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BounceBit - Strategic
Overview
Funding Date
April 11, 2024
Financing amount
--
Valuation
--
Category
Subcategory
About BounceBit - Strategic
Binance Labs announced its latest investment in BounceBit, a Bitcoin restaking and CeDeFi protocol to expand the capabilities of Bitcoin beyond traditional storage of value.
Investors
| Investors | Type | Location | Year Founded | #Portfolio Companies | Email Address | Socials |
|---|---|---|---|---|---|---|
| Fund | Malta | 2018 | 151 | -- |
Founders & Team
Jack Lu
Company Profile / Project Introduction
BounceBit is the first-ever native BTC restaking chain. The BounceBit network is secured by staking both Bitcoin and BounceBit tokens. BounceBit's PoS mechanism introduces a unique dual-token staking system by leveraging native BTC security with full EVM compatibility. In a groundbreaking move, BounceBit introduces the mixed DeFi and CeFi yield mechanism, allowing BTC holders to earn yields through native validator staking, DeFi ecosystem, and a CeFi mirroring mechanism powered by Ceffu and Mainnet Digital.