A notable event for Bitcoin DeFi has just occurred: BOB has launched its BitVM Bridge on the testnet, working with Fiamma Labs to accomplish this. The bridge now exists and is functional, serving as a pathway for Bitcoin to flow in and out of the Ethereum network. The bridge aims to allow Bitcoin deposits and withdrawals to be executed in a way that doesn’t require users to trust a third-party service. That is, the bridge allows for Bitcoin to move into and out of the Ethereum network trust-minimized. The new bridge is integrated with BOB’s intents-based swap system, allowing for
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