BounceBit Mainnet Launches with Exciting New Features

adminMay 13, 2024

BounceBit mainnet launch

We are excited to announce the official launch of the BounceBit mainnet, marking a significant milestone since its initial launch in late January 2024. With the successful Water Margin TVL event, BounceBit has seen tremendous growth, boasting approximately $1 billion in total value locked (TVL). ) and nearly 400,000 early contributors.

Impressive growth since initial launch

Since the launch of BounceBit’s premium yield generation feature, thousands of staked BTC have been continuously monetized through funding rate arbitrage. Our testnet phase was also a huge success, showcasing the BounceClub ecosystem and highlighting the robustness and stability of the BounceBit network.

New features introduced on BounceBit mainnet

The BounceBit mainnet launch introduces a number of new features, accessible through the portal (portal.bouncebit.io). For detailed guides and information, visit docs.bouncebit.io for newly updated documentation.

BB tokens required for transactions

Please note that the BounceBit chain operates as a standalone layer 1 network with BB acting as the gas fee token. Make sure you have BB tokens for trading on the BounceBit chain. See if you qualify for the BB airdrop or buy BB on Binance.

What to Expect from BounceBit Mainnet

Now, let us walk you through what you can expect from BounceBit Mainnet.

1. Node staking and delegation

BounceBit introduces a dual-token PoS mechanism where validators stake both BBTC and BB, improving network security and robustness. Participants can delegate their assets to node operators through the native LSD module, which issues vouchers upon delegation. If you delegate BB, you will receive stBB. When you delegate BBTC, you will receive stBBTC. Liquid Stake is now available on portal.bouncebit.io.

2. Generate premium revenue

Premium yield generation is back! All profits accumulated before May 13 can now be claimed on Portal.bouncebit.io. Premium Yield Generation is a feature on Binance that generates yield on BTC and USD stablecoins through funding rate arbitrage. The minimum investment amount is 1000 USD, i.e. 0.1 BTC. To subscribe, you will need to lock your BBTC and BBUSD on the BounceBit chain, Ethereum, or BNB smart chain.

3. Liquid storage

BounceBit introduces Liquid Custody to help users maintain liquidity while protecting their assets in a centralized, regulated manner. You can participate in Liquid Custody at Bouncebit.io by depositing BTCB and FDUSD on the BNB smart chain and WBTC and USDT on the Ethereum network. After depositing, Liquid Custody Token (LCT) will be issued on the chain. BTCB and WBTC deposits will receive BBTC as LCT, while FDUSD and USDT deposits will receive BBUSD as LCT.

4. Connect to BounceBit

LCT can be connected to BounceBit via MultiBit Bridge or Polyhedra’s zkBridge. MultiBit also supports linking native Bitcoin and BounceBit. Gas costs are expressed in coins of the originating chain. For example, if you connect from the BNB smart chain to BounceBit, you will need to pay for gas in BNB.

5. Bounce Club

BounceClub is an important part of the BounceBit ecosystem, providing an on-chain Web3 world designed for everyone to create and participate. BounceClub owners can customize their clubs to increase project visibility and community engagement. Club members can enjoy a variety of Web3 activities within this club. The BounceBit App Store within the BounceClub ecosystem offers a wide range of Web3 apps, from DeFi and gaming to SocialFi and AI. Club owners can conveniently select these apps and integrate them into their clubs to provide club members with features and DeFi revenue opportunities.

eyesight

Going forward, we will focus on growing the ecosystem through BounceClub. We will work to facilitate further SSC development to build a resilient re-staking infrastructure.

Image source: Shutterstock

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