Veterans in the crypto space know that holding Bitcoin means just holding it. To earn money, you either stake it or take the risk of trading contracts. But BounceBit's BB token wants to introduce something new—allowing Bitcoin to earn interest like a bank deposit while stacking multiple sources of income. This operation has left old players dumbfounded.
When you transfer BTC here, it will become BBTC (a wrapped coin pegged to BTC), and then you can enjoy three sources of income at the same time: first, a fixed interest similar to CeFi, such as the money from exchange arbitrage; second, rewards from on-chain node validation; third, additional income from lending and market making in DeFi. Essentially, with one BTC, you can do three jobs; who wouldn't be tempted by such cost-effectiveness?
The most amazing part is its strong relationship with Binance; it's both a Megadrop launch and an investment from Binance Labs, so there's no worry about traffic and liquidity. Now that there are so many Bitcoin holders, who doesn't want their coins to earn more money? BB has captured this pain point, which is why it quickly achieved over $500 million in TVL after launch.
This wave of turning Bitcoin from a 'dead asset' into a 'money tree' indeed has some substance.
@BounceBit #BounceBitPrime $BB