BounceBit is the world's first Bitcoin Restaking platform, leveraging a CEFi + DeFi hybrid architecture to unlock Bitcoin capital efficiency. Users can deposit BTC to receive a 1:1 wrapped asset BBTC, which can be staked to earn returns (up to 15% annualized), while retaining the native value of BTC. Its core innovations include:
Dual-token model: Governance token BB (total supply of 2.1 billion) is used for staking governance and fee discounts; stablecoin BBUSD supports ecological payments.
Multi-layer security: Built on Binance custody, Mainnet Digital, and its own validation nodes to create a 'vault,' combined with EigenLayer's Active Validation Service (AVS) to ensure asset security.
Ecological explosion: Mainnet launched in March 2025, with TVL exceeding $1 billion, and airdropped tokens accounting for 8% of the total supply (over 500,000 addresses participated).
The project has secured $6 million in funding, with partners including Binance Labs, blockchain security firm PeckShield, among others, driving the transformation of Bitcoin from a 'storage asset' to a 'yield-bearing asset', but facing intensified competition in the restaking arena and regulatory compliance challenges. #bouncebit $BB @BounceBit