BounceBit (BB) introduces a native BTC restaking chain with a dual-token staking system that leverages the security of Bitcoin and BounceBit tokens. This system supports both on-chain and off-chain yield generation through a combination of DeFi and centralized finance (CeFi) mechanisms.
The key features of BounceBit include enhanced yield opportunities for Bitcoin holders, a bridge between DeFi and CeFi for arbitrage opportunities, and full Ethereum Virtual Machine (EVM) compatibility, which allows the deployment of decentralized applications within the Bitcoin ecosystem.
BounceBit is notable for its mixed Proof of Stake (PoS) mechanism, which ensures network security and diversification by leveraging the liquidity and security of Bitcoin in the DeFi sector. This approach aims to boost capital utilization and yield generation for BTC assets, which traditionally have fewer opportunities for yield in existing DeFi systems.
