Connect with us

Technology

BOB Leads the Next Era of Bitcoin DeFi with the Launch of Hybrid BTC Yield Products

Published

on

BOB solidifies its position as the ideal home for Bitcoin DeFi, pioneering a seamless and secure way to access Bitcoin yield across multiple chains. First partners include Veda, Euler & Lombard.

LONDON, Feb. 27, 2025 /PRNewswire/ — BOB (“Build on Bitcoin“), a hybrid Layer-2 combining the security of Bitcoin with Ethereum‘s DeFi innovation, is introducing a series of Hybrid BTC yield products, creating the first-ever multi-chain BTC-yield layer. This hallmark innovation will allow users to deposit assets into managed vaults on the BOB network, and seamlessly collect Bitcoin yield from other chains. With Bitcoin finality rolling out on BOB mainnet in the near future, there will be no need for anyone to compromise on security in the pursuit of Bitcoin yield, further solidifying BOB’s position as the ideal home for Bitcoin DeFi. BOB’s initial partners for launching Hybrid BTC are Veda, Euler, Lombard, Gamma, Oku and Hourglass.

The HybridBTC.pendle vault, the first in a series of planned products, was created in partnership with Veda to access Bitcoin yield on Ethereum and return it to users on BOB in the form of BTC. Veda, which has grown to more than $3 billion in TVL, builds consumer-grade DeFi yield products and plays a crucial role in deploying and managing these vaults.

BOB’s unique Hybrid L2 model means that the network, the bridges, and all transactions involved in Hybrid BTC will be secured by Bitcoin. This provides users with an unmatched level of security, simplicity, and Bitcoin alignment, adhering to core principles of security, decentralisation, and trust minimisation. The Hybrid BTC vaults will also streamline access to diverse Bitcoin yield sources, enabling users to maximise BTC yield without needing to navigate different interfaces or wallets. Lombard’s LBTC will be accepted as an underlying asset for the new vaults, providing additional utility to the $1.8B TVL Bitcoin liquid staking token (LST). More vaults are planned to access yield on chains including Solana, BNB, Base, Move and Berachain.

Alexei Zamyatin, BOB Co-Founder and BitVM Core Contributor said: “As a Hybrid L2, BOB is building the first multi-chain yield layer for Bitcoin. Thanks to our unique hybrid L2 model, BOB will be the best place to earn yield on Bitcoin, with the safest connections to other chains. HybridBTC.pendle is the first of many Hybrid BTC yield products, allowing anyone to do what whales are doing at scale on Ethereum, but without high gas fees and without needing to manually create and manage these positions.”

Zamyatin added: “Hybrid BTC is a very powerful Bitcoin DeFi tool and will position BOB as the home for L1 and L2 chains to acquire BTC liquidity. Because BOB has Bitcoin security, other chains only need to check and trust Bitcoin to see that BOB is secure. That is an easy task for every smart contract chain, so the potential reach of Hybrid BTC is large.”

Sun Raghupathi, Co-founder and CEO, Veda said: “2025 is shaping up to be a major year for Bitcoin DeFi. BOB’s Hybrid BTC model significantly enhances security and usability in the pursuit of Bitcoin yield. At Veda, we’re committed to making DeFi seamless and bringing every asset on-chain. Partnering with projects like BOB allows us to push that vision further and make DeFi‘s benefits more accessible to a wider audience.”

Yield Bearing Assets

These cross-chain yield positions are tokenised on BOB into yield-bearing assets (YBAs), which can be utilised in DeFi applications on BOB. HybridBTC.pendle is already integrated with Euler v2 and Hourglass, which also launched on BOB today.

Euler is a flexible decentralised lending and borrowing platform that enables users to leverage their HybridBTC.pendle positions. Euler’s permissionless design makes it a powerful tool for DeFi users seeking efficient BTC liquidity management. Hourglass provides leveraged airdrop farming.

To support the growth of HybridBTC.pendle and Bitcoin DeFi in general, BOB has launched BOB Rise, a DeFi campaign allocating 750,000 OP tokens from Optimism Grant Season 6. The initiative aims to enhance BTC liquidity provision while facilitating lending and borrowing of Bitcoin liquid staking tokens (LSTs) and the new YBAs.

Michael Bentley, CEO at Euler said: “With the launch of Euler v2 on BOB, we’re excited to provide Bitcoin holders with a secure way to put their Bitcoin to work. Allowing users the ability to use HybridBTC.pendle as collateral unlocks new capabilities for leverage and liquidity management. We’re proud to be part of a new era in innovation, and work with BOB to provide a major step forward for DeFi solutions on Bitcoin.”

About BOB (“Build on Bitcoin“)

BOB (“Build on Bitcoin“) is a Hybrid Layer-2 blockchain that combines the best of Bitcoin and Ethereum to create the home for Bitcoin DeFi. The unique Hybrid L2 model merges the strengths of both ecosystems—Bitcoin‘s security and dormant capital, with Ethereum‘s DeFi innovation and versatility. By positioning BTC as the backbone of a new decentralised finance system, BOB can unlock new use cases and trillions in BTC liquidity. BOB uses BitVM to inherit security from Bitcoin and create trust-minimized bridges between BOB, Bitcoin, Ethereum, and other L1s. As a result, the Hybrid L2 does not need to rely on third-party bridges for interoperability, concentrating liquidity around Bitcoin instead of fragmenting it across chains. BOB is backed by leading investors such as Castle Island Ventures, Coinbase Ventures, Ledger Cathay Ventures, and IOSG.

Website | Twitter | Discord | Telegram

About Veda

Veda is the leading DeFi vault platform, enabling crypto applications, asset issuers, and protocols to build consumer-grade cross chain yield products. Veda’s technology powers many of DeFi‘s largest vault products, including ether.fi Liquid, Lombard DeFi Vault, and Mantle cmETH. More than 100k depositors trust Veda with ~$3B of assets.

Website | Twitter | Discord | Telegram

About Euler

Euler revolutionizes DeFi by letting any asset become collateral for a lending market. Lenders and borrowers get market leading risk-adjusted rates. Builders can create and manage markets exactly how they want them, with institutional-grade security. For more information, visit euler.finance.

View original content:https://www.prnewswire.com/news-releases/bob-leads-the-next-era-of-bitcoin-defi-with-the-launch-of-hybrid-btc-yield-products-302387597.html

SOURCE BOB (“Build on Bitcoin”)

Continue Reading

Technology

3M announces collaboration with GSEO to advance Expanded Beam Optical manufacturing and development

Published

on

By

ST. PAUL, Minn., Oct. 19, 2026 /PRNewswire/ — 3M (NYSE: MMM) today announced a collaboration with Genius Electronic Optical Co., Ltd. (GSEO, Taiwan: 3406), an optical technology company, to advance technology development and manufacturing for 3M’s Expanded Beam Optical (EBO) solutions. In support of these efforts, 3M expects to make a strategic investment to acquire approximately 4.7% of GSEO’s common shares as part of the company’s private placement of newly issued shares, subject to customary closing conditions.

The collaboration brings together 3M’s EBO technology leadership, optical interconnect expertise, materials science, manufacturing scale and customer relationships with GSEO’s precision optics manufacturing capabilities and production scale. Together, the companies aim to support EBO commercialization and long-term capacity expansion to meet growing demand from hyperscale data centers and other advanced connectivity applications.

“3M is investing in capabilities and partnerships that can accelerate innovation for our customers,” said William Brown, 3M Chairman and CEO. “By selecting GSEO as a manufacturing partner and investing in the company, we are strengthening the path to scale next-generation optical connectivity solutions for high-performance data center infrastructure.”

GSEO’s existing precision optics manufacturing capabilities and technical development experience are expected to support manufacturing readiness for 3M’s EBO ferrules, co-packaged optics solutions and related optical interconnect applications. The collaboration is part of 3M’s broader EBO ecosystem strategy, which includes continued work with customers and partners across the optical interconnect market.

“GSEO is pleased to expand its relationship with 3M as we work together to advance optical interconnect solutions for next-generation data center infrastructure,” said Micro Kuo, GSEO CEO and President. “This collaboration brings together complementary technology and manufacturing strengths to support continued innovation and help meet the performance demands of high-growth connectivity markets.”

3M expects the strategic investment to close in the fourth quarter of 2026, subject to customary closing conditions.

Forward-Looking Statements
Certain statements in this release are considered “forward-looking statements” under the federal securities laws, including the Private Securities Litigation Reform Act of 1995, as amended, and are intended to enjoy the protection of those laws. Forward-looking statements may appear throughout this release and are typically identified by the words “aim,” “anticipate,” “believe,” “can,” “continue,” “could,” “estimate,” “evaluate,” “expect,” “forecast,” “future,” “goal,” “guidance,” “impact,” “initial,” “intend,” “likely,” “may,” “outlook,” “plan,” “possible,” “potential,” “predict,” “probable,” “project,” “seek,” “should,” “strategy,” “target,” “will,” “would,” and other words that are similar to, or have the opposite meanings of, those words. Forward-looking statements speak only as of the date they are made, 3M assumes no duty to update those statements, and readers are cautioned not to place undue reliance on any of those statements. Forward-looking statements are based on certain assumptions and expectations of future events and trends that are subject to risks and uncertainties, including those described in Part I, Item 1A, “Risk Factors” of 3M’s Form 10-K for the year ended December 31, 2025.

About 3M
3M (NYSE: MMM) is focused on transforming industries around the world by applying science and creating innovative, customer-focused solutions. Our multi-disciplinary team is working to solve tough customer problems by leveraging diverse technology platforms, differentiated capabilities, global footprint, and operational excellence. Discover how 3M is shaping the future at 3M.com/news.

Contacts
3M
Investor Contact:
Diane Farrow, 612-202-2449
Media Contact:
3MNews@mmm.com 

View original content to download multimedia:https://www.prnewswire.com/news-releases/3m-announces-collaboration-with-gseo-to-advance-expanded-beam-optical-manufacturing-and-development-302913170.html

SOURCE 3M Company

Continue Reading

Technology

Scott Vicknair Personal Injury Lawyers Announces Second Annual Operation Fur-Ever Home Pet Adoption Event at Lafreniere Park

Published

on

By

NEW ORLEANS, Oct. 19, 2026 /PRNewswire/ — Scott Vicknair Personal Injury Lawyers is excited to announce the return of its second annual Operation Fur-Ever Home, a free community pet adoption event taking place on Saturday, November 14, 2026, from 9:00 a.m. to 11:00 a.m. at Lafreniere Park in Metairie, Louisiana.

The free, family-friendly event will give attendees the opportunity to meet adoptable pets from local animal shelters, learn about responsible pet ownership, and potentially welcome a new furry companion into their homes. Those who preregister for the event will also be entered for a chance to win a Soundcore speaker and a free pet adoption.

“Last year’s event was everything we hoped it would be, and we are incredibly excited to bring Operation Fur-Ever Home back for a second year,” said David Vicknair, founding partner of Scott Vicknair Personal Injury Lawyers. “There is something special about watching a family meet a pet that could become part of their lives for years to come. We wanted to create another opportunity to make those connections while supporting the organizations that work tirelessly to care for animals in our community.”

Building on the success of the first event, this year’s event continues the firm’s commitment to supporting local animal shelters and creating meaningful opportunities for families throughout Southeast Louisiana.

“Giving back to our community has always been an important part of who we are as a firm,” said Vicknair. “Whether we are helping students prepare for school, recognizing deserving teachers, or supporting local animal shelters, our goal is to make a positive difference in the communities we serve.”

Operation Fur-Ever Home is free and open to the public. Families, animal lovers, and anyone interested in adopting a pet are encouraged to attend and preregister.

About Scott Vicknair Personal Injury Lawyers

Scott Vicknair Personal Injury Lawyers is a New Orleans-based personal injury firm committed to providing exceptional legal representation while also investing in the communities it serves. Their experienced team of dedicated attorneys specializes in car accidents, personal injury, and wrongful death cases in New Orleans. With diverse personal and professional backgrounds, they craft legal strategies tailored to each client’s specific case and needs.

View original content:https://www.prnewswire.com/news-releases/scott-vicknair-personal-injury-lawyers-announces-second-annual-operation-fur-ever-home-pet-adoption-event-at-lafreniere-park-302913183.html

SOURCE Scott Vicknair Personal Injury Lawyers

Continue Reading

Technology

Can we produce low-cost omega-3s without relying on fish?

Published

on

By

GOLD COAST, Australia, Oct. 19, 2026 /PRNewswire/ — Southern Cross University researchers are aiming to halve the cost of producing omega-3 supplements to make these essential nutrients more accessible to pregnant women and infants in low-income countries, backed by the University’s first-ever grant from The Gates Foundation.

The research takes a novel approach: rather than relying on fish oil, the team is going closer to the original source of omega-3. Fish don’t produce omega-3 themselves – they accumulate it from marine microorganisms lower in the food chain.

Led by Professor Dirk Erler from Southern Cross University’s Faculty of Science and Engineering, the team is investigating how these naturally omega-3-producing microorganisms can be grown more cheaply through precision fermentation, including the use of agricultural and food-processing by-products as a source of fermentation sugar.

Omega-3 is an important nutrient during pregnancy and early life, supporting brain and nervous system development in babies. But the cost of supplements remains a significant barrier to access in many low-income countries.

“The main barrier for the uptake of omega-3s as supplements in pregnant women is the cost,” Professor Erler said.

“The whole objective of our project is to reduce that cost and make omega-3 supplements more available.”

The research team at Southern Cross University, which includes biomedical scientist Dr Nedeljka Rosic, Dr Shane McIntosh, postdoctoral researcher Dr Jasmine Haskell and PhD researcher Michael Ingram, is focused on growing omega-3-producing marine microorganisms known as thraustochytrids – or ‘throstys’ for short.

“By growing those microorganisms on land through precision fermentation, we have an alternative way of producing omega-3s that is both reliable and highly targeted,” Professor Erler said.

Precision fermentation allows the researchers to grow thraustochytrids under controlled conditions to produce omega-3 oils. The team is investigating whether expensive feedstocks used in the process can be replaced with lower-cost agricultural and food-processing by-products, helping drive down the overall cost of production.

The approach could also reduce reliance on wild-caught fish as a source of omega-3 oil and create a more reliable, scalable, and local supply.

For biomedical scientist Dr Nedeljka Rosic, the production challenge is ultimately about what greater access to omega-3 could mean for women and babies.

“As a biomedical scientist, my purpose is to find ways to use science to improve people’s health,” Dr Rosic said.

“This project is important because it aims to improve the health of pregnant women and children and reduce preterm births through simple dietary improvements.”

View original content to download multimedia:https://www.prnewswire.com/news-releases/can-we-produce-low-cost-omega-3s-without-relying-on-fish-302893631.html

SOURCE Southern Cross University

Continue Reading

Trending