@BounceBit
BounceBit provides flexible conversion solutions for original Bitcoin (BTC), allowing it to be converted into more potential forms, such as BTCB on the BNB chain, enabling BTC holders to easily participate in decentralized finance (DeFi) protocols. Users can securely deposit their BTC into a custodial service accessible through the Ethereum Virtual Machine (EVM), thereby connecting these assets to the BounceBit platform.
The process is as follows:
Users deposit BTC into Binance and withdraw it to the BNB chain, automatically converting it to BTCB.
Send BTCB via BounceBit's official bridge. BTCB will be held in Mainnet Digital, and users will receive BTCB and Liquid Staking Derivative (LSD) tokens.
Users utilize LSD tokens to participate in asset management services on BounceBit.
LSD tokens can be bridged to the BounceBit chain to engage in other activities within the ecosystem.
