OKX Ventures announces strategic investment in the Bitcoin native re-staking platform BounceBit

2024-02-29 09:37:43

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ChainCatcher news, OKX Ventures announced a strategic investment in the Bitcoin re-staking infrastructure BounceBit. Since the beta version was released in early February, the total value locked (TVL) on BounceBit has reached 510 million USD, with over 450 million in Bitcoin staking and more than 17,000 users across the chain.

Dora Yue, founder of OKX Ventures, stated: "BounceBit is redefining the value and application of BTC by establishing a Bitcoin (BTC)-based asset-driven proof-of-stake (PoS) Layer 1 ecosystem. BounceBit combines the transparency of traditional centralized finance (CeFi) with decentralized finance (DeFi), enhancing network security through a dual-token system and achieving interoperability with other blockchains through comprehensive EVM compatibility. BounceBit not only provides BTC holders with opportunities to earn across multiple networks but also enhances the value and application of the entire BTC asset class by activating the most liquid and actively used BTC. Therefore, BounceBit offers a secure and innovative investment opportunity, and we will closely monitor the mainnet launch around Bitcoin's fourth halving, which is expected to attract a wide range of participants and drive progress in the entire cryptocurrency industry."

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BounceBit DeFi Bitcoin Staking

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