What is Bouncebit

Article Summary, Automatically Generated By AI

Summary of BounceBit

  • BounceBit is building a BTC restaking infrastructure.
  • Partners with Mainnet Digital and Ceffu for regulated custody.
  • BounceBit chain is a PoS Layer 1, secured by validators staking BTC and native token.
  • Dual-token system leverages native Bitcoin’s security with full EVM compatibility.
  • Critical infrastructure (bridges, oracles) secured by restaked BTC.
  • Empowers BTC holders to earn yield across multiple networks through CeFi + DeFi framework.

Numbers and figures mentioned in the text: None.


About BounceBit: Empowering the Future of Cryptocurrency Trading

BounceBit is constructing a pioneering BTC restaking infrastructure, furnishing a foundational layer for a diverse array of restaking products, bolstered by the secure, regulated custody of Mainnet Digital and Ceffu.

The BounceBit chain, conceived as a paradigmatic showcase of a restaking product within the BounceBit ecosystem, is a pioneering PoS Layer 1 blockchain, fortified by validators staking both BTC and BounceBit’s native token – a novel dual-token system that synergistically leverages the robust security of native Bitcoin with seamless EVM compatibility. Critical ecosystem infrastructure, including bridges and oracles, are secured by restaked BTC. Through a groundbreaking CeFi + DeFi framework, BounceBit empowers BTC holders to generate yield across a diverse array of networks.

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