@BounceBit

#BounceBitPrime and $BB

BounceBit Prime is a new platform that merges traditional finance with decentralized finance (DeFi), offering institutional-grade yield strategies. It uses tokenized U.S. government bonds, such as Franklin Templeton's BENJI token, as collateral to generate a stable, real-world return. This is combined with crypto-arbitrage strategies to potentially achieve higher returns.

The native utility token of the BounceBit ecosystem is $BB. Holding $BB grants users a "yield passport," giving them priority access to high-yield pools and opportunities for dual-token staking. The token is also used for network security, transaction fees, and governance within the BounceBit chain, which is a dual-token Proof-of-Stake (PoS) Layer 1 secured by both Bitcoin and $BB. This creates a closed-loop system where the utility of the $BB token is tied directly to the platform's yield-generating activities.