Welcome to Extreme Investor Network: BounceBit Mainnet Launches
At Extreme Investor Network, we are excited to announce the official launch of the BounceBit Mainnet, a major milestone achieved since our initial rollout in late January 2024. Through the successful Water Margin TVL Event, BounceBit has experienced remarkable growth, with approximately $1 billion in Total Value Locked (TVL) and nearly 400,000 early contributors.
Unprecedented Growth and Success
Since the introduction of BounceBit’s Premium Yield Generation feature, thousands of staked BTC are now generating yield through Funding Rate Arbitrage. Our Testnet phase demonstrated the strength and stability of the BounceBit Network, paving the way for the successful launch of the Mainnet.
Innovative Functionalities in BounceBit Mainnet
The launch of BounceBit Mainnet comes with a range of new functionalities that can be accessed through our portal at portal.bouncebit.io. For comprehensive guides and information, our documentation has been freshly updated at docs.bouncebit.io.
BB Tokens as Gas Fee
As a reminder, the BounceBit chain functions as a standalone Layer 1 network, where BB tokens are used as gas fees. Make sure you have BB tokens for transactions on the BounceBit chain. You may be eligible for a BB airdrop or purchase BB tokens on Binance for seamless transactions.
Exploring BounceBit Mainnet
Let’s delve into the exciting features and offerings of BounceBit Mainnet:
1. Node Staking & Delegation
BounceBit introduces a unique dual-token PoS mechanism where validators stake BBTC and BB to enhance network security. Participants can delegate their assets to node operators through the native LSD module, receiving stBB or stBBTC vouchers based on their delegation. Liquid Staking is available on portal.bouncebit.io for easy access.
2. Premium Yield Generation
The Premium Yield Generation feature is now reopened, allowing users to claim profits accumulated before May 13 at portal.bouncebit.io. This feature generates yield on BTC and USD stablecoins through Funding Rate Arbitrage on Binance. To participate, lock BBTC and BBUSD on the BounceBit Chain, Ethereum, or BNB Smart Chain.
3. Liquid Custody
BounceBit introduces Liquid Custody, enabling users to keep their assets liquid while secured in regulated custody. Participate in Liquid Custody by depositing BTCB & FDUSD on BNB Smart Chain and WBTC & USDT on Ethereum Network. Liquid Custody Tokens (LCTs) will be issued to users, with BBTC or BBUSD as LCT based on the deposit.
4. Bridging onto BounceBit
Users can bridge LCTs to BounceBit using MultiBit Bridge or Polyhedra’s zkBridge. MultiBit supports the bridging of native Bitcoin onto BounceBit. Gas fees are determined by the origin chain, ensuring seamless bridging to the BounceBit ecosystem.
5. BounceClub
BounceClub is a key component of the BounceBit ecosystem, offering an on-chain Web3 universe for community engagement. Club owners can customize their Clubs, integrating a range of Web3 apps from the BounceBit App Store. Members can enjoy various activities within Clubs, enhancing project visibility and DeFi yield opportunities.
Future Outlook
As we move forward, Extreme Investor Network will focus on expanding the ecosystem with BounceClub and developing additional SSCs for a resilient restaking infrastructure. Stay tuned for more updates and opportunities within the BounceBit Network.
Experience the future of decentralized finance with BounceBit Mainnet, exclusively at Extreme Investor Network.