In today's rapidly changing blockchain world, a force of innovation is quietly rising. The public chain, with its unique dual-token PoS model, perfect compatibility with EVM, and pioneering CeDeFi innovation model, shines brightly like a dazzling new star in the vast universe of crypto finance. It not only redefines the possibilities of finance but also brings unprecedented opportunities to global users.
Dual-token PoS model and security:
Dual-token mechanism: BounceBit adopts a unique dual-token Proof of Stake (PoS) mechanism, requiring the staking of Bitcoin and the native tokens of the BounceBit network to ensure network security. This dual-token structure divides validators into two parts: one part is BTC stakers, and the other part is BounceBit token stakers. This not only expands the stakeholder base but also adds resilience and security to the network's consensus structure, making the network more robust.
Security assurance: The security of Bitcoin provides a fundamental value support for BounceBit. At the same time, by collaborating with institutions like Ceffu and using regulated custody solutions and advanced technologies, such as MirrorX technology to ensure on-chain tracking capabilities and regular financial audits, user assets are maximally protected.
Compatibility with EVM: BounceBit's architecture is fully compatible with the Ethereum Virtual Machine (EVM) and the Solidity language, which means that a large number of Ethereum projects can seamlessly migrate to the BounceBit ecosystem, providing convenience for developers and enhancing its utility and versatility in the broader blockchain ecosystem.
CeDeFi innovation model:
Liquidity Custody Tokens (LCTs): BounceBit has launched Liquidity Custody Tokens (LCTs). For users participating in early access using BTCB, WBTC, FDUSD, and USD deposits, BBTCLCT and BBUSDLCT will be automatically distributed on-chain. These LCTs convert the earnings users obtain in CeFi into on-chain liquidity assets, which can be used for re-staking and DeFi applications like Meme Launchpad, achieving a seamless connection between CeFi and DeFi.
Collaboration with Ceffu: BounceBit collaborates with Ceffu, leveraging its Off-Exchange Settlement (OES) mechanism, automatically transferring user funds into Ceffu's Multi-Party Computation (MPC) wallet custody, reducing counterparty risk, improving fund security and transaction efficiency, while complying with regulatory requirements. Through this collaboration, BounceBit can utilize CeFi channels to achieve secure interest income, further enhancing the user experience.
Product features and application scenarios:
Rich product features: Since its launch, BounceBit has continuously developed around CeDeFi application scenarios, gradually enriching product features, including CeDeFi as a service, cross-chain asset management, and decentralized yield models based on LCT.
Wide range of application scenarios: Suitable for individual users' daily financial management, allowing them to participate in high-yield investment opportunities; also suitable for institutional users' asset appreciation management, providing institutional-grade products and services.
# Development status and prospects:
Rapid development: Since the launch of Early Access, BounceBit's Total Value Locked (TVL) has grown rapidly. For example, it reached $10 million in just 10 minutes after launch, with an average daily increase of about $11.5 million, demonstrating market recognition and acceptance.
Broad prospects: With the continuous development of the Bitcoin ecosystem and the increasing demand for the integration of DeFi and CeFi, BounceBit is expected to continue leading innovation in the CeDeFi field in the future, creating a safer, more stable, and efficient financial environment for global users.
