In the past seven days, BounceBit has repurchased 8.87 million $BB from the public market, costing $1.1682 million based on the current market price of $0.1317. It is worth noting that this repurchase is supported by an annual cash flow of $16 million from protocol revenue, and the official statement clearly indicates that the repurchase will not stop here. This genuine financial support action is particularly solid in the current market environment.
As a CeDeFi chain that primarily focuses on BTC re-collateralization, BounceBit's hybrid architecture indeed addresses industry pain points. It allows BTC holders to enjoy the compliance guarantees of CeFi while participating in DeFi yield farming, making this dual-benefit design particularly clever during the stock game phase. From the data, the annual revenue of $16 million has already validated the feasibility of the business model, and this achievement was achieved during the testnet phase.
The ecological incentive aspect has also introduced new innovations, allocating $100,000 in BB for the creator economy, where the top 300 directly share $70,000, while the remaining $30,000 is distributed evenly. This tiered reward system not only ensures the enthusiasm of top contributors but also takes care of community infrastructure, which is much smarter than simply handing out money. Currently, the circulating market value of $BB has just surpassed $130 million, leaving significant potential for imagination compared to similar projects, especially considering the explosive potential of the BTC ecosystem. The team is now using continuous repurchases to strengthen token value capture, which is a more pragmatic approach than those projects that only make grand promises.