BounceBit Mainnet Launch and Upcoming Updates - Blockchain.News

BounceBit Mainnet Launch and Upcoming Updates

Darius Baruo May 28, 2024 09:34

BounceBit celebrates Mainnet launch and reveals upcoming platform enhancements.

BounceBit Mainnet Launch and Upcoming Updates

On May 13th, BounceBit successfully launched its Mainnet, marking a significant milestone in its journey to revolutionize the CeDeFi space. According to an official announcement on Medium, the team is committed to continuously improving the platform to meet community expectations. The announcement also revealed several exciting updates and new features set to roll out over the next two weeks.

CeDeFi Dashboard

BounceBit has introduced a comprehensive statistics dashboard available at Users can now easily track inflow/outflow, bridging volume, deposit/withdrawal statistics, and more, all from a single interface.

Portal & CeDeFi Updates

The serves as the main interface for interacting with the BounceBit ecosystem. This intuitive platform allows users to engage with various features and services offered by BounceBit.

BBUSD & Node Staking Rewards

The BBUSD yield structure is receiving an upgrade. BBUSD will now be included in the node staking reward distribution along with Premium Yield. Staking in Premium Yield with BBUSD will earn users additional BB rewards on top of the yield generated from delta-neutral Funding Rate Arbitrage. This update is exclusive to subscriptions made on the BounceBit Chain.

UX Update

Recognizing that some users find the mechanisms of their products complex, BounceBit is introducing an optional automated mechanism to simplify the experience. This new feature will consolidate multiple steps into a single user interaction, while still allowing for individual actions like stake delegation and Premium Yield subscription.

BEP-20 USDT Addition

Due to popular demand, BounceBit is adding support for USDT on the BNB Smart Chain (BSC). Users will be able to deposit USDT on BSC to get BBUSD and receive yield in USDT(BEP-20). Consequently, FDUSD deposits will be paused soon after.

BitSwap Integration

BitSwap, the leading DEX on BounceBit Chain, will now be accessible through the Portal. This integration allows users to perform token swaps on the same interface where they stake, subscribe, and deposit, improving the overall user experience and asset flow.

Ethena Integration

BounceBit has partnered with Ethena to launch a groundbreaking high-yield product in DeFi. Starting next week, users will be able to earn sUSDE yield, ENA rewards, BB rewards, and 5x sats towards Ethena’s ongoing Sats Campaign, all within one product.

Stay tuned for more updates as BounceBit continues to enhance its ecosystem.

About BounceBit

BounceBit pioneers CeDeFi infrastructure, offering institutional-grade yield products, restaking use cases, and CeDeFi as a service, making high-yield opportunities accessible to all. The BounceBit chain, a dual-token PoS Layer 1 secured by BTC and $BB, leverages Bitcoin’s security with full EVM compatibility. By designing liquidity custody tokens (LCTs) and partnering with CEFFU, users earn tangible interest from CeFi and utilize LCTs for restaking and on-chain farming.

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