He BounceBit ($BB ) Bridging Bitcoin to Institutional-Grade DeFi Yield
BounceBit is a Layer-1, EVM-compatible blockchain launched in 2024 that transforms Bitcoin into a productive, yield-generating asset by combining centralized finance (CeFi) yields with decentralized finance (DeFi) flexibility. Its unique model “restakes” BTC to secure the network and create on-chain yield opportunities, blending tokenized custody products with DeFi composability.
Key Highlights:
Bitcoin as Yield-Generating Collateral: BTC holders receive Liquid Custody Tokens (LCTs) representing custody positions, which can be used for farming, lending, and staking on-chain without losing BTC exposure.
CeDeFi Infrastructure: Beyond single apps, BounceBit supports real-world asset tokenization, institutional yield products like BounceBit Prime, and cross-chain liquidity tools (“Bread and Butter” bridges).
PoS Security Backed by Bitcoin: The network leverages Bitcoin’s economic security and remains Ethereum-compatible for easy developer access.
Tokenomics: 2.1B BB tokens total, echoing Bitcoin’s 21M supply, with ~19.5% circulating at launch. BB is used for staking, governance, fees, and incentives, designed for balanced inflation early on and potential deflation later.
Real Products Live Now: BounceBit Prime routes institutional capital into tokenized money markets, while LCTs enable yield farming and collateral use. Cross-chain bridges expand liquidity across EVM networks.
Strong Partnerships: Collaborations with asset managers and custody providers support regulatory compliance and reliable yields.
How Users Interact:
Deposit BTC or stablecoins → Receive LCTs or BBUSD tokens → Stake or use in DeFi apps → Move liquidity across chains via Bread and Butter bridges.
Why It Matters:
BounceBit brings institutional yields into on-chain DeFi, offering BTC holders diversified, productive exposure. Its hybrid CeDeFi approach and focus on Bitcoin native capital position it uniquely for the next crypto institutional wave.
