The $BB digital currency is the first ever native BTC Resaging chain network #BounceBit .
The network is secured by staking both Bitcoin and the BB digital currency.
Liquidity Re-Staking Concept
It is a mechanism that emerged with protocols like Lido, which aims to increase the economic security of external systems. Essentially, for example, you can take your synthetic Ethereum (LST) and re-stake it, receiving another digital currency called a liquid re-holding token.
BounceBit's PoS mechanism offers a unique dual-token staking system by leveraging the security of native BTC with full compatibility with EVM.
You can earn yield from your idle Bitcoin with BounceBit BTC Restake.
BounceBit also offers a mixed DeFi and CeFi yield mechanism, allowing Bitcoin holders to earn returns through the original spatial signature, the decentralized finance ecosystem, and the CeFi mirror mechanism supported by Ceffu and Mainnet Digital.
Enhanced yield for Bitcoin holders
Currently, BTC, WBTC, and BTCB holders lack opportunities to earn yield on-chain, resulting in very low capital utilization in current decentralized finance systems. BounceBit innovatively offers a BTC mirror mechanism, allowing Bitcoin holders to earn on-chain income simultaneously through PoS and DeFi, and off-chain through CeFi.
The bridge between centralized and decentralized finance
There are several BTC arbitrage trading strategies in the current CeFi system. BounceBit aims to ensure that funds can be verified directly on-chain while engaging in CeFi arbitrage, providing an On-Chain Mirror mechanism. This mechanism will be supported by Ceffu's and Mainnet's mirror systems.
EVM agreement secured by Bitcoin
As the most decentralized asset in the current cryptocurrency industry, Bitcoin lacks real-use opportunities in the current public chains. BounceBit's consensus layer will introduce a mixed PoS mechanism, allowing Bitcoin to be used to secure and diversify the network. At the same time, BounceBit's execution layer will achieve EVM compatibility to accelerate the migration of current decentralized finance liquidity to the Bitcoin ecosystem.#bounce #BounceBitPrime $BB #Binance Binance
