The BounceBit Foundation announced it will use over $10 million in revenue generated by the protocol to buy back $BB tokens. This isn't empty talk; the project currently generates over $16 million in annualized revenue, and this was before Prime officially launched. The buyback began this month, and the foundation has already purchased 5 million BBs on the open market. The buyback will continue based on protocol performance. Transparency is high, with a public dashboard available for real-time tracking. This reminds me of established DeFi projects, where buybacks are often a signal of confidence, stabilizing token prices and rewarding long-term holders. Many Twitter bloggers analyzed this move as a testament to BounceBit's financial health, demonstrating that protocol revenue isn't based on empty talk but on real user activity and ecosystem growth. Some predict that as Prime attracts funds, buybacks will expand, and BB prices could rebound strongly in the coming months.
Furthermore, @BounceBit is collaborating with Franklin Templeton. This traditional financial giant, managing over a trillion dollars in assets, has directly connected its tokenized money market fund (BENJI) to BounceBit's Prime platform. What is Prime? It's a structured yield platform that combines the stable returns of RWAs with the dynamic strategies of DeFi. For example, you can use tokenized US Treasury bonds as underlying collateral to execute basis trades or recollateralization, aiming to achieve greater capital efficiency. Previously, RWAs were mostly passively held, earning a fixed interest rate. However, BounceBit has upgraded them, enabling them to actively participate in on-chain activities. This is not only a technological innovation; it also breaks down the barriers between tradfi and crypto.
BounceBit isn't perfect either. Due to the overall market downturn, the price of the BB token has recently fluctuated, falling approximately 3% in the past 24 hours. However, from a broader perspective, this may represent a buying opportunity. Some bloggers have mentioned that BounceBit's ecosystem is still expanding: They plan to launch tokenized stocks in Q4, enabling 24/7 global stock trading and integrating with DeFi. Bybit's integration also improves liquidity and reduces trading risk. These updates combined make BounceBit a promising stock, especially given the Bitcoin ecosystem's resurgence. Consider that the Bitcoin restaking market is booming, and as a pioneer, BounceBit stands to capture a significant share of the market.
#BounceBitPrime
