BounceBit is an innovative blockchain platform that allows Bitcoin holders to earn yield on their BTC in a secure and regulated way. It bridges the gap between centralized finance (CeFi) and decentralized finance (DeFi) through a hybrid model known as CeDeFi.
In Short:
Main function: Enables users to restake their Bitcoin (or wrapped BTC) to earn rewards.
Two key tokens:
BB: The native token used for staking, governance, and network fees.
BBTC / LCT: A tokenized version of BTC held in regulated custody.
Dual-token Proof of Stake (PoS): Users stake both BB and BBTC to secure the network and earn yield.
EVM-Compatible: Developers can build Ethereum-compatible DeFi apps on the BounceBit chain.
BounceBit Prime: A CeDeFi platform for structured investment products, real-world assets (RWA), and auto-compounding vaults.
Core Purpose:
To make Bitcoin more productive without selling it or moving it off-chain—while maintaining safety through regulated custodians.
Summary:
BounceBit is a powerful bridge between Bitcoin and DeFi, allowing BTC holders to generate passive income while staying within a secure, institution-grade financial framework.
