BounceBit is a CeDeFi (a fusion of centralized and decentralized finance) infrastructure project focused on BTC re-staking. Through a dual-token PoS mechanism involving BTC and the platform token $BB, it achieves the first direct participation of Bitcoin in proof-of-stake consensus, endowing it with the dual attributes of 'staking yield + on-chain interaction.' The platform is compatible with the EVM ecosystem, allowing developers to seamlessly deploy DeFi applications and promote BTC's entry into lending, liquidity mining, and other scenarios.
The project collaborates with institutions such as Ceffu (a compliant financial group in Japan) to build liquidity custody tokens (LCT) and real-world asset (RWA) yield pools, connecting off-chain BTC custody with on-chain financial yields, ensuring asset security while enhancing capital efficiency.
The total supply of $BB is 2.1 billion tokens, with less than 20% currently in circulation, adopting a 6-year linear unlocking mechanism (only 2.1% will be released in August 2025), making short-term selling pressure controllable. The token serves as a governance and fee-bearing vehicle, with demand strongly correlated to BTC staking volume. The current price stabilizes around $0.094–$0.10, with market predictions for a mid-term target price of $0.13–$0.16, based on the uniqueness of the 'BTC yield entry.'
Its core value lies in injecting programmable financial attributes into Bitcoin through a compliant mixed architecture, filling the gap of 'high volatility, low yield.' Risk points include technical validation and community acceptance disputes, but as the only infrastructure target for on-chain BTC yields, it has attracted institutional capital attention and is expected to become a key hub for the financialization of the Bitcoin ecosystem.