BounceBit

$#BounceBit

BounceBit's $BB token market capitalization is $157 million, with a total supply of 2.1 billion and a circulating supply of 471 million. Through its unique dual-token PoS model, BounceBit combines the security of BTC with the compatibility of EVM, providing a seamless platform that integrates CeFi and DeFi. Users can convert CeFi earnings into on-chain assets through Liquidity Custody Tokens (LCTs), ensuring the liquidity and security of funds.

Stablecoin Yield Products: Utilizing a CeDeFi structure, users can grow their assets in a secure on-chain environment, enhancing investment diversification.

Smart Contract Management: Automated yield management reduces human errors, enhancing efficiency and security.

-Cross-Chain Interoperability: Through cross-chain technology, assets can flow freely, improving network stability and the availability of DeFi applications.

BounceClub Ecosystem: Provides rich application scenarios for the $BB token, facilitating user interaction and token value growth.

BounceBit is leading a new era of digital finance, offering a more secure, transparent, and efficient financial platform.

$BB

According to Binance research, BounceBit is a re-staking service designed specifically for Bitcoin, with the BTC re-staking infrastructure it has built providing a foundational layer for different re-staking products with the following highlights:

BTC re-staking dual-token PoS consensus mechanism: Each validator can simultaneously accept BBTC and BB tokens BounceClub: Users can create DeFi products using completed small programs Liquidity Custody: BounceBit introduces the concept of liquidity custody, keeping the staked assets liquid and providing more yield opportunities.

How to provide liquidity to BounceBit?

When users deposit assets (BTC, USD, ETH...) into BounceBit, they will receive a token (BBTC, BBUSD, BBETH) that represents their assets, regulated in a 1:1 ratio, which we call Liquidity Custody Tokens (LCT).

These tokens can be bridged to BounceBit and utilized further; for example, BBTC can be staked on the dual-token PoS to receive stBBTC, which can then be restaked. Alternatively, you can directly participate in regular liquidity mining through DApps within the BounceClub ecosystem.