A Comprehensive Overview of BounceBit’s Design Architecture: Why Can Bitcoin Generate Staking Rewards?
BounceBit Protocol is a staking protocol that serves as the funding gateway for the entire ecosystem. Users can stake assets such as BTC and stablecoins and receive liquidity staking tokens (BounceBit BTC, BBTC) as proof of stake.
BounceBit Chain is a PoS Layer1 network that supports various applications, including decentralized exchanges and decentralized lending protocols. Users can choose to use their liquidity staking tokens for on-chain services or stake them on the BounceBit Chain to secure the network and earn additional income and liquidity through re-staking tokens (stBBTC).
