#BounceBitPrime $BB
BounceBit is a Bitcoin restaking protocol and native PoS blockchain that launched its mainnet in May 2024 and introduced the BB token via airdrop, with initial listings on KuCoin and Gate.io . It enables Bitcoin holders to stake wrapped BTC (e.g. WBTC or BTCB) alongside its native BB token, using a dual-token staking model that secures the network while allowing users to earn yield .
BounceBit operates as a CeDeFi platform—merging centralized custody with decentralized yield generation—and is compatible with the Ethereum Virtual Machine, making it developer-friendly and interoperable with Ethereum-based DeFi . As of mid‑May 2024, it reached around $448 million in total value locked (TVL) and raised $6 million in seed funding led by Blockchain Capital and Breyer Capital, with support from Binance Labs .
Users deposit BTC variants to receive BBTC, which can be delegated for staking and earn stBTC rewards—liquid staking derivatives that can be further utilized in DeFi protocols . BounceBit’s roadmap has since extended into real-world assets (RWAs), futures trading, and tokenized stocks via its xRWA launch in mid‑2025 .
In summary, BounceBit empowers Bitcoin holders to unlock active financial utility from idle BTC through restaking, composable DeFi use, and institutional-friendly products.
