According to Foresight News, BounceBit, a Bitcoin re-pledging infrastructure, has announced that it will distribute Liquidity Custody Tokens (LCT) to its early users. The users who have participated in the early experience with deposits in BTCB, WBTC, FDUSD, and USDT will automatically be allocated BBTC and BBUSD LCTs on the BounceBit chain. This will be done without the need for user intervention and will also apply to funds pledged in Premium Yield Generation.
In addition, for new deposit funds after the launch of the Megadrop event, LCT will be allocated to the corresponding chain on which the user has made a deposit.
In previous news from Foresight News, BounceBit launched a Liquid Custody solution. Unlike Lido's liquidity pledge, users do not pledge assets to the network security protocol. Instead, they entrust assets to centralized custody and then receive a token similar to a voucher, which allows users to withdraw assets.