What is BounceBit?

BounceBit is a layer 1 blockchain network that makes it possible to stake Bitcoin (BTC), which is not normally possible to stake.

BounceBit, a proof of stake (PoS) network, offers a blockchain layer where BTC can be staked. Thus, it gives BTC a new purpose, enabling the creation of a decentralized finance (DeFi) ecosystem on Bitcoin.

BounceBit is also an ecosystem that is compatible with the Ethereum Virtual Machine (EVM) and BNB Chain. In this way, cryptocurrencies such as BTCB and WBTC can also be re-staked.

The security of the network is provided by validators who have staked both BTC and BounceBit tokens.

Part of the ecosystem, BounceClub offers an on-chain space for those interested in DeFi. With BounceClub, decentralized applications can be created with ready-made widgets without the need for coding.

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