What Is BounceBit?
BounceBit is the first native BTC restaking chain launched in 2024. It is designed to reimagine Bitcoin's value by leveraging Proof-of-Stake (PoS) Layer 1 ecosystem. This infrastructure enables users to restake their BTC, creating a foundational layer for various restaking products. Unlike traditional Bitcoin protocols, BounceBit integrates centralized finance (CeFi) and decentralized finance (DeFi) models to offer a versatile and resilient network that enhances the intrinsic value of Bitcoin.
Built on a dual-token system involving BTC and the native BounceBit token (BB), BounceBit provides an asset-driven approach to Blockchain technology. This unique framework not only strengthens network security but also allows BTC holders to play an active role in validating the BounceBit network. By incorporating interoperability with Ethereum Virtual Machine (EVM)-compatible chains, BounceBit diversifies the use cases for staked BTC, encouraging broader participation in the Web3 ecosystem.
