#bouncebit @BounceBit BounceBit is an innovative Bitcoin restaking Layer-1 blockchain (dubbed a “CeDeFi” platform) that lets BTC holders earn yield via a unique blend of centralized finance (CeFi) and decentralized finance (DeFi)—all while maintaining security through a dual-token PoS system.    
Key Pillars:
• BTC Restaking Mechanism: Users deposit BTC (including WBTC and BTCB) via regulated custodians like Ceffu or Mainnet Digital, receiving BBTC (a 1:1 pegged token). BBTC can then be restaked to earn yield without compromising liquidity.   
• Dual-Token PoS Security: Validators stake both BBTC and BounceBit’s native token, Genesis & Funding: Launched in late 2023 by founder Jack Lu (formerly of NGC Ventures), BounceBit raised $6M in seed funding—backed by Blockchain Capital, Breyer Capital, OKX Ventures, and others.   
• TVL & Mainnet Launch: Within weeks of early access, BounceBit amassed over $545M in TVL. Its mainnet launched in May 2024, featuring BB token distribution, staking modules, and yield tools.     
• Token: $BB: Launched at mainnet, the BB token serves multiple roles—as gas, yield incentive, governance token, access passport for premium products, and as part of their “Hybrid Platform Token” mod Core Function
BTC restaking Layer-1 chain—blend of CeFi and DeFi
Asset Flow
Deposit BTC → receive BBTC → restake for yield & liquidity
Security Model
Validators stake BBTC + BB in PoS; EVM-compatible
TOKEN: $BB
Gas, staking, governance, premium access in platform
Ecosystem Tools
BounceClub, App Store, structured yields, LCTs
Founders & Backers
Jack Lu; funded by Blockchain Capital, Breyer Capital, OKX, and others
Major Launch Data
Launched 2023, raised $6M, TVL ~$545
