BounceBit Mainnet Launches
We’re thrilled to announce the official launch of the BounceBit Mainnet, marking a big milestone since our preliminary rollout in late January 2024. Via the profitable Water Margin TVL Occasion, BounceBit has seen super progress, boasting roughly $1 billion in Whole Worth Locked (TVL) and almost 400,000 early contributors.
Spectacular Development Since Preliminary Rollout
Because the launch of BounceBit’s Premium Yield Technology characteristic, hundreds of staked BTC are repeatedly producing yield by means of Funding Fee 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 number of recent functionalities accessible by way of 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 price token. Guarantee you’ve got BB tokens for transactions on the BounceBit chain. Examine if you happen to’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. If you happen to delegate BB, you’ll obtain stBB; If you happen to delegate BBTC, you’ll obtain stBBTC. Liquid Staking is now obtainable on portal.bouncebit.io.
2. Premium Yield Technology
Premium Yield Technology is now reopened! All earnings amassed previous to Might 13 at the moment are claimable at portal.bouncebit.io. Premium Yield Technology is a characteristic that generates yield in your BTC and USD stablecoins by means of Funding Fee 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 Good 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 Good 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 by way of 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. if you happen to bridge from BNB Good Chain to BounceBit, you must pay gasoline price in BNB.
5. BounceClub
BounceClub is an important a part of the BounceBit ecosystem, providing an on-chain Web3 universe designed for everybody to create and have interaction. BounceClub house owners can customise their Golf equipment to boost venture visibility and group engagement. Membership members can take pleasure in quite a lot of Web3 actions inside these Golf equipment. The BounceBit App Retailer throughout 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 are going to work on catalyzing the event of further SSCs to construct a resilient restaking infrastructure.
Picture supply: Shutterstock
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