Bitcoin staking is taking off - and for good reason! $BTC holders want to put their asset to work.
BounceBit supports BTC staking since Mainnet launch. Through #cedefi we enable staking yield via Dual Staking PoS + institutional yield.
Here's how it works👇
⚪️ Bitcoin on BounceBit is a wrapped version of $BTC- $BBTC.
$BBTC is backed 1:1 by Bitcoin in institutional custody by CEFFU. It unlocks staking and restaking for Bitcoin in an EVM environment.
⚪️ BounceBit natively supports liquid staking for $BBTC.
Stake $BBTC to get $stBBTC - and stay liquid while earning staking rewards.
Why? Put your $stBBTC to work and earn yield via delta-neutral trading strategies on CEXs - on top!
--------
How to stake my BTC and $BB ? You can delegate your assets to node operators and earn staking rewards.
You will receive an LSD - stBBTC/stBB
⚫️ Go to http://portal.bouncebit.io/stake
⚪️ Navigate to 'Stake'
⚫️ Confirm the transaction in your wallet