#BounceBit In its essence, BB serves as the platform token for the innovative CeDeFi platform of BounceBit. It is designed to harmonize with all the infrastructure and products of CeDeFi that we offer. This aspect of BB's utility is perhaps the most complex and offers multiple ways for token holders to interact with the ecosystem.
BB holders can stake their tokens as subordinate funds in high-risk products. This mechanism allows participation in potentially lucrative opportunities while serving as a risk mitigation tool. If the product generates profits, the stakers receive dividends. However, in the event of losses, the staked BB tokens act as a cushion, covering the deficit.