okay, since there are lots of posts about @BounceBit , I also want to tell you my opinion.
introduction
if you are familiar with
is exactly the same thing , but for BTC.
- it enables bitcoin restaking - wrapping BTC via regulated custody into LCT (liquid custody token) that can be restaked and used in DeFi apps.
- it has dual-token security: BTC + BB
- EVM-compatible Layer 1: devs can build smart contracts
- it aims RWA
also
- its on an early stage
- it has regulatory risk
- it has to prove security of smart contracts
- it has validators risk
- it's not so decentralized as it seems
As restaking grows, BounceBit must differentiate itself from other emergent BTC staking solutions
i do wish @BounceBit team good luck, honestly...
but you my friend, be careful where you put your money!
DYOR before investing
ciao