BounceBit Protocol is a staking protocol that serves as the funding gateway for the entire ecosystem. Users can stake assets such as BTC and stablecoins to obtain liquidity staking tokens (BounceBit BTC, BBTC) as proof of stake.
BounceBit Chain is a PoS Layer1 network that supports various applications, including decentralized exchanges and decentralized lending protocols. Users can choose to use the liquidity staking tokens for on-chain services or stake them on BounceBit Chain to enhance network security and earn additional rewards and liquidity for staking tokens (stBBTC).