Overview of Infrastructure and Security
After reviewing the overall vision of BounceBit as a bridge between centralized and decentralized finance, we now move on to analyzing its advanced infrastructure that makes this vision possible. The project's distinction is not limited to its financial framework but extends to innovative security mechanisms specifically designed to meet the needs of institutional and individual investors who prioritize security above all else. BounceBit is a Layer 1 blockchain that relies on a Proof of Stake (PoS) mechanism and is fully compatible with the Ethereum Virtual Machine (EVM). This compatibility allows developers to easily build advanced decentralized applications (dApps), contributing to the expansion of the project's ecosystem.
Dual-Token PoS mechanism
The essence of BounceBit's security architecture lies in the "Dual-Token PoS" mechanism, which is unique in the restaking market. Under this mechanism, validators are required to stake two different tokens simultaneously: the first being BBTC, which is the wrapped version of Bitcoin, and the second being the native token of the project, BB. This approach ensures additional security for the network, as it strengthens the stakeholder base and increases validators' commitment to the network's integrity.
Using two different tokens for staking enhances "capital efficiency" and creates a balance between security and the internal interests of the system. By requiring them to stake both tokens, validators face a greater "internal economic responsibility," ensuring they have a vested interest in maintaining the network's stability.
Triple-layer security model: "Locked-In Trust Triangle"
BounceBit goes beyond just a dual staking mechanism by offering a unique security model consisting of three independent layers, referred to as the "Locked-In Trust Triangle." This model aims to build an excessively secure system that is difficult to breach, providing reassurance to investors:
Layer one: Staking Bitcoin (BBTC). The model requires validators to stake amounts of BBTC, described as "hard money" due to its real value, scarcity, and global recognition. Any malicious or fraudulent behavior by the validator leads to the slashing of this staked Bitcoin, imposing a "very high financial barrier" on any potential attacker.
Layer two: Staking the native token (BB). In addition to Bitcoin, validators must stake the native token BB. This dual staking puts validators at double risk; if they fail to adhere to protocol rules, they will lose both BBTC and BB, ensuring stronger commitment and greater financial incentives.
Layer three: Integration of EigenLayer's AVS. This layer is the most innovative. BounceBit integrates EigenLayer's Actively Validated Services (AVS) on the Ethereum network. This integration allows Ethereum stakers (ETH stakers) to act as external and neutral "gateways" to monitor the performance of BounceBit validators. In case of any malicious behavior detection, AVS can trigger a slashing mechanism, meaning any attacker must overcome not only the BBTC and internal BB barriers but also the external decentralized monitoring network on Ethereum.
This multi-layered security model positions BounceBit as a new standard in the field of Bitcoin restaking. While many projects focus on single security mechanisms, BounceBit combines the value of real assets (BTC), the interest of internal assets (BB), and the power of neutral external monitoring (EigenLayer).
This systematic overlap not only prevents attacks but also builds institutional trust through transparency and accountability, fundamentally distinguishing it from its competitors.