🧵 How BounceBit works — the bridge between Bitcoin and DeFi ⚙️
1/ BounceBit is a CeDeFi platform — blending the centralized (CeFi) and decentralized (DeFi) worlds.
The goal? To make Bitcoin work within the DeFi ecosystem, generating yield securely.
2/ 🧩 The current problem:
Bitcoin is the safest and most valuable asset in the crypto market, but it is not very productive — it basically sits idle in wallets.
BounceBit solves this by allowing BTC to be used in DeFi applications without losing security.
3/ ⚙️ How it does this:
BounceBit has its own blockchain — the BounceBit Chain — compatible with EVM (the same base as Ethereum).
It uses a Proof of Stake (PoS) model with dual validation: BTC + native token.
This connects Bitcoin's security with DeFi's flexibility.
4/ 🔐 Multi-layer custody:
Users' assets are protected by a hybrid system — combining institutional custody with audited smart contracts.
This reduces the risk of loss and increases transparency.
5/ 💸 Yields and products:
Users can delegate their BTCs and other tokens in the network to participate in yield strategies.
The platform also has USD², a stable asset tied to U.S. Treasury securities, used for liquidity and arbitrage.
6/ 🌐 Why this matters:
BounceBit is creating a new bridge between the Bitcoin world and DeFi, allowing BTC to generate value within the Web3 ecosystem — without compromising security.
It's Bitcoin finally “working” for you.
