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Introducing BounceBit BTC Staking: Unleashing Bitcoin Potential Through a Hybrid “CeFi + DeFi” Approach

By Amber Group 03/21/2024, 3 min read time

As the digital asset sector expands through continuous growth and innovation, Amber Group is dedicated to exploring exciting new opportunities that cater to our clients’ diverse needs.

 

Building on the success of ETH Staking Plus, we're thrilled to introduce “BounceBit BTC Staking” on WhaleFin in partnership with BounceBit, the first-ever Bitcoin staking chain.

 

BounceBit BTC Staking combines the strengths of decentralized and centralized finance to deliver enhanced yields, flexibility and transparency with professional management. Our goal is to maximize capital efficiency for Bitcoin holders by unlocking greater potential and seizing growth opportunities with confidence.

 

BounceBit BTC Staking offer multilayered income streams through a hybrid CeFi + DeFi yield mechanism: 

 

 

Other Benefits of BounceBit BTC Staking on WhaleFin

 

  • Low Barrier to Entry with No Hidden Costs: Start staking with just 1 BTC and zero subscription or handling fees.

  • Hassle-Free Process: Easily generate ongoing yield with just a few clicks on WhaleFin, while our expert team handles the security and management in the background. 

  • Industry-Leading Security: Rest assured with Amber's comprehensive protection and the regulated custody of Mainnet Digital and Ceffu, protecting your bitcoin assets while allowing for opportunities to generate attractive returns.

 

BounceBit BTC Staking Mechanism

 

2024 has witnessed a surge in the popularity of restaking led by projects like EigenLayer. While restaking has largely been associated with Ethereum, the idea of shared security is also present on other chains.

 

BounceBit launched as the first-ever native BTC staking chain in January 2024. It introduced an innovative staking mechanism seamlessly integrating CeFi and DeFi to provide Bitcoin holders with multilayered income streams.

 

 

BounceBit launched its testnet on March 8th with points rewards for early contributors (potentially convertible to airdrops). According to its website, it currently has a TVL of over $670 million and 57,000+ users.

 

Start Your BTC Staking Journey Today

 

Contact your dedicated account manager or reach out to [email protected] for more information and start your BTC staking journey today. Take advantage of this secure and hassle-free way to maximize your BTC potential!

 

Disclaimer

  • NOT FINANCIAL ADVICE – The article is for informational purposes only. Any information provided is not intended to be and does not constitute financial advice, investment advice or trading advice.

  • RISK STATEMENT– Cryptocurrencies may be unregulated in your jurisdiction and the value of investments are variable and can go up and down. The trading of cryptocurrencies has potential rewards; but you may also lose your investments entirely. Trading may not be suitable for all people and past performance is not an indicator for future performance. Anyone wishing to invest should seek his or her own independent financial or professional advice.

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