the BOB community through initial claims and staking bonuses.
2.15% of this amount is allocated to initial claims for BOB Fusion users, content creators and campaign participants. A number of strategic liquidity providers who provided significant support to liquidity pools, seeding lending and other DeFi primitives on BOB are excluded from the BOB Spice system to avoid dilution and are subject to a 12 month lockup schedule. Some campaign allocations are also subject to pre-agreed lockup schedules.
The remaining 2.00% is allocated to staking bonuses, claimable immediately upon staking and timelocking tokens for set time periods.
To receive the maximum possible initial allocation, eligible claimers will need to stake and commit to an 18 month timelock, thereby receiving a 250% token bonus. Smaller bonuses are available for locking up stake for shorter periods of time.
This one-time lockup and staking bonus is available to all BOB token holders - airdrop recipients, sale participants and users acquiring in the open market - during the first 60 days, first come first served until the pre-allocated budget is depleted.
Only fully unlocked tokens can be staked and timelocked. Team and backer tokens subject to lockups are therefore excluded.
The token distribution has been designed to reward the people that provided the greatest support for the bootstrapping and growth of the BOB ecosystem. A step by step claiming and staking guide will be provided ahead of the token launch.
Community sale (2%)
A community sale of 2% of BOB tokens was completed November 10-16 raising $4.2 million. Proven BOB community members (top Spice holders in BOB’s Fusion program and the top 2000 BOB Cookie snappers) could choose to participate at a discounted valuation. Tokens purchased in the community sale are 50% unlocked at TGE, with the remaining 50% vesting linearly over 3 months.
Foundation (10.00%)
The BOB Foundation serves as the steward of the BOB network. Its mandate is to advance both commercial interests and public good efforts to grow the BOB ecosystem. To this end, 10% of BOB has been allocated to the BOB Foundation, aimed at funding research, development and initiatives that expand and improve BOB’s product offering, distribution and technical design. Of this allocation, 2.5% will be unlocked at launch, while the remaining 7.5% will be unlocked linearly over 4 years.
Core Contributors (19.00%)
To build the future of Bitcoin DeFi, it is imperative to attract the best talent in the industry and ensure long-term alignment. To this end, 19% of BOB tokens are reserved for early and future contributors. These tokens are subject to service-based vesting, linear over 36 months with a 12 month cliff.
Early Backers (20.09%)
Approximately 20.09% of BOB tokens are allocated to early backers who provided important financial, advisory, and strategic support. Different groups of backers have slightly differing terms:
- Strategic and seed round backers (18.71%), have a linear vesting period of 36 months with a 12-month cliff,
- Angel backers (0.62%) have a linear vesting period of 36 months starting at token launch.
- Selected strategic partners (0.77%) have a 12 month lock up followed by 12 months linear vesting
Token Utility
BOB is the token of BOB’s Hybrid Chain ecosystem, and will be used to achieve the long-term objectives of the BOB network. It will allow all users, builders, and other stakeholders to actively contribute to the network through staking and decentralized governance.
Staking for Economic Security
As part of the BOB token launch, we are starting to build economic security through the introduction of BOB token staking. Users will be able to stake and delegate BOB tokens to “Hybrid Nodes”. These Hybrid Nodes will have two main functions when BOB phase 2 goes live with the launch of Bitcoin finality:
- Provide finality to BOB via Bitcoin staking. BOB tokens are staked to become a finality provider (FP) and for FPs to earn a higher share of the fees.
- Operate BitVM, BOB’s native BTC bridge. BOB tokens are staked to qualify as a BitVM operator and for operators to earn a higher share of the fees.
Decentralized Governance
Through BOB tokens, we expect the community to play a vital role in the decentralization of governance of BOB over time. Both staked and unstaked tokens can be used to participate in BOB governance.
BOB governance oversees upgrades of core BOB components including the underlying network, BitVM, Gateway, and more. Participants in the BOB DAO also vote on treasury allocations. The BOB DAO will be live from day 1, comprised of all BOB holders.
While participants can vote directly, they are also able to delegate their vote power to governance delegates who will vote on their behalf.
Protocol Utility
BOB token holders may receive priority access to new BOB features and benefits, for example as BOB Earn increases the number of connected vaults and DeFi strategies, or when BOB Gateway launches instant swaps for Bitcoin.
Future BOB Fee Model & Buy Back Programs
BOB is positioned to become the Gateway for Bitcoin DeFi, bringing millions of users and billions in TVL and volume. As both a DeFi destination in its own right, and a leading distribution channel for other large scale DeFi ecosystems, the BOB network has multiple revenue sources:
- Sequencer Fees & Healthy MEV. BOB earns through sequencer fees and “good MEV” such as DEX rebalancing and liquidations. Fees scale linearly with usage, while good MEV from rebalancing DEX pools, liquidations etc. grows exponentially. This can bring significant upside as activity increases.
- BOB Gateway Swap Fees. BOB Gateway, the first BTC intents protocol, enables swapping native BTC for any asset on any chain. Higher swap volume directly increases revenue. Compared to slower, more expensive alternatives, BOB’s focus on BTC on/off-ramps and integrations with major bridges allows rapid scaling and network expansion at minimal operational overhead. BOB Gateway already supports 11 chains in partnership with LayerZero, with many more to come.
- Hybrid Vaults. BOB’s upcoming BTC yield vaults combine on-chain and off-chain strategies with institutional partners, generating performance fees for the treasury as TVL grows.
- Native BTC Lending & Liquidations. BOB is developing a Bitcoin-native lending system where BTC remains secured on Bitcoin while users borrow stablecoins across networks. Powered by BitVM vaults and BOB’s novel liquidation engine, this taps into one of Bitcoin’s strongest use cases - collateral - positioning the protocol for meaningful revenue from borrowing demand and liquidations.
As network activity expands and protocol revenues grow, the BOB DAO may introduce a structured buyback framework that strengthens long-term alignment with the builders, contributors, and users powering the ecosystem. Such mechanisms will become a core pillar of value flow within BOB, directly linking network growth to those who stake and secure the system. It creates a sustainable flywheel where increased adoption reinforces rewards, deepens participation, and cultivates a resilient, committed community over time.
Disclaimer
THIS COMMUNICATION IS FOR INFORMATIONAL PURPOSES ONLY AND DOES NOT CONSTITUTE AN OFFER, SOLICITATION, OR RECOMMENDATION TO SELL, PURCHASE, OR OTHERWISE ENGAGE IN ANY TRANSACTION INVOLVING TOKENS, SECURITIES, OR OTHER FINANCIAL INSTRUMENTS. YOU SHOULD NOT RELY ON THE INFORMATION PROVIDED HEREIN AS LEGAL, FINANCIAL, INVESTMENT, TAX, OR PROFESSIONAL ADVICE. IT IS NOT A SUBSTITUTE FOR CONSULTING QUALIFIED PROFESSIONALS OR CONDUCTING YOUR OWN INDEPENDENT RESEARCH.
ANY STATEMENTS REGARDING FUTURE EVENTS, PROJECTIONS, OR ANTICIPATED RESULTS ARE HYPOTHETICAL, FORWARD-LOOKING, AND ILLUSTRATIVE ONLY. THEY ARE NOT GUARANTEED, MAY CHANGE WITHOUT NOTICE, AND ACTUAL OUTCOMES MAY DIFFER MATERIALLY. BOB LABS INC. AND/OR THE “BOB GROUP” MAKE NO REPRESENTATION OR WARRANTY, EXPRESS OR IMPLIED, AS TO THE ACCURACY, COMPLETENESS, RELIABILITY, OR VALIDITY OF THE INFORMATION CONTAINED HEREIN. ALL INFORMATION IS PROVIDED STRICTLY “AS IS” AND MAY BE REVISED, UPDATED, OR WITHDRAWN AT ANY TIME WITHOUT NOTICE.
