What is BounceBit (BB)?

Deep Dive

1. Purpose & Value Proposition

BounceBit was created to solve the problem of idle Bitcoin capital. It positions itself as the first native BTC restaking chain, enabling Bitcoin holders to earn yield by using their BTC as collateral across both centralized (CeFi) and decentralized (DeFi) financial applications (BounceBit). This hybrid "CeDeFi" model seeks to combine the security and regulatory compliance of traditional finance with the transparency and permissionless access of DeFi.

2. Technology & Architecture

At its core is the BounceBit Chain, an Ethereum Virtual Machine (EVM)-compatible Layer 1 blockchain. Its key innovation is a dual-token staking mechanism for network security. Validators must stake both Bitcoin (via a custodial partner) and the native BB token, creating a unique security model that ties the chain's economic security directly to Bitcoin's value (ONUS).

3. Tokenomics & Ecosystem Utility

The BB token has a fixed maximum supply of 2.1 billion, a nod to Bitcoin's 21 million cap. Its utilities are multifaceted: staking to secure the network, paying for gas fees, participating in on-chain governance votes, and serving as a medium of exchange within the ecosystem (BounceBit Documentation). The ecosystem expands through products like BounceBit Prime, which provides on-chain access to institutional yield strategies using tokenized real-world assets (RWAs) from partners like BlackRock and Franklin Templeton.

Conclusion

Fundamentally, BounceBit is a financial infrastructure project that reimagines Bitcoin as active, yield-bearing capital within a secured, hybrid blockchain environment. How effectively will its CeDeFi model drive the next wave of institutional capital into tokenized assets?