The @BounceBit Proof of Stake Chain will serve as the first live application of BTC Restaking, operating on a dual-token model:
Native BTC for security and liquidity
BounceBit’s native token for governance and staking
Process Overview:
1. BTC is placed into regulated custody.
2. Users mint bounceBTC (BBTC) on the BounceBit chain.
3. BBTC can be delegated to validators in exchange for stBBTC.
4. stBBTC can be restaked into SSCs (such as oracles or sidechains) or applied in other DeFi strategies.
Meanwhile, the BTC in custody continues generating risk-free yield via funding rate arbitrage — combining security, liquidity, and yield in a single framework.
{future}(BBUSDT)
