About BounceBit

BBUSDT is a pioneering blockchain project that integrates a unique dual-token staking mechanism, combining the security of Bitcoin with the flexibility of an Ethereum Virtual Machine (EVM) compatible environment. The BBUSDT network operates on a Proof of Stake (PoS) consensus model, allowing users to stake both Bitcoin and BBUSDT tokens. This innovative approach enhances network security while facilitating a seamless experience for users engaging in decentralized finance (DeFi) and centralized finance (CeFi) activities. The BBUSDT token serves multiple functions within the ecosystem, including staking rewards for validators, transaction fees, and governance participation. Users can stake BBUSDT to earn yields through native validator staking and access various DeFi services. Additionally, the project incorporates a regulated custody framework to ensure the security of user funds and an Off-Exchange Settlement (OES) mechanism that provides safe access to centralized exchange liquidity. This comprehensive structure positions BBUSDT as a versatile platform for both individual and institutional participants in the cryptocurrency space.