How does BounceBit leverage 're-staking Bitcoin in the Binance ecosystem'?
Friends, if you think Bitcoin can only 'lie flat' in your wallet, then the BounceBit project might refresh your understanding. It has accomplished something significant: allowing Bitcoin (BTC) to not only maintain the security of the Bitcoin network but also to 'work' on other chains to earn profits!
How does this work specifically? Imagine that you stake the BTC you hold to the BounceBit platform. BounceBit will use a hybrid model of 'cross-chain bridge + custody' to map the value of your BTC to its own chain (BounceBit Chain), generating a certificate called 'BBTC'.