BounceBit is a re-staking project built on the Bitcoin ecosystem, with a core mission to **transform Bitcoin from a passive holding asset into an active capital that generates continuous returns**. By creating a unique hybrid system of CeFi (Centralized Finance) and DeFi (Decentralized Finance), @BounceBit provides BTC holders with multi-layered income opportunities.

Unlike traditional thinking, BounceBit is not a Bitcoin Layer 2, but rather a **Layer 1 network that employs a dual-token PoS consensus mechanism**, maintained by $BBTC (the liquidity custody token for BTC on this chain) and the native token $BB, while being fully compatible with the EVM environment (Gas is paid in $BB).

This architecture gives BounceBit a unique position within the Bitcoin ecosystem: it retains the security of the Bitcoin network while gaining the flexibility of smart contracts. #BounceBitPrimeBB