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BOB Gateway

Overview​

BOB Gateway is a Bitcoin intent bridge that unlocks Bitcoin liquidity by reducing the number of steps to onboard users, saving time and money. Users can go from BTC on Bitcoin to staked BTC LSTs with a single Bitcoin transaction.

Our SDK makes it possible for you to bring this UX directly into your app.

How Gateway Works​

  1. Liquidity providers (LPs) temporarily lock wrapped Bitcoin (WBTC or tBTC) in escrow smart contracts on BOB.
  2. A user makes a request for wrapped or staked Bitcoin (e.g. WBTC, tBTC, or a Bitcoin LST/LRT).
  3. The user sends BTC to the liquidity provider's Bitcoin address. A hash of the user's order is included in the OP_RETURN of the transaction.
  4. Gateway finalizes the transaction. After trustlessly verifying the user's Bitcoin transaction with an on-chain Light Client, Gateway sends the LP's wrapped Bitcoin to the user's EVM address. If the user requested a Bitcoin LST/LRT, that token is minted using the LP's wrapped Bitcoin before it is sent to the user.

This SDK makes it possible to do steps 2, 3, and 4 in your application's front end.

Step-by-Step Integration Guide​

This is an example implementation of our SDK. You will need to decide how you handle asking your user to sign a partially-signed Bitcoin transaction (PSBT). We recommend using our sats-wagmi package to connect to your users' wallets.

Staking only on testnet

BOB Gateway's newest functionality (i.e. staking for LSTs) is only available on testnet. We will update this page once mainnet is upgraded.

Install the BOB SDK​

Add @gobob/bob-sdk to your project using your preferred package manager.

npm install @gobob/bob-sdk

Initialize the API Client​

Import the GatewaySDK class from @gobob/bob-sdk and create an instance of it.

/src/utils/gateway.ts
import { GatewayQuoteParams, GatewaySDK } from "@gobob/bob-sdk";

const gatewaySDK = new GatewaySDK("bob"); // or "bob-sepolia"

Get Available Tokens​

Returns an array of available output tokens for you to offer the user. Typically rendered as a drop-down menu. See our SDK's source code for type information.

const outputTokens = await gatewaySDK.getTokens();

Get a Quote​

Call the getQuote method with your quoteParams. Example values shown here.

Updating the quote

We recommend rendering quote.fee and its other fields for a clear UX. You can update the quote dynamically, such as with the onChange event.

const quoteParams: GatewayQuoteParams = {
  fromToken: "BTC",
  fromChain: "Bitcoin",
  fromUserAddress: "bc1qafk4yhqvj4wep57m62dgrmutldusqde8adh20d",
  toChain: "BOB",
  toUserAddress: "0x2D2E86236a5bC1c8a5e5499C517E17Fb88Dbc18c",
  toToken: "tBTC", // or e.g. "SolvBTC"
  amount: 10000000, // 0.1 BTC
  gasRefill: 10000, // 0.0001 BTC. The amount of BTC to swap for ETH for tx fees.
};

const quote = await gatewaySDK.getQuote(quoteParams);

Get available staking or lending contracts​

The SDK will handle automatically when the toToken has a fungible ERC20 token, but sometimes there is no representation. In that case we can list the available integrations and specify that in the quote.

const strategies = await gatewaySDK.getStrategies();
const strategy = strategies.find(contract => contract.integration.name === "pell-wbtc")!;
const quoteParamsStaking: GatewayQuoteParams = {
  ...quoteParams,
  toChain: strategy.chain.chainId,
  toToken: strategy.inputToken.symbol, // "wbtc"
  strategyAddress: strategy.address,
};

Start the Order​

This locks in the quote, placing a hold on the LP's funds. Pass the same quoteParams as before and the quote returned from the previous step.

Returns a uuid for the order and psbtBase64, a partially-signed Bitcoin transaction (PSBT) the user must sign.

const { uuid, psbtBase64 } = await gatewaySDK.startOrder(quote, quoteParams);

Sign the Bitcoin Transaction​

Create a Bitcoin transaction that sends the quoted amount of BTC to the LP's bitcoinAddress. This also publishes a hash of the order's parameters in the OP_RETURN of the transaction so the Gateway can trustlessly verify the order on BOB.

Please follow the guide here to install and use sats-wagmi. In this example, we sign the psbtBase64 using sats-wagmi which abstracts the complex wallet logic for multiple connectors (including OKX, UniSat and Xverse). It is also possible to directly use the useSendGatewayTransaction hook, example below.

const { uuid, psbtBase64 } = await gatewaySDK.startOrder(quote, quoteParams);
const bitcoinTxHex = await connector.signAllInputs(psbtBase64!);
await gatewaySDK.finalizeOrder(uuid, bitcoinTxHex);

Finalize the Order​

Submit the Bitcoin transaction as proof of transfer. This completes the process by transferring wrapped Bitcoin and ETH to the user's EVM address on BOB.

Gateway can broadcast the Bitcoin transaction to the mempool; you can pass the transaction to the SDK without broadcasting from the user's wallet.

// NOTE: Gateway broadcasts the transaction
await gatewaySDK.finalizeOrder(uuid, tx.hex);

Monitor the User's Orders​

Get an array of pending and completed orders for a specific EVM address. Typically rendered in a table.

const orders = await gatewaySDK.getOrders(userAddress);

Example - sats-wagmi​

Gateway.tsx
loading...

Conclusion​

BOB Gateway enables staking, swapping, lending, and bridging Bitcoin with a single transaction. The BOB SDK makes it possible for you to bring Gateway and Bitcoin LSTs directly to your users.

See the Code References below for a deeper look at the SDK and an example implementation file.

You're always welcome to reach out to us with questions, feedback, or ideas. We look forward to seeing what you Build on Bitcoin!

Security and Trust Assumptions​

The protocol requires zero trust between the market makers and users because it utilizes atomic cross-chain swaps. The verification of the Bitcoin transaction is performed cryptographically by an on-chain Bitcoin Light Client, making the swap trustless between both parties.

Furthermore, infrastructure run by the BOB team never has access to the market markers' tBTC, wBTC, or ETH funds stored in their smart contracts. The user interface and server manage order flow to prevent liquidity sniping and user errors (e.g. sending BTC without sufficient liquidity being available), but neither the front end or back end ever have access to users' or market makers' funds.

The code has been audited by Pashov and Common Prefix

Code References​

  • bob/sdk/src/gateway/client.ts: API client code (GitHub)
  • bob/sdk/examples/gateway.ts: example client-side implementation (GitHub)