Bridging Collateral to BOB Network

Ensure your wallet has sufficient ETH for transaction fees. You can fund your wallet on BOB by transferring tBTC or ETH from the Ethereum Mainnet.

Note: The minimum amount to mint thUSD on BOB is $2,000 ($1,800 minimum debt + $200 liquidation reserve) worth of tBTC or ETH + transaction fees.

Preparation

1. Set up Wallet:

   • Ensure you have a wallet connected to the Ethereum Mainnet with sufficient tBTC or ETH for bridging.

Bridging Process

1. Access Bridge Interface:

   • Navigate to the BOB bridge interface at app.gobob.xyz/bridge.

2. Connect Wallet:

   • Connect your wallet on the Ethereum Mainnet network to the bridge interface.

3. Select tBTC or ETH:

   • Choose tBTC or ETH as the asset you want to bridge.

4. Enter Amount:

   • Specify the amount of tBTC or ETH you want to bridge.

5. Confirm Transaction:

   • Review the transaction details, including fees, and confirm the transaction.

6. Authorize Transaction:

   • Approve the transaction in your wallet.

7. Wait for Confirmation:

   • Wait for the transaction to be confirmed on the Ethereum blockchain.

8. Verify Receipt:

   • Once confirmed, check your wallet on the BOB Network to verify the receipt of the bridged tBTC or ETH.

Note: When bridging assets back from the BOB Network, please know that the process can take up to 7 days.