BounceBit is the first-ever native BTC restaking chain. The BounceBit network is secured by staking both Bitcoin and BounceBit tokens. BounceBit's PoS mechanism introduces a unique dual-token staking system by leveraging native BTC security with full EVM compatibility. In a groundbreaking move, BounceBit introduces the mixed DeFi and CeFi yield mechanism, allowing BTC holders to earn yields through native validator staking, DeFi ecosystem, and a CeFi mirroring mechanism powered by Ceffu and Mainnet Digital.
At present, BTC, WBTC, and BTCB holders lack opportunities to earn yield on-chain, resulting in very low capital utilization in existing DeFi systems. BounceBit innovatively introduces the BTC mirror mechanism, allowing Bitcoin holders to simultaneously earn income on-chain through PoS and DeFi, and off-chain through CeFi.
There are numerous arbitrage BTC trading strategies in the current CeFi system. BounceBit aims to ensure that funds can be directly verified on the chain while engaging in CeFi arbitrage, introducing the On-Chain Mirror mechanism. This mechanism will be supported by the Mirror systems of Ceffu and Mainnet Digital.
As the most decentralized asset in the current crypto industry, Bitcoin lacks opportunities for true utilization on existing public chains. BounceBit's consensys layer will introduce the Mixed PoS Mechanism, enabling the utilization of Bitcoin to ensure network security and diversification. Simultaneously, BounceBit's execution layer will achieve EVM Compatibility to accelerate the migration of the existing DeFi liquidity to the Bitcoin ecosystem.