📝 Hi, I’m 𝟏𝟎, come and learn about BounceBit — Make your Bitcoin not just a digital asset, but a financial management tool!
BounceBit is the first native BTC staking chain, making it easier than ever to increase value. Through the innovative dual PoS staking system, users can not only ensure network security by staking BTC and BounceBit native tokens, but also easily earn income.
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1. BounceBit Project Overview
1. What is BounceBit
BounceBit is building a BTC-based re-staking platform that combines the advantages of CeFi and DeFi, allowing BTC holders to earn income on multiple networks. It ensures security through a dual-token PoS model (BTC and native tokens), while being compatible with EVM, bringing the Bitcoin ecosystem closer to DeFi. There is also an innovative BTC mirroring mechanism that supports making money on and off the chain at the same time. In short, BounceBit makes BTC no longer just a passive asset, but an "activist" in the crypto world.
2. Team background and financing
@BounceBit announced at the end of February that it had completed a $6 million seed round of financing, with support from top investment institutions including Blockchain Capital, Breyer Capital, CMS Holdings, Bankless Ventures, NGC Ventures, Matrixport Ventures, DeFiance Capital, OKX Ventures, etc.
2. How BounceBit works
BounceBit is a blockchain-based protocol that allows users to safely deposit Bitcoin assets into MPC wallets jointly managed by BounceBit, CEFFU and Mainnet Digital. This wallet technology reduces the risk of single point failure and ensures asset security by splitting private keys.
With CEFFU's MirrorX solution, users can take advantage of the exchange's deep liquidity while ensuring that funds are always stored on-chain. This mirror trading model reduces counterparty risk, and through funding interest rate arbitrage strategies, users can earn returns safely.
After depositing Bitcoin, users will receive BBTC tokens, which can be used for mixed staking or to participate in DeFi activities, increasing returns by staking BBTC and native tokens. BounceBit also launched BounceClub, a platform that provides developers and users with a variety of DeFi activities, further enhancing the profit potential of Bitcoin assets.
3. Advantages of BounceBit CeDeFi
1. BTC re-staking and dual-currency PoS
BounceBit provides BTC re-staking function and cooperates with custodians such as Ceffu and Fireblocks to ensure the safety of user funds. It supports dual-currency PoS mechanism, and users can stake BBTC and BB tokens at the same time to improve network security and obtain stable income. #BBCeDeFi
2. Liquid Hosting and BounceClub
With the introduction of Liquid Custody, pledged assets can be used flexibly in both CeFi and DeFi. Users can earn CeFi interest with LCT tokens and participate in DeFi activities. BounceClub also provides simple tools to create personalized DeFi applications without code.
3. Multi-currency income products and CeDeFi infrastructure
Supports income products of mainstream currencies such as BBTC and $BB , combined with CeFi security and DeFi's flexible and high-yield, ordinary users can also obtain institutional-level income. Smart contract automated management, simple and easy to operate.
4. Inclusive finance, everyone can enjoy high returns
BounceBit allows ordinary users to participate in high-yield projects. The simple interface design and one-stop process make it easy for even novices to operate, from deposit to profit distribution, without any pressure.
4. Tail
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