Product of Buckshot Capital, a private DeFi fund.
Active cryptocurrency traders face a fundamental friction in converting their DeFi trading profits into real-world spending power. Despite generating significant returns on platforms like Hyperliquid, traders struggle with the multi-step, technically complex process of withdrawing capital to traditional payment systems.
The current withdrawal process is painfully manual: traders must monitor their positions, determine optimal withdrawal timing, navigate multiple interfaces to bridge tokens across chains, handle gas fee management across different networks, and manually trigger transfers to their payment cards. This process often takes hours and requires constant attention, preventing traders from focusing on what they do best - trading.
The target market represents active traders conducting $500-1000+ in monthly withdrawals, a segment that generates substantial trading volume but lacks automated capital management tools. These users are sophisticated enough to value automation but frustrated by the technical overhead of current solutions.
Our platform provides a fully automated bridge between Hyperliquid exchange and Gnosis Pay cards, enabling traders to set minimum capital thresholds and withdrawal amounts, then let the system handle everything automatically. The core user experience is elegantly simple: connect your Hyperliquid account and Gnosis Pay card, set your parameters, and the platform continuously monitors your balance and executes withdrawals when thresholds are met.
The technical architecture leverages cutting-edge innovations to deliver enterprise-grade security with minimal regulatory friction. Users maintain control of their source wallets (Hyperliquid & Arbitrum One) and destination wallets (Gnosis Pay Safe), while our platform provides the automated bridging infrastructure. The system automatically handles token swapping via deBridge, optimizes for bridge and conversion fees, and delivers funds directly to users’ Gnosis Pay cards for immediate real-world spending.
Key differentiators include our “set it and forget it” automation that eliminates manual intervention, enterprise-grade security architecture using isolated VMs and enclave-based signing, technical verification instead of traditional KYC processes, and user-exportable wallets that maintain the self-custody narrative crypto users value.
Our platform’s technical architecture represents a significant advancement in custodial security and user experience, built around three core innovations:
EIP-7702 Account Abstraction: We’ve implemented a custom EIP-7702 relay using our existing enclave signer infrastructure, enabling users to pay all transaction costs in USDC only - no ETH required. This eliminates the complexity of gas management while maintaining full transparency, as all bridging and swapping operations are visible on-chain through user-controlled Account Abstraction wallets.
Enclave-Based Security: Our custom Rust-based custodial wallet solution operates within isolated, networkless VMs using QEMU/Firecracker architecture. These VMs communicate exclusively via vsock and gRPC, with memory safety ensured through zeroizing, constant-time operations and later hardware-level memory encryption. Private keys are encrypted at-rest and transported via ECIES/RSA-OAEP to the signing service or to user on-demand, while per-user PRNG-generated wallets eliminate the architectural complexity of HD wallet schemes.
Minimal Custody Model: Rather than traditional custodial approaches, our architecture implements “flow-through processing.” Custodial wallets only handle technical necessities (Hyperliquid withdrawals), while all user-facing operations execute through EIP-7702 AA wallets. This design minimizes our custodial footprint for regulatory compliance while maintaining operational efficiency.
The gas management solution uses a custom relay contract approach where users sign gasless ERC-2612 permits for USDC transfers. The contract uses Chainlink oracles for ETH price feeds, calculates gas costs in USDC terms, performs atomic USDC-to-ETH swaps for exact gas requirements, and executes deBridge transactions - all while eliminating the need for ETH pre-funding and associated drainage risks.
The intersection of DeFi trading and traditional payment systems represents a rapidly expanding market driven by institutional adoption and regulatory clarity. Our target customers are active traders conducting $500-1000+ monthly withdrawals - users sophisticated enough to generate consistent DeFi profits but seeking automated capital management solutions.
Our technical verification approach using SIWE (Sign-In With Ethereum) and Gnosis Pay API integration enables KYCless operation while maintaining compliance.