According to Foresight News, BounceBit, a Bitcoin re-staking infrastructure, said that it will distribute liquidity custody tokens (LCT) to early users. Existing users who participate in the early experience with BTCB, WBTC, FDUSD and USDT deposits will automatically be allocated BBTC and BBUSD liquidity custody tokens (LCT) on the BounceBit chain. No user operation is required, and this also applies to funds staked in Premium Yield Generation. In addition, for new recharge funds after the Megadrop event goes online, LCT will be allocated to the corresponding chain where the user recharges.

Foresight News previously reported that BounceBit launched a Liquid Custody solution. Unlike Lido’s liquidity pledge, users do not pledge their assets on a network security protocol, but instead place their assets in centralized custody and then receive a voucher-like token that allows users to withdraw their assets.