BounceBit (BB)

1. Project Introduction

BounceBit is a BTC restaking chain with an innovative CeDefi framework. Through a CeFi + DeFi framework, BounceBit empowers BTC holders to earn yield across multiple sources.
The $BB token has several uses on the BounceBit platform:
Staking: Stake $BB to actively participate in the PoS dual-token staking mechanism.
Protocol Incentive: The token is paid out as staking reward to validators who secure the network.
Gas: $BB is the denomination of the gas fees that are required to conduct transactions and execute smart contracts.
Governance: Use $BB to participate in on-chain governance, e.g. voting on protocol upgrades.
Currency: $BB can be used as currency on the BounceBit platform. It can be used in various applications and infrastructure, as medium of exchange or store of value.
BounceBit’s Layer 1 consists of the following components:
Dual-token PoS: A hybrid consensus mechanism where each validator can accept both $BBTC and $BB tokens;
Native LSD module: A module allowing the delegation of staking to validators and receiving a LST voucher in return.
BounceBit has a foundational CeFi layer which consists of below components:
Regulated Custody: All user funds are stored in secure custody solutions utilizing MPC wallets.
Off-Exchange Settlement (OES): OES enables safe access to CEX liquidity, while transactions are settled off-exchange.

2. Coin Info