#BBCeDeFi The 16th Binance Square National Essay Competition is hot on the way!
The 16th Essay Project sponsored by @BounceBit
Project Introduction:
BounceBit is a public chain that adopts a dual-token PoS model, based on BTC security and fully compatible with EVM, aiming to provide high-yield products and a wide range of financial application scenarios through the innovative model of CeDeFi (combining centralized and decentralized finance).
BounceBit chain achieves seamless connection between CeFi and DeFi through the design of liquidity custody tokens (LCTs). LCTs convert the earnings users obtain in CeFi into on-chain liquid assets, supporting re-staking and Meme Launchpad and other DeFi applications. BounceBit also collaborates with Ceffu to achieve secure interest income through CeFi channels, further enhancing the user's earning experience.