BounceBit

What is BounceBit?

BounceBit is a BTC restaking infrastructure that provides a foundational layer for different restaking products, secured by the regulated custody of Mainnet Digital (a premier asset management and fintech platform) and Ceffu (a secure environment for storing digital currencies for institutional entities).

BounceBit supports the seamless transition of pure BTC into more agile forms such as BTCB on the BNB chain and Wrapped Bitcoin (WBTC), facilitating their entry into productive activities. Users are allowed to deposit their BTC into a secure custody service accessible through the EVM network, thus enabling the bridging of these assets onto the BounceBit platform. By doing so, BounceBit users accrue on-chain yields without needing direct interactions with the Bitcoin main chain.

BounceBit PoS network features a dual-token PoS structure, which means holders can delegate both, BB (BounceBit tokens) and BBTC. By allowing the staking of Bitcoin through BBTC, BounceBit benefits from the volatility and resiliency of Bitcoin in its consensus model.

What is BounceBit staking?

Staking is a great way for long-term crypto investors to earn passive income on their Proof-of-Stake cryptocurrency assets (such as BB and BBTC) while taking part in securing the network.

Stakers, by delegating tokens to validators, give voting rights to these to validate transactions on the blockchain and propose new blocks. The more stake is attributed to a validator, the more it will be able to take part in the network consensus and earn rewards for its stakers.

A quick example: Suppose a blockchain network offers a 5% reward rate for a staking period of 1 year (5% APR). You decide to lock up and stake 100 tokens on the network. After a year, you can access your staked tokens and receive five additional tokens as your reward – minus eventual fees charged by the staking provider.

Staking Proof-of-Stake (PoS) cryptocurrencies such as BB does not require stakers to transfer their token to validators. It is a non-custodial process.

Why is Stakin a great choice for BounceBit staking?

Staking your assets on your own is operationally challenging as it requires specialist expertise to set up nodes and ensure constant uptime to maximize rewards or prevent so-called slashing: partial loss of your staked cryptocurrencies due to prolonged downtime, or inappropriate/malicious behavior by the node operator.

There are several advantages when staking your BounceBit (BB) tokens with Stakin, such as:

• Triple AAA-rated institutional staking provider by Staking Rewards

• ISO 27001 certified staking provider

• Reliable infrastructure - We distribute our servers across various geographical locations and partner with premier bare metal and cloud providers

• Dedicated support for all your staking, unstaking, and network-related questions

• Institutional grade SLAs with uptime and slashing guarantees for both the validator and oracle operations

BounceBit staking for institutional investors

As an institutional-grade BounceBit node operator, Stakin has a full range of staking services and advantages to cater to the needs of enterprises and investors, such as asset managers, company treasuries, exchanges, VCs and hedge funds, wallets, custodians, and liquid staking services:

• Institutional grade SLAs with 99.5%+ uptime guarantees and slashing guarantees

• Integration with custodians, such as Fireblocks (via raw signing)

• Information about potential airdrops that you may be eligible for by staking with us so that stakers can maximize your staking yield

• Dedicated Account Manager to answer all your technical and commercial questions

• Whitelabel and dedicated nodes with dedicated infrastructure which can be deployed in your preferred region to fit decentralization or compliance needs

• 24/7 monitoring and alerting with a private dashboard for dedicated and Whitelabel nodes

• Free premium access to Stakin Dashboard which includes staking data visualization across any validator and premium historical data features (on selected networks)