BounceBit Proposal Overview: Key Issues for Community Voting

The governance system of BounceBit is built around a dual-token model (BB and BBTC), where the community decides the direction of the protocol's development through on-chain proposals and voting. Below is an overview of recent key issues:

1. Protocol Upgrades and Fee Adjustments

The community frequently votes on underlying technology upgrades, such as EVM compatibility optimizations or cross-chain bridge security enhancements. For example, the migration to version V2 involves restructuring the staking contract, requiring user votes to approve new fee rates (e.g., a 1% fee for early redemption).

2. Ecosystem Fund Allocation

Proposals often involve the use of the BounceClub ecosystem reserve funds, such as whether to fund the integration of specific DeFi projects (like the lending protocol Bitstable or the DEX Bitswap) to enrich on-chain application scenarios.

3. Node Validation Mechanism Reform

The rules for validator elections are one of the core issues, including whether to adjust the staking ratio of the dual tokens (the weight of BB and BBTC) or expand the number of validators to balance decentralization and efficiency.

4. Yield Strategy Optimization

Community votes determine the revenue distribution ratio for CeFi arbitrage strategies (such as capital rate arbitrage) or whether to introduce institutional products like BlackRock BUIDL to enhance stable yield options.

Governance Participation Method: BB holders can obtain voting rights by staking tokens, and proposals must meet the required number of votes to pass. Liquid staking certificates (like stBB) allow users to retain governance rights while reusing assets in DeFi.

BounceBit's governance reflects the integration of the Bitcoin ecosystem and DeFi innovation but needs to be wary of potential conflicts between centralized custody (like Ceffu) and community autonomy. #BounceBitPrime $BB @BounceBit