BounceBit is a blockchain project that combines the advantages of centralized and decentralized finance. As a CeDeFi (Centralized Decentralized Finance) platform, it offers a multi-strategy, multi-asset ecosystem focused on enhancing the utility of Bitcoin, popularizing high-yield opportunities, and enabling users to participate and earn returns in innovative ways. BounceBit is based on its native token BB and builds a seamless bridge between institutional-level financial tools and individual users.
BounceBit is a CeDeFi platform aimed at maximizing the utility of Bitcoin and lowering the entry threshold for high-yield financial opportunities. As a multi-strategy asset management platform, it integrates the advantages of centralized finance (CeFi) and decentralized finance (DeFi).
Its main features include a native blockchain, a dual-token proof-of-stake (PoS) mechanism, and various yield-enhancing products. Users can utilize institutional-level tools while enjoying the transparency and flexibility offered by blockchain technology.
In February 2024, BounceBit secured $6 million in seed funding led by Blockchain Capital and Breyer Capital, with YZi Labs (formerly Binance Incubator) joining the investors in April of the same year. In May 2024, BounceBit made significant progress from seed funding to a feasible product with a total locked value (TVL) of up to $1 billion, becoming the first project to complete a token generation event (TGE) through Binance Megadrop.
BounceBit primarily divides its services into two parts: BounceBit Portal and BounceBit Chain. BounceBit Portal is a user-centric platform that offers various funding rate arbitrage strategies, making it easy for users to choose the yield and investment products that suit them. BounceBit Chain is a Layer 1 blockchain protected by a dual-token PoS mechanism of BTC and BB. This chain fully leverages Bitcoin's security and is fully compatible with the Ethereum Virtual Machine (EVM). Its ecosystem, BounceClub, serves as an AI-driven aggregation platform, providing users with a one-stop experience that integrates DeFi, meme coins, and GameFi.