BB Series (19): Bitcoin from Passive to Active Income Tool
Bitcoin has always been regarded as 'digital gold', and many people simply hold it, waiting for appreciation. But at BounceBit, it can transform from passive to active, becoming a money-making machine. Think about it, the BTC in your hands, which originally just lay in your wallet doing nothing, can now earn CeFi interest, PoS staking rewards, and participate in DeFi opportunities through the CeDeFi model.
First, deposit BTC into a custodian, like Mainnet Digital, and it will give you BBTC as a receipt. Then bridge it to the BounceBit chain, stake it as stBBTC, and delegate it to validators to receive node rewards. Meanwhile, the CeFi side uses MirrorX to arbitrage financing rates, profiting from the difference between spot and futures prices. In the DeFi part, you can use stBBTC for collateralized lending or invest in liquidity pools, mining, etc. The key is that these earnings run in parallel, do not conflict, and can be compounded.
In the past, BTC holders tended to be conservative, fearing risks. But BounceBit solves the transparency issue with on-chain audits and end-to-end encryption, allowing you to play with confidence. Compared to those bankrupt platforms in 2022, trust has been rebuilt here. What’s the result? Your BTC not only maintains its value but also generates income, transforming into an active tool. For example, my friend deposited some BTC and now has a stable monthly income without selling the principal.
Playing with this requires a mindset shift, from hoarding coins to using coins. BounceBit not only activates liquidity but also expands use cases, making the Bitcoin ecosystem more vibrant. Give it a try, you will love this transformation.
