1/10 Been watching how this market grinds everyone down... BTC dumping, alts looking worse, fatigue building up.
But some projects still worth watching - like @bounce_bit. Their CeDeFi approach to BTC yield has actual tx volume and institutional backing. https://t.co/O2LjbNlGdP

2/10 A dual-token PoS L1 with interesting numbers:
🔹18.6M transactions
🔹30 validators offering 15% APY
🔹3 sec block finality
🔹$48M market cap
🔹EVM compatible https://t.co/SCc5VyLVbm

3/10 Here's why it matters

6/10 Recent data points:
🔹~200 BTC deposited in one day
🔹TVL near $450M
🔹Their 10% APR program for 100 BTC filled quickly

7/10 They're not claiming to be a Bitcoin L2 - just infrastructure for making idle BTC productive through regulated means plus on-chain utility

8/10 Technical implementation:
🔹CometBFT consensus layer
🔹EVM compatibility for developers
🔹BB + BBTC token economy
🔹RWA integration through regulated partners

9/10 Funding from Binance Labs (@yzilabs) and @blockchaincap in 2024, when most avoided projects mixing centralized finance components.
With Bitcoin's limited native yield options, BB's hybrid model connecting institutional security with blockchain composability fills a gap

10/10 Thoughts on this CeDeFi approach? Would you use it for BTC yields?

BB isn't trying to reinvent L1s - they're tackling a specific problem: how to generate yield on Bitcoin holdings

4/10 Their approach: liquidity custody tokens that connect BTC to both regulated off-chain returns and on-chain functionality simultaneously

5/ The mechanism: deposit BTC, get BBTC tokens for the ecosystem while your underlying Bitcoin earns through CEFFU (formerly Binance Custody).
Addresses a practical need for Bitcoin holders wanting returns without full DeFi exposure