BounceBit: Rethinking Bitcoin for DeFi! 🌐
@BounceBit is an innovative CeDeFi (centralized + decentralized finance) platform building the infrastructure for Bitcoin restaking on its own Layer 1 blockchain.
Their goal?
To unlock Bitcoin’s liquidity and functionality by integrating it into the Web3 ecosystem.
What do they do?
#BounceBit is the first blockchain to offer native BTC restaking, using a dual-token PoS system where validators stake both BTC and the native $BB token.
This ensures network security and full EVM compatibility (Ethereum Virtual Machine).
The platform also features BounceClub — a Web3 hub where users can build and customize dApps through the BounceBit App Store, supporting DeFi, GameFi, SocialFi, and AI apps.
What problems are they solving?
Low BTC liquidity: BounceBit lets users convert BTC into BBTC (wrapped BTC), which can be used for staking, DeFi participation, and cross-chain operations — without locking up liquidity.
Limited BTC use cases: By integrating BTC into smart contracts and Web3 apps, BounceBit extends its utility beyond Bitcoin’s native network limitations.
Security & scalability: With regulated custodians (Mainnet Digital, Ceffu) and Liquid Custody Tokens (LCTs), BounceBit ensures asset security while enabling flexible restaking and yield farming.
Example:
Users can deposit BTC, receive BBTC, and stake it or use it in DeFi protocols to earn yield through funding rate arbitrage or farming.
With BounceClub, developers can launch custom dApps and engage communities in gaming, finance, or social platforms.
Over $1B TVL is already locked in the ecosystem — 80% in BTC!
Fast facts:
Founded in 2023 by Jack Lu in Singapore
Raised $6M from Blockchain Capital, Breyer Capital, Binance Labs, and others
Token $BB is used for gas, governance, and validator rewards
