BounceBit is an EVM-compatible Layer 1 BTC restaking chain.

BounceBit is a BTC staking protocol that combines decentralized finance and centralized finance yield mechanisms, allowing investors to earn returns through various methods. Designed to address the growing demand for Bitcoin staking - an option not natively supported by Bitcoin - BounceBit aims to help Bitcoin holders generate passive income.

Unlike traditional Layer 2 solutions, BounceBit operates on its native chain and token, providing greater flexibility and resilience. The platform utilizes a proof of stake consensus mechanism with a dual token structure, allowing users to stake either the native BounceBit token (BB) or wrapped liquid staking token (BBTC). This design ensures liquidity for all projects while enabling community members to secure the network by locking their tokens and participating as validators.

BounceBit offers a suite of features to enhance the user experience, including the BounceClub community, which allows users to develop and share Web3 projects. Its shared security clients enable developers to leverage BounceBit's PoS security for their own sidechains or tokens. The BTC Bridge facilitates the seamless movement of BTC in and out of the BounceBit ecosystem, while an oracle provides essential external data to regulate contracts. Additionally, the platform's yield generation comes from both CeFi and DeFi systems operating in parallel, along with an optional premium yield feature that employs low-risk trading strategies to maximize returns for users.

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BounceBit to release CeDeFi v.2.0

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