BounceBit has introduced triple reward pools to its liquidity mining program, offering participants BB, BTC, and partner tokens as incentives. The first triple reward pool pairs BB with USDT, with rewards including a new partner DeFi token set to launch in September.
This move aims to further increase liquidity depth for key trading pairs while also incentivizing long-term liquidity provision. The triple reward structure provides multiple income streams for LPs, making participation more attractive than single-asset or dual-reward pools.
APYs for the new pools start at 28%, with bonus multipliers for users who stake LP tokens for extended periods. Early participants can also claim exclusive NFT badges, which may be used for future governance or promotional benefits.
Liquidity mining has been a cornerstone of BounceBit’s TVL growth strategy. By offering additional incentives and partnering with other DeFi projects, the network ensures a steady inflow of capital and active trading activity.
With cross-chain integrations bringing in fresh liquidity from Ethereum and, soon, Solana, the new triple reward pools are expected to see strong adoption.