When you think that "Bitcoin can only be used as a store of value", BounceBit (BB) quietly turned the profitability of Bitcoin around: it is not merely a sidechain or a bridge, but combines Bitcoin restaking + EVM compatibility + institutional-level returns into a practical CeDeFi stack, allowing holders to retain the value attributes of BTC while participating in yield distribution and compounding on-chain. When the project launched on the mainnet, it simultaneously initiated BB airdrops and token issuance to involve early users and node operators in ecosystem building, transforming the "tool" into an "economy".
BounceBit's BB is not issued out of thin air: the protocol positions the token as network fuel, staking certificates, and governance tokens, with the total supply cap and distribution structure clearly outlined in the white paper—designed to pay homage to BTC (the number 2,100,000,000 carries implicit meaning), with a significant portion allocated for staking rewards and long-term locking to encourage secure participation and long-term holding. Understanding these distribution logics can help you judge the long-term scarcity and incentive settings behind short-term fluctuations.
From a product perspective, BounceBit's BB Prime / LCT / BBUSD brings institutional-level RWA (such as government bonds or custodial assets) "on-chain" through compliant channels and generates LCT (Liquid Custody Token) that can circulate on-chain for retail and DeFi product use. Through this on-chain and off-chain linkage, users can enjoy relatively stable traditional yields while also performing market operations and compounding on-chain. For users looking to seek "stable returns" in DeFi, this is a compromise solution between CeFi and DeFi.
From an economic operation perspective, the project team has initiated a buyback plan to repurchase and burn BB using protocol revenue, aiming to suppress circulating supply and enhance the long-term value signal of the token. Recently, there have been public buybacks and repurchase actions, with the project using part of its revenue for market buybacks, which positively contributes to enhancing market confidence, but also means that the token's value is highly dependent on the protocol's actual revenue and the inflow speed of BB Prime. Participants should pay attention to the buyback panel, mainnet events, and unlocking schedules to assess actual risks and opportunities.
