BounceBit is a new solution for BTC staking. The field of Bitcoin Layer 2 platforms is going through an era of transformation, characterized by the emergence of various methodologies and innovative frameworks. Bounce Bit represents a paradigm shift away from Layer 2 and closer to the Layer 1 concept.
BounceBit's innovative concept is based on the belief that the empowerment of Bitcoin should be driven primarily by assets, without changing the Bitcoin blockchain. With strategies such as funding rate arbitrage and issuing certificates for re-staking and mining, BounceBit seamlessly combines the best of centralized finance (CeFi) and decentralized finance (DeFi) to open up new opportunities for Bitcoin, driving increased profitability and application expansion.
On April 11, 2024, Binance Labs invested in BounceBit to support Bitcoin restaking and CeDeFi innovations.
12 months cliff, 20 months vesting