BounceBit Mainnet Launches
We’re thrilled to announce the official launch of the BounceBit Mainnet, marking a major milestone since our preliminary rollout in late January 2024. By way of the profitable Water Margin TVL Occasion, BounceBit has seen large development, boasting roughly $1 billion in Complete Worth Locked (TVL) and practically 400,000 early contributors.
Spectacular Development Since Preliminary Rollout
For the reason that launch of BounceBit’s Premium Yield Era characteristic, hundreds of staked BTC are repeatedly producing yield via Funding Price Arbitrage. Our Testnet part was additionally a powerful success, showcasing the BounceClub ecosystem and highlighting the robustness and stability of the BounceBit Community.
New Functionalities Launched in BounceBit Mainnet
The BounceBit Mainnet launch introduces a number of recent functionalities accessible through 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 gasoline charge token. Guarantee you could have BB tokens for transactions on the BounceBit chain. Test for those who’re eligible for BB airdrop or buy BB on Binance.
What to Count on on BounceBit Mainnet
Now let’s information you thru what you may count on on BounceBit Mainnet.
1. Node Staking & Delegation
BounceBit introduces a dual-token PoS mechanism the place validators stake each BBTC and BB to boost community safety and robustness. Individuals can delegate their belongings to node operators via our native LSD module, which points a voucher upon delegation. In the event you delegate BB, you’ll obtain stBB; In the event you delegate BBTC, you’ll obtain stBBTC. Liquid Staking is now accessible on portal.bouncebit.io.
2. Premium Yield Era
Premium Yield Era is now reopened! All income collected previous to Could 13 at the moment are claimable at portal.bouncebit.io. Premium Yield Era is a characteristic that generates yield in your BTC and USD stablecoins via Funding Price Arbitrage on Binance. The minimal funding quantity is 1000 USD, or 0.1 BTC. To subscribe, you should lock BBTC and BBUSD on the BounceBit Chain, Ethereum, or BNB Good Chain.
3. Liquid Custody
BounceBit introduces Liquid Custody, enabling customers’ belongings to remain liquid whereas being secured in centralized regulated custody. You’ll be able to take part in Liquid Custody on bouncebit.io by depositing BTCB & FDUSD on BNB Good Chain and WBTC & USDT on Ethereum Community. 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 through MultiBit Bridge or Polyhedra’s zkBridge. Moreover, MultiBit will help the bridging of native Bitcoin onto BounceBit. Gasoline charges are denominated within the coin of the origin chain, e.g. for those who bridge from BNB Good Chain to BounceBit, it’s important to pay gasoline charge in BNB.
5. BounceClub
BounceClub is a crucial a part of the BounceBit ecosystem, providing an on-chain Web3 universe designed for everybody to create and have interaction. BounceClub homeowners can customise their Golf equipment to boost challenge visibility and group engagement. Membership members can get pleasure from quite a lot of Web3 actions inside these Golf equipment. The BounceBit App Retailer inside the BounceClub ecosystem options an in depth number of Web3 apps, from DeFi and Gaming to SocialFi and AI. Membership homeowners can conveniently select and combine these apps into their Golf equipment, offering functionalities and DeFi yield alternatives for Membership members.
Outlook
Going ahead we will probably be specializing in rising the ecosystem with BounceClub. We are going to work on catalyzing the event of extra SSCs to construct a resilient restaking infrastructure.
Picture supply: Shutterstock
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