Since its Water Margin TVL Event released in late January 2024, BounceBit has amassed approximately $1 billion in Total Value Locked (TVL) and nearly 400,000 early contributors
BounceBit has announced its official mainnet launch. Since its Water Margin TVL Event released in late January 2024, BounceBit has amassed approximately $1 billion in Total Value Locked and nearly 400,000 early contributors.
The BounceBit Mainnet launch introduces a host of new functionalities accessible via their updated portal. Here’s a highlight of what you can expect on BounceBit mainnet:BounceBit introduces a dual-token PoS mechanism where validators stake both BBTC and BB to enhance network security and robustness. Participants can delegate their assets to node operators through BounceBit’s native Liquid Staking module on portal.bouncebit.io, which issues a voucher token upon delegation.
Additionally, one can boost their earnings by subscribing to Premium Yield Generation through locking their stBBTC on the BounceBit Chain. This approach allows them to generate yield from both node staking and Premium Yield Generation simultaneously, offering the highest yield play and earning them BTC and BB in rewards.BounceBit introduces Liquid Custody, enabling users’ assets to stay liquid while being secured in centralized regulated custody.
The BounceBit App Store within the BounceClub ecosystem features an extensive selection of Web3 apps, from DeFi and Gaming to SocialFi and AI. Club owners can conveniently choose and integrate these apps into their Clubs, providing functionalities and DeFi yield opportunities for Club members.Going forward, BounceBit will be focusing on growing the ecosystem with BounceClub and catalyzing the development of additional SSCs to build a resilient restaking infrastructure.
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