@BounceBit The user deposits with a licensed custodian, and receives $BB which can be used in storage and restaking operations to secure the network and earn revenues. The protocol supports compatibility with the Ethereum Virtual Machine (EVM), allowing for easy deployment of smart contracts. BounceBit

Restaking allows pledged assets to be utilized across multiple protocols to increase returns. Liquid Custody ensures that assets remain liquid while being held, allowing for their use in strategies. An interactive on-chain space enables users to create DeFi applications without the need to write code. Support for Real World Assets (RWAs) is planned to integrate real-world assets into its ecosystem.

The currency $BB and bbtc$ are used for storage, gas fee payments, governance, and participation in high-yield products. The maximum supply is 2.1 billion tokens as a symbolic nod to 21 million Bitcoin #BounceBitPrime .

It uses a dual-token system:

$BB is a Bitcoin-pegged token at a 1:1 ratio and is the native token of the BounceBit chain.

Prime availability for institutional yield strategies on-chain. Integrated collaboration with custodians and financial fund managers such as BlackRock and Franklin Templeton, providing users with direct access to returns from real-world assets tokenized in a compliant manner.