What Is BounceBit?
BounceBit is the first native BTC restaking chain launched in 2024 It is designed to reimagine Bitcoin's value by leveraging Proof-of-Stake PoS Layer 1 ecosystem This infrastructure enables users to restake their BTC creating a foundational layer for various restaking products
Unlike traditional Bitcoin protocols, BounceBit integrates centralized finance CeFi and decentralized finance DeFi models to offer a versatile and resilient network that enhances the intrinsic value of Bitcoin
Built on a dual-token system involving BTC and the native BounceBit token (BB), BounceBit provides an asset-driven approach to Blockchain technology
This unique framework not only strengthens network security but also allows BTC holders to play an active role in validating the BounceBit network. By incorporating interoperability with Ethereum Virtual Machine EVM compatible chains, BounceBit diversifies the use cases for staked BTC, encouraging broader participation in the Web3 ecosystem
