The Rise of Shared Security Clients (SSCs):
Unlocking Bitcoin’s Potential
At the heart of @BounceBit ecosystem lies the concept of Shared Security Clients (SSCs), a revolutionary application of Bitcoin restaking. SSCs encompass a wide range of systems—sidechains, data availability layers, virtual machines, oracle networks, bridges, and more—that leverage Bitcoin’s unparalleled security to deliver trust and functionality. By enabling smart contracts to borrow Bitcoin’s validation semantics, SSCs empower developers and users to create and interact with a diverse array of decentralized applications.For Bitcoin holders, this opens a world of opportunities:Delegation to Validators: Users can stake their BTC with node operators who secure the BounceBit chain, receiving a Liquid Staking Derivative (stBBTC) in return. This token can be restaked to SSCs for additional rewards or used in other financial activities.
Direct Staking to SSCs: BTC can be directly staked to critical infrastructure like bridges or oracles, enhancing their security and earning yields.
DeFi Participation: stBBTC enables users to engage in decentralized finance (DeFi) activities, such as automated market makers (AMMs), yield farming, or leverage trading, unlocking new revenue streams.
This flexible framework allows Bitcoin holders to maintain liquidity while generating passive income, all while contributing to the security and growth of the ecosystem.