BounceBit (BB) is the first CeDeFi platform focused on Bitcoin re-staking, aiming to activate idle Bitcoin value. It ensures network security through a dual-token staking mechanism (BTC and the native token BB) and is fully compatible with EVM, supporting developers to deploy Solidity applications. Users can deposit BTC into regulated custodians to obtain the 1:1 pegged on-chain token BBTC, allowing them to participate in staking, re-staking, and various DeFi activities to earn returns.
BounceBit has innovatively launched high-yield products such as BounceBit Prime, combining tokenized U.S. Treasury bonds and other real-world assets (RWA) with neutral strategies in the crypto market, aiming to provide users with sustainable diversified returns. The project's total locked value (TVL) has surpassed $500 million and has received investments from several top institutions, including Binance Labs.