$BB is the first native blockchain project focused on Bitcoin re-staking, aiming to unlock the liquidity and yield potential of Bitcoin. Its core innovation lies in the dual-token staking mechanism and hybrid financial (CeFi + DeFi) yield model: users must stake both Bitcoin (BTC) and BB tokens to participate in network verification, where BTC provides underlying security and BB is used for node incentives and governance. Stakers can accumulate CeFi custody yields (such as Binance funding rate arbitrage), node operation rewards, and DeFi re-staking yields to achieve multi-layered yield strategies.
On the technical side, BounceBit utilizes a tree graph consensus mechanism and GHAST algorithm, supporting over 3000 transactions per second and is compatible with the Ethereum Virtual Machine (EVM), allowing developers to easily migrate Solidity smart contracts. Its liquidity staking certificate (BBTC) enables users to participate in on-chain applications like liquidity mining and lending without transferring BTC, and it achieves cross-chain interoperability through LayerZero.
In terms of token economics, the total supply of BB is 2.1 billion, with 35% allocated for staking rewards. Users can obtain governance rights and gas fee discounts through staking. The ecosystem has integrated protocols like Restake Finance and Solv Protocol, covering DeFi, NFTs, and RWA (real-world assets) scenarios, and plans to expand into modular blockchain and privacy protection fields.
Currently, the circulating market value of BB is approximately $270 million, listed on exchanges like Binance, and after the mainnet launch in 2024, the TVL briefly surpassed $545 million. Its advantages lie in the scarcity of the Bitcoin ecosystem, institutional-grade custody security (partners include Ceffu, Mainnet Digital), and high yield potential, but users need to be cautious of compliance risks from custodial institutions and increasing competition in the DeFi market.
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