🔥#BinanceLabs invests in restaking protocol #bouncebit

Bouncebit is a restaking platform on the Bitcoin network that supports the conversion of $BTC into more flexible forms such as BTCB/WBTC, enabling BTC holders to participate in CeFi & DeFi to earn additional profits.

The project previously revealed a native token BB Coin (BB) but has not announced a specific launch date for this token.

In addition to Binance Labs, the project previously raised $6 million in two rounds from names such as OKX Ventures, NGC Ventures, Blockchain Capital,...

It can be affirmed that Binance Labs is betting big on the #restaking sector with a portfolio of projects including Babylon, Renzo and #pufferfinance Finance, $ETHFI and most recently BounceBit.