BounceBit Mainnet Goes Live with Exciting New Features






BounceBit Mainnet Launches

We are thrilled to announce the official launch of the BounceBit Mainnet, marking a major milestone since our preliminary rollout in late January 2024. Through the profitable Water Margin TVL Event, BounceBit has seen super development, boasting roughly $1 billion in Total Value Locked (TVL) and almost 400,000 early contributors.

Impressive Growth Since Initial Rollout

Since the launch of BounceBit’s Premium Yield Generation characteristic, hundreds of staked BTC are constantly producing yield via Funding Rate Arbitrage. Our Testnet part was additionally a convincing success, showcasing the BounceClub ecosystem and highlighting the robustness and stability of the BounceBit Network.

New Functionalities Introduced in BounceBit Mainnet

The BounceBit Mainnet launch introduces a number of latest functionalities accessible by way of our portal at portal.bouncebit.io. For detailed guides and data, our documentation has been freshly up to date at docs.bouncebit.io.

BB Tokens Required for Transactions

As a pleasant reminder, the BounceBit chain operates as a standalone Layer 1 community the place BB serves because the fuel charge token. Ensure you’ve got BB tokens for transactions on the BounceBit chain. Check should you’re eligible for BB airdrop or buy BB on Binance.

What to Expect on BounceBit Mainnet

Now let’s information you thru what you’ll be able to anticipate on BounceBit Mainnet.

1. Node Staking & Delegation

BounceBit introduces a dual-token PoS mechanism the place validators stake each BBTC and BB to reinforce community safety and robustness. Participants can delegate their property to node operators via our native LSD module, which points a voucher upon delegation. If you delegate BB, you’ll obtain stBB; If you delegate BBTC, you’ll obtain stBBTC. Liquid Staking is now obtainable on portal.bouncebit.io.

2. Premium Yield Generation

Premium Yield Generation is now reopened! All income accrued previous to May 13 at the moment are claimable at portal.bouncebit.io. Premium Yield Generation is a characteristic that generates yield in your BTC and USD stablecoins via Funding Rate Arbitrage on Binance. The minimal funding quantity is 1000 USD, or 0.1 BTC. To subscribe, you could lock BBTC and BBUSD on the BounceBit Chain, Ethereum, or BNB Smart Chain.

3. Liquid Custody

BounceBit introduces Liquid Custody, enabling customers’ property to remain liquid whereas being secured in centralized regulated custody. You can take part in Liquid Custody on bouncebit.io by depositing BTCB & FDUSD on BNB Smart Chain and WBTC & USDT on Ethereum Network. After your deposits, Liquid Custody Tokens (LCTs) will probably be issued to you on the corresponding chain. BTCB and WBTC deposits will obtain BBTC as LCT, whereas FDUSD and USDT deposits will obtain BBUSD as LCT.

4. Bridging onto BounceBit

LCTs may be bridged to BounceBit by way of MultiBit Bridge or Polyhedra’s zkBridge. Additionally, MultiBit will assist the bridging of native Bitcoin onto BounceBit. Gas charges are denominated within the coin of the origin chain, e.g. should you bridge from BNB Smart Chain to BounceBit, you must pay fuel charge in BNB.

5. BounceClub

BounceClub is an important a part of the BounceBit ecosystem, providing an on-chain Web3 universe designed for everybody to create and interact. BounceClub house owners can customise their Clubs to reinforce venture visibility and group engagement. Club members can get pleasure from a wide range of Web3 actions inside these Clubs. The BounceBit App Store inside the BounceClub ecosystem options an in depth choice of Web3 apps, from DeFi and Gaming to SocialFi and AI. Club house owners can conveniently select and combine these apps into their Clubs, offering functionalities and DeFi yield alternatives for Club members.

Outlook

Going ahead we will probably be specializing in rising the ecosystem with BounceClub. We will work on catalyzing the event of extra SSCs to construct a resilient restaking infrastructure.

Image supply: Shutterstock

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