Bitcoin has always been seen as store of value but with BounceBit your btc can do more it can earn yield be restaked help secure networks and still keep its core strengths that is the vision of
@BounceBit a new project mixing cefi and defi to unlock more from bitcoin
what is BounceBit
launched in 2024 BounceBit is built around bitcoin restaking instead of btc sitting idle holders can put it to work in validating securing and supporting networks while keeping bitcoin exposure
BounceBit is a layer 1 chain evm compatible combining proof of stake with a dual token system validators stake btc or its pegged version bbtc together with
$BB the native token this dual staking secures the network
a key feature is its cefi plus defi hybrid BounceBit uses regulated custody providers like Mainnet Digital and Ceffu for asset safety while building defi style yield opportunities on top giving both institutional grade security and defi level flexibility
token and economics
max supply of
$BB is 21 billion initial circulating was about 4095 million near 195 percent of total at launch
Binance megadrop distributed 8 percent about 168 million
$BB to early users through quests locked products and web3 tasks
uses of BB include staking gas fees rewards incentives and governance
key features
1 restaking with shared security clients validators bridges and oracles benefit from btc restaking making the network more resilient
2 earn yield on bitcoin without losing liquidity with bbtc and other tools users keep flexibility while earning
3 regulated custody plus safety layers bringing trust for users cautious of risky defi
4 early access and awareness through Binance megadrop growing user base fast
risks
security phishing risks fake sites appeared around mainnet launch users must stay vigilant
new project uncertainty BounceBit launched in 2024 so track record is short adoption and stability will need time
regulatory exposure since it mixes cefi and defi changing laws could impact operations
yield risks users must consider how yields are generated and sustainability
what’s happened so far
BounceBit raised 6 million usd seed funding led by Blockchain Capital and Breyer Capital
testnet launched early 2024 mainnet followed with token airdrop
BounceBit v2 and BounceClub are coming with ecosystem expansion into defi ai gaming and better user tools
who benefits
btc holders seeking yield without losing exposure or custody
crypto users who want both regulated safety and defi innovation
explorers of new chains and restaking technologies
who should be careful
risk averse users who don’t trust new protocols yet
users in unclear regulatory zones
anyone expecting fast unsustainable returns
@BounceBit #BounceBitPrim