#BounceBitPime $BB is an innovative pioneer in the cryptocurrency field, focusing on bringing transformation to the Bitcoin ecosystem. It has pioneered the world's first native BTC re-staking chain, cleverly integrating the advantages of centralized finance (CeFi) and decentralized finance (DeFi), building a unique hybrid financial system.
@BounceBit has innovatively introduced a dual-token staking system, requiring validators to stake both Bitcoin and the native BounceBit token simultaneously to ensure network security. This initiative not only leverages Bitcoin's strong security but also achieves full compatibility with the Ethereum Virtual Machine (EVM), laying a solid foundation for various re-staking products within the DeFi ecosystem, effectively breaking the barriers between the Bitcoin and Ethereum ecosystems, and providing users with a more diverse and convenient operational experience.
BounceBit, in collaboration with professional institutions such as Mainnet Digital and Ceffu, has established a regulated custody service system to safeguard user assets. Within this ecosystem, users can participate in a variety of yield activities. For instance, through native validator staking, engaging in the DeFi ecosystem, and utilizing the CeFi mirror mechanism driven by Ceffu and Mainnet Digital, Bitcoin holders can obtain three types of yields: basic CeFi yields, node operation rewards from staking BTC on the BounceBit chain, and opportunity yields from participating in on-chain applications and the Bounce launch platform.