BOB Announces Joining Chainlink’s Scale Initiative, Driving BTCFi’s Adoption of Chainlink Data StandardsRecommended Arti

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Additionally, as part of this initiative, highly reliable, secure, and decentralized Chainlink Data Feeds are now live on the BOB Network. Developers can now leverage the institutional-scale Chainlink Data Feeds system to secure their project cold launches. BOB’s inclusion in Chainlink Scale will unlock new use cases for both ecosystems and inject new growth momentum into BOB’s Bitcoin DeFi ecosystem.

The Chainlink Scale initiative aims to provide the necessary infrastructure and specialized conditions for blockchain and Layer 2 development, offering developers low-cost, reliable Chainlink services, accelerating ecosystem growth and the long-term adoption of BOB. As part of this initiative, Chainlink oracle nodes will provide the network with a wide range of data feeds—covering various asset classes, from price data to proof of reserves, as well as other essential oracle services. Earlier this year, BOB announced the integration of the Chainlink CCIP protocol as the standardized cross-chain infrastructure for its native assets, in addition to supporting USDC and now Open USDT.

BOB is a new hybrid public blockchain powered by Bitcoin’s underlying security architecture: a hybrid ZK Rollup based on Ethereum. All applications, assets, and transactions on the BOB network are backed by billions of dollars worth of staked Bitcoin. This unique model combines the strengths of Bitcoin and Ethereum networks, providing an optimal entry point for Bitcoin DeFi, allowing Bitcoin holders to earn interest on their Bitcoin in the simplest and most secure way.

BOB chose Chainlink Data Feeds because it provides many key features, such as:

Highly reliable and secure infrastructure: Chainlink Data Feeds are powered by an independent, reputable, and geographically distributed network of node operators to ensure high reliability.
Unmanipulated, high-quality data sources: Data comes from multiple authenticated, high-quality APIs that aggregate into verified answers, eliminating any single point of failure.
Institutional-grade security: Sybil-resistant node operators run time-tested and security-audited software that has been in operation for years and has helped protect tens of billions of dollars.
Leading Track Record: Chainlink’s node and oracle network has facilitated tens of trillions of dollars in transactions, with a proven track record of delivering timely price updates even under extreme network congestion.
Highly Transparent: A robust and publicly available reputation framework and on-chain monitoring tools allow users to independently verify the historical performance of node operators and oracle networks, and view real-time prices.

“I’m very excited to join Chainlink Scale and work with Chainlink to advance the development of the BTCFi industry. We believe that Bitcoin DeFi is the biggest opportunity in a decade, and working with top partners like Chainlink is key to unlocking the trillion-dollar potential of the Bitcoin interest-bearing market. By adopting the Chainlink data standard and providing Chainlink data sources on BOB, developers can now build highly secure and reliable markets at a low cost, thereby promoting the development of our ecosystem, which will greatly help us push Bitcoin DeFi into the mainstream.” said Alexei Zamyatin, co-founder of BOB.

Johann Eid, Chief Business Officer of Chainlink Labs, said, “BOB’s joining Chainlink Scale and adopting the Chainlink standard is a major step for developers to build high-performance on-chain applications, which will unlock the enormous potential of BTCFi. By leveraging Chainlink infrastructure, BOB is not only accelerating the growth of its own ecosystem, but also driving the broader shift towards a global financial system driven by blockchain technology.”

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