@BounceBit @BounceBit bounce_bit, #BounceBitPrime and $BB
bounce_bit is pioneering the CeDeFi (Centralized Decentralized Finance) paradigm, creating a unique ecosystem that empowers Bitcoin holders to earn yield and participate in a broader range of financial activities. It acts as the first native BTC Restaking Chain, effectively transforming Bitcoin from a passive store of value into an active, yield-generating asset.
At its core, BounceBit operates on a Dual-Token Proof of Stake (PoS) consensus mechanism, where network validators stake both native Bitcoin (BBTC) and BounceBit's own utility token, $BB. This innovative approach enhances network security and stability by leveraging the inherent strength of Bitcoin while providing flexibility and governance through $BB.