#BounceBit , backed by Binance Labs, aims to expand Bitcoin’s utility by introducing a Bitcoin restaking protocol. This protocol combines centralized and decentralized finance (CeFi and DeFi), allowing Bitcoin to actively participate in network validation and yield generation. By using a dual-token system with both Bitcoin and BounceBit tokens, it enhances capital efficiency and offers Bitcoin holders new ways to earn. While its innovative approach holds promise, BounceBit's success will depend on how well it can differentiate itself in the growing BTCFi space.