BOB is an everyday stablecoin designed for everyday users. Optimized for use cases like salary payments and remittances, BOB offers predictability, safety, and cash-like usability.
Stablecoins like BOB offer a solution to the volatility that is often associated with cryptocurrencies.
BOB is intended for everyday use when stability is important, such as sending and receiving a salary, transferring money abroad, fundraising, or purchasing goods and services.
With BOB, affordable and predictable transactions are processed world-wide within minutes.
Mechanisms such as idle capital compounding, fee surplus collection, and lost token retrieval allow the BOB protocol to support operations while optimizing costs and features for users. 100% on-chain collateral and a transparent process for maintaining stability make BOB the reliable choice for anyone looking to securely transfer value on the blockchain.
LEARN MOREWhen paired with zkBob, BOB becomes a powerful privacy-enhanced stablecoin.
BOB maintains its stable value thanks to something called “concentrated liquidity.” Introduced in Uniswap v3, this concept allows liquidity to be provided in very narrow ranges. In the case of BOB, BOB inventory liquidity is paired with other well-known stable tokens (predominantly USDC) and provided to Uniswap v3.
Since USDC/BOB liquidity is only provided within an extremely tight range, BOB remains stable relative to USDC within that small window. The primary risk to stabilization is related to paired stablecoins, for example if USDC were to lose its peg BOB stability could also be impacted. Parameter tuning and dynamic pricing algorithms are in development to further protect BOB stability.
BOB inventory levels are managed via a streamlined governance and multisig approval process. A governance proposal to adjust inventory is discussed and approved/denied by the acting governance board. Note that BOB is still in beta and a wider and more decentralized governance process is planned for the future.
New BOB is added or removed from inventory based on current supply and anticipated demand. BOB stored in inventory is not in active circulation, only BOB which has been purchased from the inventory is in active circulation. All BOB in active circulation is backed 1x1 by stable assets used to purchase it from inventory.
Yes! ChainSecurity delivered their security audit of BOB and zkBob contracts on January 5, 2023. It is available here -> https://chainsecurity.com/security-audit/zkbob-smart-contracts/
BOB is currently available on Polygon, Optimism, Arbitrum, Ethereum, and Binance Smart Chain. Future governance decisions will determine if BOB is added to additional chains. The contract address for BOB is the same on every chain where it is deployed: 0xB0B195aEFA3650A6908f15CdaC7D92F8a5791B0B
zkBob is currently only available on Polygon. If you wish to use zkBob, you can bridge BOB from other chains to Polygon using Li.Fi.
BOB is a stablecoin built for everyday transactions. It can be used similarly to USDC, Tether, DAI and other stables to preserve value and avoid volatility.
zkBob is a standalone application for private transactions. It only accepts BOB, which gives BOB an optional privacy advantage for use cases like private salary, anonymous donations, DAO payments and more. When used with zkBob, BOB transfers are completely private. See zkbob.com for more information
If your project is interested in integrating BOB, contact us for more information.
For franchise opportunities designed to increase BOB decentralization on new networks, please get in touch. BOB infrastructure can be fully setup and deployed while the network itself manages all operations, providing a unique protocol-to-protocol revenue sharing model.
BOB is an everyday stable token with added functionality including private payments, CDP minting, and more.
Whether you are an individual investor or a venture capital firm, we have a range of options available to suit your needs.
If you are interested in learning more about BOB ecosystem investment opportunities, please fill out the form. A member of our team will be in touch with you shortly to discuss further.
Thank you for your interest in BOB, we look forward to working with you!
