BounceBit’s Maximum Capital Efficiency Strategy: A Comprehensive Guide

In an effort to increase capital efficiency within the cryptocurrency space, BounceBit is a comprehensive guide aimed at merging centralized finance (CeFi) and decentralized finance (DeFi) to maximize returns while ensuring security and sustainability. introduced. According to BounceBit, this innovative approach allows users to earn revenue from multiple sources through a single product, creating a more sustainable and efficient model.

BBUSD with premium yield

BounceBit’s CeDeFi infrastructure introduces BBUSD, a liquid custody token (LCT) backed 1:1 by regulated custody. Users can use BBUSD to subscribe to the USDT premium yield strategy, which allows them to earn USDT yield from funding rate arbitrage while also earning node staking rewards. A Premium Yield subscription is required to receive BB rewards.

stBBTC with premium yield

For BTC holders, BounceBit offers another LCT, stBBTC. By subscribing to the BTC premium yield strategy through stBBTC, users can earn BTC yield from funding rate arbitrage along with node staking rewards. Unlike BBUSD, users do not need to sign up for premium yield to receive BB rewards through node staking. However, to maximize your returns, you must first earn stBBTC by staking BBTC to a node via Portal or BBScan.

Get started with BounceBit

BounceBit provides a step-by-step guide to help users get started.

I. Earn BBUSD or BBTC

1. Visit the BounceBit Portal to connect your wallet.
2. Select the network corresponding to the currency you wish to deposit.
3. Enter your deposit amount and confirm the transaction in your wallet.
4. Once approved, you will receive BBUSD or BBTC in your wallet.

II. Connect to BounceBit Chain

To participate in node staking rewards, users must link their LCT to the BounceBit chain.

1. In the BounceBit portal, switch to the ‘Bridge’ tab.
2. Select the asset and chain you want to bridge, enter the amount and confirm the transaction.
3. Approve spending limits and linked transactions from your wallet.

After bridging, users can check their balance on BounceBit Mainnet and confirm transactions on bbscan.io.

III. Obtain stBBTC using LSD (BBTC only)

1. Go to the “Staking” tab on the BounceBit portal.
2. Switch to the BBTC tab, enter the amount you want to stake and confirm the transaction in your wallet.
3. Once the transaction is completed, users will receive stBBTC as a voucher.

IV. Premium Yield Subscription

1. Make sure you have LCT (BBUSD, BBTC or stBBTC) ready on BB Chain, BSC or Ethereum.
2. Go to the BounceBit premium portal and select your strategy.
3. Enter the amount you want to stake, confirm the transaction in your wallet and wait for approval.

Upon successful subscription, users will be able to view premium staking data on the BounceBit platform.

BounceBit’s approach, combining CeFi and DeFi, aims to provide a powerful and efficient monetization model, giving users multiple ways to maximize their returns while ensuring the security and sustainability of their assets.

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