#bouncebit @BounceBit BounceBit is an innovative CeDeFi (Centralized + Decentralized Finance) platform built to unlock new utility for Bitcoin holders without losing custody. It achieves this by enabling Bitcoin restaking through a dual-token Proof-of-Stake (PoS) blockchain, combining the strengths of institutional-grade custody with decentralized access.
Core Concept
BTC Restaking Infrastructure: Users deposit Bitcoin, which is securely held by regulated custodians. In return, they receive BBTC, a token pegged 1:1 to BTC.
Dual-token PoS Chain: The BounceBit blockchain operates with both BBTC and its native $BB token staked together to secure the network. Validators stake both assets, and delegators earn rewards—delivered in a capital-efficient restaking model.
EVM-Compatible L1: Fully compatible with Ethereum tooling, BounceBit enables seamless dApp development and integration.Founded: 2023 by Jack Lu, who previously co-founded Bounce Finance and has a background in quantitative economics and crypto venture capital.
Funding: Raised $6 million in a seed round in February 2024, led by Blockchain Capital and Breyer Capital with participation from Binance Labs and other institutional investors.
Rapid Traction: Surpassed $445 million in TVL within just three weeks of its early access launch.
Mainnet Launch: The BounceBit mainnet introduced features like liquid staking (stBB, stBBTC), yield generation via funding rate arbitrage, and institutional-grade structured products.BounceBit Prime: A forthcoming offering combining CeDeFi with real-world assets (RWAs) to provide institutional investors with streamlined settlement and yield.
RWA Credit Expansion: Building infrastructure for credit markets based on tokenized assets.
Partnership Growth: Aiming to partner with traditional financial institutions to scale tokenized asset integration.
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At a Glance
Aspect Details
Purpose Enable Bitcoin restaking and yield generation with EVM compatibility
Security Model Dual-token PoS chain backed by BBTC & BB, plus regulated custody
