BounceBit is a pioneering BTC restaking infrastructure built as a dual-token PoS (Proof of Stake) Layer 1 blockchain, merging Bitcoin's security with Ethereum's smart contract flexibility. It leverages a CeDeFi framework, blending centralized finance’s yield mechanisms with decentralized finance infrastructure.
Restaking Mechanism: Users deposit BTC (or wrapped variants like WBTC/BTCB) into secure, regulated custody (via providers like Mainnet Digital, Ceffu, MirrorX) and receive BBTC—a liquid staking derivative that can be restaked for network staking and DeFi activities.
Dual-Token Model: Validators stake both BBTC and the native BB token—a mechanism designed to reinforce security, decentralization, and resilience.
CeDeFi Integration: The infrastructure taps into funding-rate arbitrage, delta-neutral trading strategies, and regulated yield sources, while maintaining on-chain transparency and security.
Key Features & Services
Liquid Staking & Yield Generation
Node Staking & Delegation: Users stake BBTC or BB to validators via BounceBit Chain’s Liquid Staking module, receiving stBBTC or stBB, respectively.
Premium Yield Generation: Lock assets like BBTC or BBUSD (or their staked forms) across BounceBit, Ethereum, or BNB Chain to earn yield through arbitrage. Combining staking with yield strategies nets users both BTC and BB rewards.
Liquid Custody & Bridging
Assets stay liquid via regulated custody while issuing Liquid Custody Tokens (LCTs)—such as BBTC or BBUSD—across chains. These LCTs can be bridged back to BounceBit through tools like MultiBit Bridge or Polyhedra’s zkBridge.
Real-World Assets (RWA)
BounceBit offers RWA vaults (e.g., T-bills, money market instruments) where users earn dual yields: from the underlying asset and node staking rewards in BB.
DeFi Ecosystem & BounceClub
A curated DeFi environment allows approved projects to offer yield-bearing DeFi services via BounceClub and the BounceBit App Store. This includes LP farming, meme tokens, GameFi, and Derivatives, all operating securely on the chain.
Project Origins & Funding
Founded in December 2023 by Jack Lu (formerly of NGC Ventures). Shortly thereafter, BounceBit secured $6 million in seed funding in February 2024, led by Blockchain Capital and Breyer Capital, with participation from OKX Ventures and others.
In early 2024, the platform quickly amassed over $500 million in TVL, signaling strong early interest.
Milestones & Roadmap
Phase Key Dates & Milestones
Testnet Launch Early March 2024
Mainnet Launch April 2024 (around Bitcoin halving)
CeDeFi V2 Launched November 11, 2024; enhanced institutional-grade asset and liquidity management
V2 Expansion September 2024: added features supporting Bitcoin staking, AI, gaming, and deeper DeFi tools via BounceClub
Future Plans & Vision
RWA Expansion: Q4 2025, BounceBit plans to launch tokenized stocks, ETFs, and bonds from major global markets—integrating them into DeFi for trading, collateral, and yield purposes.
Buyback Program: Initiated August 2025, this program uses platform revenue to repurchase BB tokens, aiming to align incentives with long-term holders. Reports suggest over $10M revenue pre-launch and $16M annualized.
xRWA Protocol: Live as of July 2025, enabling staking of tokenized real-world equities (e.g., Apple, Tesla) alongside BB. Employs decentralized relayers for cross-chain ownership verification.
Community Perspective
Reddit users have shared early insights, for example:
> “Dual-Token Staking… Mixed Yield Mechanism… Full EVM Compatibility…”
“...restaking… earn yield on idle Bitcoin…”
Summary
BounceBit is redefining Bitcoin’s utility by transforming it from a passive store of value into an active, yield-generating asset. Through its CeDeFi architecture, the platform offers:
Restaking via BBTC and BB tokens on a dual-token PoS L1 chain;
Liquid yields sourced from CeFi strategies, DeFi protocols, and RWAs;
Deepening integration with rea
l-world financial assets via tokenization;
A curated, accessible DeFi environment in BounceClub.
@BounceBit #BounceBitPrime $BB
