BounceBit (\$BB) is a pioneering CeDeFi (centralized + decentralized finance) platform designed to help Bitcoin holders turn their BTC from a dormant asset into an income-generating one through restaking. Users deposit BTC (often in wrapped form like wBTC) and receive BBTC, a liquid staking derivative that can be used across CeDeFi strategies to earn yield while maintaining liquidity. The \$BB token is the native asset of the ecosystem, used for staking to secure the network via a dual-token PoS model, paying gas fees, enabling governance participation, and serving as a medium of exchange within the platform. The total supply is capped at 2.1 billion, reflecting a scaled nod to Bitcoin’s 21 million supply, with allocations for investors, the team, advisors, ecosystem growth, and long-term incentives. BounceBit has secured multi-million-dollar funding from leading blockchain investors, reinforcing its vision of bridging CeFi and DeFi to unlock new earning opportunities for BTC holders.
