When I woke up in the morning, I saw 32 missed calls! I thought BTC had exceeded 100,000, but I didn't expect that the Dexx wallet was stolen! As a result, my own money was gone. For more than a month, I got up at 7 o'clock every day, traded for more than ten hours a day, and only slept in on the weekend, and my money was gone. Fortunately, my large funds were placed in Binance Web3 wallet or BBCeDeFi, and there were about 30,000 U$BB in pledge.

Let me share the profit principle of BBCeDeFi. It is generally safe and is the favorite of Binance Investment:

  1. Benefit Assessment

    • Analysis of revenue sources

      • Financial income: If BBCeDeFi provides financial services based on assets such as Bitcoin, its income mechanism needs to be examined. For example, whether it generates income through the interest rate difference between lending and borrowing, or based on liquidity mining rewards. Taking lending as an example, understand the difference between its loan interest rate and deposit interest rate, and how the platform distributes these income to users. For liquidity mining, pay attention to the value and market demand of the mined tokens.

      • Transaction fee rebates: If BBCeDeFi includes a decentralized exchange, users may benefit from transaction fee rebates. Evaluate the trading activity of the platform. The more active the trading, the higher the fee rebate may be. At the same time, it is necessary to consider how the platform's transaction fee rate is set and whether it is competitive compared with other similar platforms.

    • Income stability assessment

      • Impact of market volatility: Since BBCeDeFi may be closely linked to the Bitcoin ecosystem, fluctuations in Bitcoin prices will have a significant impact on earnings. If the platform mainly relies on the appreciation of Bitcoin to provide earnings, such as certain Bitcoin mortgage lending or financial services, then a sharp drop in Bitcoin prices may lead to insufficient collateral value, thereby affecting user earnings and even the safety of principal.

      • Platform operation stability: examine the historical operation of the platform, including whether there have been system failures, downtime maintenance, etc. that affect the user's income. A stable platform can pay users income according to the agreed income rules and time, without unexplained interruptions or delayed payments.

    • Revenue growth potential analysis

      • Ecological development prospects: If the BBCeDeFi ecosystem is in the early stages of development and has a trend of continuous improvement and expansion, such as adding new financial service products and attracting more users to participate, then its potential for revenue growth may be large. For example, as the number of users in the ecosystem increases, lending demand may increase, and the scale of financial management will expand, thus bringing more revenue opportunities.

      • Industry trend fit: Consider whether the platform can adapt to the development trend of the DeFi industry. For example, the application of emerging technologies (such as cross-chain technology, Layer2 solutions, etc.) can increase transaction speed, reduce costs, attract more users and capital inflows, and thus increase the possibility of revenue growth.

  2. BounceBit has built a BTC re-pledge infrastructure that provides a base layer for different re-pledge products. Through the CeFi + DeFi framework, BounceBit enables BTC holders to earn yield from multiple sources.

  3. BB tokens have multiple uses on the BounceBit platform:

    • Staking: Stake BB to participate in the dual-currency staking mechanism of Bounce Bit PoS.

    • Protocol Incentives: Tokens are paid as staking rewards to validators who ensure network security.

    • Gas Fee: BB is used to pay the Gas fee required to conduct transactions and execute smart contracts.

    • Governance: Use BB to participate in on-chain governance, such as voting on protocol upgrades.

    • Currency: BB can be used as currency on the BounceBit platform. It can be used in various applications and infrastructures as a medium of exchange or a store of value.

  4. BounceBit’s Layer 1 consists of the following components:

    • Dual-Currency PoS: A hybrid consensus mechanism where each validator can accept both BBTC and/or BB tokens;

    • Native LSD module: This module allows delegating stake to validators and receiving LST certificates in return.

  5. BounceBit’s base CeFi layer consists of the following components:

    • Compliant Custody: All user funds are stored in a secure custody solution through the MPC wallet.

    • OTC Settlement: OES can securely tap into CEX liquidity, while trades are settled OTC.

  6. The project has raised $7.98 million from previous financing.

  7. The total supply of BB is 2,100,000,000, and the circulating supply after listing is 409,500,000 (accounting for 19.50% of the total token supply).

Everyone can learn more about it! Pay attention to the safety of funds!
#BBCeDeFi @BounceBit