@BounceBit #BounceBitPrime

BounceBit is a next-generation Layer 1 blockchain launched in 2024, designed to merge centralized finance (CeFi) and decentralized finance (DeFi). It was co-founded by Jack Lu (former WOO Network CTO) to create a “CeDeFi” platform offering users secure yield generation. BounceBit gained early traction with its CeDeFi staking model, allowing BTC holders to earn yield via restaking mechanisms. Backed by top investors like Binance Labs, the chain leverages a dual-token model and validator economy. BounceBit also serves as an infrastructure layer for Bitcoin restaking, contributing to Bitcoin’s utility in the DeFi ecosystem while maintaining strong compliance and user security.