Why might you be interested in BounceBit?
BounceBit is the first native Layer-1 blockchain for BTC restaking, compatible with the Ethereum Virtual Machine (EVM) and based on a hybrid mechanism that combines centralized and decentralized finance (CeDeFi).
Users deposit BTC (including BTCB or WBTC), and in exchange receive BBTC (a special 1:1 token with BTC) that can generate yield within the BounceBit ecosystem, without directly interacting with the Bitcoin network.
Its launch was in 2023, backed by $6 million USD of seed investment led by Blockchain Capital and Breyer Capital, with participation from Binance Labs, OKX Ventures, NGC Ventures, among others. Recent reports from 2025 highlight institutional strategies like BB Prime, which integrates U.S. Treasury bonds and market-neutral strategies (arbitrage), with annualized returns of up to 24% in tests.