BounceBit

BounceBit revolutionizes Bitcoin staking by introducing a native BTC Restaking chain, enabling BTC holders to earn yields through a unique dual-token staking system that integrates DeFi and CeFi mechanisms.

Company
BounceBit
Category
Yield
Date
2024

About the company

BounceBit is pioneering the first-ever native BTC Restaking chain, combining the security of Bitcoin with the full compatibility of the Ethereum Virtual Machine (EVM). By leveraging a dual-token staking system, BounceBit allows BTC holders to earn yields both on-chain through PoS and DeFi mechanisms and off-chain through CeFi arbitrage. This innovative approach enhances capital utilization and bridges the gap between decentralized and centralized finance, creating a versatile and efficient staking ecosystem. For more details, visit their official website.