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Though Bitcoin is one of the oldest and most iconic cryptocurrencies, it doesn't offer all the utility of modern chains. One of the biggest challenges for Bitcoin investors is that its blockchain doesn't have a native way of staking coins to earn passive income. BounceBit hopes to solve this problem with a novel staking solution. How does BounceBit provide Bitcoin users with staking rewards and liquid staking for tokens? Explore this guide to see how BounceBit’s intriguing program works.
Key Takeaways:
BounceBit is a Bitcoin staking protocol that blends DeFi and CeFi yield mechanisms so that investors can earn yield through a variety of methods.
Looking to trade BounceBit tokens? Bybit now offers the BB/USDT Spot trading pair and BBUSDT Perpetual contracts. To celebrate this listing, Bybit is holding two exclusive events where you can earn a share of the 280,000 BB prize pool!