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 bbscan.io/statistics . Users can now easily track inflow/outflow, bridging volume, deposit/withdrawal statistics, and more, all from a single interface.
Portal CeDeFi Updates
The portal.bouncebit.io 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.
Image source: Shutterstock
Tags
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Big Success: Giant Whale Turned His $1 Million Invested Into $109 Million: Here Is The Altcoin He Bought!
Bubblermaps reported that a pseudonymous trader named Naseem turned his $1 million investment in TRUMP into $109 million.
This Time Hackers Attacked Through a Game! Hundreds of Ethereum (ETH) Were Compromised! Here Are the Details
A security breach has led to the exposure of $400,000 worth of Ethereum (ETH) from 9,000 user wallets.
Why Can't Bitcoin and Altcoins Rise? Analysis Company Explained and Evaluated the Latest Situation!
QCP Capital analysts evaluated the latest situation in Bitcoin and altcoins.
Bitcoin (BTC) Is Having Trouble Rising! Or Is the Bull Over? CryptoQuant CEO Explained!
CryptoQuant CEO Ki Young Ju argued that the bull market in Bitcoin is and will continue.
Trending news
MoreCrypto prices
More








