BounceBit has partnered with Chainlink to integrate decentralized data feeds across its DeFi ecosystem, enhancing price accuracy, yield calculations, and risk management for all dApps on the network.
The integration includes Chainlink’s Cross-Chain Interoperability Protocol (CCIP), enabling secure messaging and token transfers between BounceBit and other blockchains. This will allow users to stake bBTC on BounceBit while using it as collateral on Ethereum or Polygon-based applications.
By using Chainlink’s high-frequency data feeds, BounceBit can improve the precision of its lending protocols, automated market makers, and synthetic asset platforms, minimizing slippage and reducing risk from price manipulation.
Developers will now have direct access to Chainlink’s extensive library of price, weather, sports, and event data, paving the way for innovative prediction markets and parametric insurance products within BounceBit.
This partnership strengthens BounceBit’s infrastructure layer and positions it as a more reliable hub for cross-chain DeFi applications.
