Introduction to Big Bank and Token Migration
• BounceBit has recently completed a major upgrade to V3, rebranding as "Big Bank," which includes migrating V2 CeDeFi Earn positions to new yield-embedded V3 BB-tokens on a 1:1 basis.
• Users holding V2 positions such as BBTC, BBUSD, BBETH, BBNB, or BBSOL can now stake these V3 BB-tokens to continue earning staking rewards in stBB at approximately 6% APR, on top of the underlying strategy yields.
Staking Rewards and Ecosystem Integration
• To help offset gas costs for staking on the BounceBit Chain, an airdrop of 0.1 BB tokens has been distributed to eligible wallets.
• The new BB tokens are interest-bearing and rebase automatically, increasing token balances as earnings accumulate.
• This migration and staking process is part of BounceBit's integration of perpetual DEX and liquidity pools directly into its protocol, delivering faster transaction speeds and innovative layered yield opportunities combining CeFi and DeFi elements .
Summary of Key Changes and User Benefits
• Here is a concise article summary based on the above information:BounceBit V2 to V3 Migration and Staking UpdateBounceBit's latest V3 upgrade, called "Big Bank," brings a significant innovation to the CeDeFi landscape by migrating all V2 CeDeFi Earn positions 1:1 into newly introduced yield-bearing V3 BB-tokens.
• These tokens (including BBTC, BBUSD, BBETH, BBNB, and BBSOL) automatically accumulate earnings via a rebasing mechanism, simplifying the yield experience for users.
• To continue earning attractive stBB rewards at around 6% APR in addition to underlying strategy yields, users are encouraged to stake their rebased V3 tokens on the BounceBit Chain.
• This staking step is essential to secure ongoing rewards and participate actively in the ecosystem.
• Recognizing gas cost concerns, BounceBit has airdropped 0.1 BB tokens to eligible wallets to cover the necessary fees for staking.
Airdrop for Transition
• This airdrop supports users in transitioning smoothly to the new protocol standard.
V3 Upgrade Features
• The V3 upgrade also includes native integration of a perpetual contract DEX and liquidity pools, offering faster transaction times and a robust yield environment powered by a dual-token PoS design.
Innovation and Bitcoin Utility
• BounceBit continues to innovate by combining centralized finance-level security with decentralized finance composability, maximizing Bitcoin utility and yield options for users .
Customization and Optimization
• This article can be further expanded or customized as needed for your campaign or platform posts.
• Let me know if you want it optimized for social media or Binance Square!
@BounceBit #BounceBitPrime #bouncebit $BB