Exciting Launch of BounceBit Mainnet
Welcome to the official launch of the BounceBit Mainnet, a significant achievement following the initial rollout in late January 2024. The recent Water Margin TVL Event has propelled BounceBit’s growth, securing around $1 billion in Total Value Locked (TVL) and attracting nearly 400,000 early participants.
Milestone Achieved Since Inception
Since introducing BounceBit’s Premium Yield Generation, numerous staked BTC are consistently generating yield via Funding Rate Arbitrage. The Testnet phase proved to be a success, demonstrating the strength and stability of the BounceBit Network and showcasing the BounceClub ecosystem.
Introduction of New Features in BounceBit Mainnet
The launch of the BounceBit Mainnet brings a range of new features accessible through our portal at portal.bouncebit.io. For comprehensive guides and information, our documentation has been recently updated at docs.bouncebit.io.
Utilizing BB Tokens for Transactions
It’s important to note that the BounceBit chain functions as a standalone Layer 1 network where BB tokens act as the gas fee token. Make sure you have BB tokens for transactions within the BounceBit chain. Check your eligibility for a BB airdrop or acquire BB on Binance.
Exploring BounceBit Mainnet
Lets’ delve into what you can experience on the BounceBit Mainnet.
1. Node Staking & Delegation
- BounceBit presents a dual-token PoS mechanism where validators stake BBTC and BB to enhance network security.
- Participants can delegate assets to node operators through the native LSD module, receiving a voucher upon delegation.
- Delegating BB results in stBB, while delegating BBTC results in stBBTC.
2. Premium Yield Generation
- The Premium Yield Generation feature is now available, allowing claimable profits accumulated before May 13 at portal.bouncebit.io.
- Generate yield on BTC and USD stablecoins through Funding Rate Arbitrage on Binance.
- Minimum investment amount is 1000 USD or 0.1 BTC, requiring BBTC and BBUSD locking on the BounceBit Chain, Ethereum, or BNB Smart Chain.
3. Liquid Custody
- Enjoy Liquid Custody on bouncebit.io, keeping assets liquid while secured in regulated custody.
- Participate by depositing BTCB & FDUSD on BNB Smart Chain and WBTC & USDT on Ethereum Network.
- Receive Liquid Custody Tokens (LCTs) corresponding to your deposited assets.
4. Bridging onto BounceBit
- Bridge LCTs to BounceBit via MultiBit Bridge or Polyhedra’s zkBridge.
- MultiBit supports bridging native Bitcoin onto BounceBit, with gas fees denominated in the origin chain’s coin.
5. BounceClub
- BounceClub, an integral part of the BounceBit ecosystem, offers an on-chain Web3 universe for creation and engagement.
- Enhance project visibility and engagement by customizing Clubs within BounceClub.
- Access a variety of Web3 apps from the BounceBit App Store within the BounceClub ecosystem.
Future Outlook
Our focus moving forward is on expanding the ecosystem through BounceClub, fostering the development of additional SSCs to build a robust restaking infrastructure.
Hot Take
Explore the exciting features and functionalities of the BounceBit Mainnet, from node staking to premium yield generation and bridging capabilities. Get ready to immerse yourself in the vibrant BounceClub ecosystem and stay tuned for further developments in the BounceBit network!
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