February 22 Hot Project Summary @build_on_bob 1. Project Overview BOB (Build on Bitcoin) is an infrastructure project focused on unlocking the financial potential of Bitcoin. Its core positioning is to build an efficient on-chain financial system for the Bitcoin network, aiming to activate a vast amount of idle Bitcoin assets, allowing them to participate in collateral, lending, and earning activities in DeFi, thus transforming Bitcoin into usable productive capital. 2. Today's Highlights 1. Targeting Trillions in Idle Assets: The total market capitalization of Bitcoin exceeds $1.4 trillion, but the tweet points out that over 98% of the assets are in a "sleeping" state, with extremely low on-chain financial utilization. BOB directly targets this massive silent liquidity market. 2. Addressing Bitcoin's Core Contradiction: The tweet analyzes that there is a significant gap between Bitcoin's consensus as "digital gold" and its "actual use" scenarios. BOB is committed to resolving this contradiction by providing practical financial tools for Bitcoin. 3. Building Bitcoin's "Bank" Functionality: The project is likened to building a "bank" for Bitcoin, with core functions clearly defined as exchange, savings, and lending, aiming to provide traditional bank-like financial services but based on decentralized protocols. 4. Providing Fiat Exchange Channels: BOB plans to achieve seamless exchanges between Bitcoin and various on-chain assets as well as real-world fiat currencies, lowering the user entry barrier and enhancing Bitcoin's actual payment and circulation capabilities. 5. Earning Solutions for HODLers: The project allows users to earn interest through savings features without losing ownership of their Bitcoin, providing an additional source of passive income for long-term holders (HODLers). 6. Clear Collateral Lending Scenarios: Users can use Bitcoin as collateral to borrow stablecoins and other assets to meet short-term liquidity needs, with all rules executed through smart contracts, enhancing transparency and credibility. 7. Aligning with Bitcoin Ecosystem Development Trends: As Bitcoin consensus strengthens and ecosystems (such as Layer2, Runes, etc.) develop, the tweet suggests that some BTC will seek returns, and BOB's infrastructure aims to accommodate this potential demand. 8. Gaining Attention from Community KOLs: The project has garnered attention in the Chinese cryptocurrency community, with discussions positioning it as a key infrastructure to solve Bitcoin's practical application challenges, enhancing market visibility. 3. Key Data and Metrics According to the data cited in the tweet, the total market capitalization of Bitcoin is approximately $1.4 trillion, but the proportion that has truly entered the on-chain financial sector may be less than 1%. This highlights the enormous market base targeted by BOB and the significant potential for growth. 4. Project Risks (The tweet did not mention any specific risks, vulnerabilities, or security incidents, this section is omitted.) 1. Baili @Baili1018 points out that BOB aims to build Bitcoin into a usable financial system to address its massive market value but extremely low on-chain usage rate. 2. Prophet @Crypto_He suggests considering using Bitcoin ecosystem projects like BOB to generate returns on held BTC during a bull market, likening it to building a "bank" for Bitcoin.