Connecting Bitcoin with DeFi, CeDeFi, and RWA 🌟
Bitcoin has long been considered merely a store of value, akin to stagnant digital gold. However, the BounceBit ($BB) project is reshaping this perspective by transforming Bitcoin into a productive asset that generates returns through advanced Re-Staking infrastructure. This model allows Bitcoin to actively engage in DeFi and TradFi strategies, enhancing its utility without compromising its security.
BounceBit collaborates with leading custodians like Mainnet Digital and Ceffu to enable Bitcoin re-staking through various strategies, including arbitrage, participation in validation, and innovative CeDeFi products.
The network relies on a Layer 1 blockchain with a PoS mechanism and offers a dual token model:
BBTC: Wrapped Bitcoin that provides liquidity and secures the network.
BB: Governance, transaction, and incentive token.
Its full compatibility with EVM facilitates integration with Ethereum applications, while the BounceClub concept allows users to design personalized Web3 environments that combine DeFi, SocialFi, and artificial intelligence tools.
Key offerings of BounceBit include:
BounceBit Prime: Provides access to U.S. Treasury bonds in collaboration with BlackRock and Franklin Templeton.
Liquid Custody Tokens (LCTs): To unlock liquidity from staked Bitcoin.
Web3 Application Marketplace: A platform showcasing the project's vision for integrating institutional finance with decentralized innovation.