BOB Gateway's custody model: who holds your BTC during a cross-chain swap
BOB Gateway describes itself as non-custodial, meaning it never pools user BTC in a company account, shared vault, or wrapped-token bridge. Custody still depends on swap direction. When swapping out of BTC, the user sends coins to a unique deposit address controlled by a single solver, which pays out or refunds to the user's supplied refund address. When swapping into BTC, the user's USDT sits in an on-chain escrow contract that releases to the solver only after a Bitcoin light client verifies the BTC payment. If the payout never lands, the escrow is returned after a configurable delay of 12 hours to 7 days, though BOB operates that refund rather than the user. The article notes that other designs, such as Garden Finance's hash time-locked contracts, make different trade-offs.
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