What is BounceBit BTC (BBTC)?

BounceBit BTC (BBTC) is a liquid custody token (LCT) pegged 1:1 to Bitcoin and native to the BounceBit proof-of-stake Layer‑1 blockchain. It functions like a wrapped Bitcoin, enabling BTC holders to engage in staking and restaking activities across the BounceBit ecosystem.

What is BBTC used for?

* **Staking & restaking:** Holders can stake BBTC with validators to earn a liquid staking derivative (LSD) token (e.g. stBBTC), which can then be restaked into shared security clients, BTC bridges, oracle systems, and data availability layers * **Yield from CeFi and DeFi:** The platform combines centralized finance custody sources with decentralized staking mechanisms, allowing BBTC holders to earn yield through both on-chain and off-chain systems * **Governance participation:** Token BB (native to BounceBit) is used jointly with BTC to validate the network. BBTC helps bootstrap security and aligns incentives within dual-token consensus

BounceBit BTC (BBITBTC) Supported Platforms


BBTC	ERC20	ETH	0xF5e11df1ebCf78b6b6D26E04FF19cD786a1e81dC	2024-04-16
BBTC	BEP20	BNB	0xf5e11df1ebcf78b6b6d26e04ff19cd786a1e81dc	2024-04-16
BBTC		BB	0xF5e11df1ebCf78b6b6D26E04FF19cD786a1e81dC	2024-08-30