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 the profitable Water Margin TVL Occasion, BounceBit has seen super development, boasting roughly $1 billion in Complete Worth Locked (TVL) and almost 400,000 early contributors.
Spectacular Development Since Preliminary Rollout
Because the launch of BounceBit’s Premium Yield Era characteristic, hundreds of staked BTC are repeatedly producing yield by means of Funding Price Arbitrage. Our Testnet section 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 bunch of recent functionalities accessible through our portal at portal.bouncebit.io. For detailed guides and knowledge, 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 fuel payment token. Guarantee you may have BB tokens for transactions on the BounceBit chain. Verify 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 possibly can anticipate 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. Contributors can delegate their belongings to node operators by means of our native LSD module, which points a voucher upon delegation. Should you delegate BB, you’ll obtain stBB; Should 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 amassed 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 by means of Funding Price Arbitrage on Binance. The minimal funding quantity is 1000 USD, or 0.1 BTC. To subscribe, you have to lock BBTC and BBUSD on the BounceBit Chain, Ethereum, or BNB Sensible Chain.
3. Liquid Custody
BounceBit introduces Liquid Custody, enabling customers’ belongings to remain liquid whereas being secured in centralized regulated custody. You may take part in Liquid Custody on bouncebit.io by depositing BTCB & FDUSD on BNB Sensible Chain and WBTC & USDT on Ethereum Community. After your deposits, Liquid Custody Tokens (LCTs) might 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 might be bridged to BounceBit through MultiBit Bridge or Polyhedra’s zkBridge. Moreover, MultiBit will help the bridging of native Bitcoin onto BounceBit. Fuel charges are denominated within the coin of the origin chain, e.g. for those who bridge from BNB Sensible Chain to BounceBit, you must pay fuel payment 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 interact. BounceClub house owners can customise their Golf equipment to boost challenge visibility and neighborhood engagement. Membership members can take pleasure in quite a lot of Web3 actions inside these Golf equipment. The BounceBit App Retailer inside the BounceClub ecosystem options an intensive collection of Web3 apps, from DeFi and Gaming to SocialFi and AI. Membership house owners can conveniently select and combine these apps into their Golf equipment, offering functionalities and DeFi yield alternatives for Membership members.
Outlook
Going ahead we might be specializing in rising the ecosystem with BounceClub. We’ll work on catalyzing the event of further SSCs to construct a resilient restaking infrastructure.
Picture supply: Shutterstock
. . .
Tags
