BounceBit is developing a BTC restaking infrastructure that provides a foundational layer for different restaking products. Central to the BounceBit ecosystem is the concept of BounceClub, designed to make decentralized finance (DeFi) more accessible and beneficial for BTC holders. Drawing inspiration from Apple’s iOS model, BounceClub simplifies smart contract deployment for everyone and minimize dApp redundancy within the BounceBit ecosystem. This article provides an overview of BounceClub and its functionality.
The Philosophy Behind BounceClub
The guiding philosophy of BounceClub is deeply motivated by Apple’s spirit of innovation and commitment to user-centric design. Apple’s success is attributed not only to the functionality of their products but also to their elegant design and user-friendly interface.
Inspired by Apple’s business model, BounceBit has shaped our ecosystem to embody these principles. At the core of our ecosystem, BounceClub serves as a DeFi hub enabling everyone to craft their own DeFi space without any coding requirements. A BounceClub owner can customize their BounceClub by simply selecting smart contracts that are listed on the BounceBit App Store, just like downloading apps from the App Store on your iPhone. The BounceBit App Store functions as a library of DeFi plugins where developers are welcome to apply for listing their smart contracts, just like publishing apps on iOS’s App Store. Users who do not own a BounceClub can explore existing BounceClubs and engage in various DeFi activities to earn yield.
BounceClub and BounceBit App Store are designed to reduce dApp redundancy, avoiding Ethereum-like scenarios where numerous projects offer repetitive dApps.
How Does BounceClub Work
If you’re qualified to claim and own a BounceClub, setting it up is straightforward: select your desired smart contracts from the BounceBit App Store, mirroring the ease of downloading apps from the App Store on your iPhone, all without needing to code. In other words, customizing BounceClub is very user-friendly for not just developers but also individuals without coding skills.
For those who do not own a BounceClub, there’s the opportunity to explore various clubs and gain yields through the DeFi activities they offer.
Developers are invited to submit their smart contracts to be listed as plugins in the BounceBit App Store, a process comparable to app publication on iOS’s App Store. Developers have the flexibility to choose from four distinct deployment modes for their smart contracts: 1) Free for all; 2) Exclusive to one or selected BounceClubs; 3) Implementing a deployment fee; 4) Offering rewards, such as airdrops, to BounceClub owners who deploy the contract.
BounceBit Testnet Event: Early Access to BounceClub
The BounceBit Testnet is set to launch on March 8th, 2024, providing early access users a firsthand opportunity to experience our BounceClub product. To qualify for claiming a Testnet version of BounceClub, ensure you register for an account at https://bouncebit.io/ and deposit a minimum of $100.
Further details about the Testnet Event will be announced shortly, so stay tuned!
About BounceBit
BounceBit is building a BTC restaking infrastructure that provides a foundational layer for different restaking products, secured by the regulated custody of Mainnet Digital and Ceffu. The BounceBit chain, designed as a showcase of a restaking product within the BounceBit ecosystem, is a PoS Layer 1 secured by validators staking both BTC and BounceBit’s native token – A dual-token system leveraging native Bitcoin’s security with full EVM compatibility. Critical ecosystem infrastructure like bridges and oracles are secured by restaked BTC. Through an innovative CeFi + DeFi framework, BounceBit empowers BTC holders to earn yield across multiple networks.
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