- In order to make it easier for customers to take advantage of BounceBit airdrops and reopen Premium Yield for Bitcoin restaking, the company has introduced new functionalities.
- Users are advised to beware of phishing threats, as a security expert has alerted search engine results to a phishing website that appears to be BounceBit.
- BounceBit’s novel CeFi + DeFi framework seeks to increase the value of Bitcoin.
With its CeFi + DeFi framework, BounceBit sets itself apart and enables Bitcoin holders to generate income from many sources. The infrastructure it suggests is built around the asset-driven value of Bitcoin and requires validators to hold both BTC and BounceBit tokens through the Proof of Stake method.
By creating a mutually beneficial relationship between BTC and its native token, $BB, the platform hopes to improve network security and the inherent value of Bitcoin. Staked assets like BTCB and Wrapped Bitcoin (WBTC) are included in BounceBit, along with interoperability with EVM-compatible networks.
With a 2.1 billion token maximum, $BB is used as a store of value, a means of trade, and a currency on the network.
BounceBit is still committed to redefining the value of Bitcoin by giving its users access to a robust and flexible network. When using the platform, users are urged to prioritize security and remain alert for phishing efforts.
Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.
