BounceBit releases V3 version Big Bank, natively integrating perpetual DEX and introducing interest-bearing BB token standard

ChainCatcher news, according to official information, the Bitcoin staking project BounceBit has officially announced its V3 version, rebranding as "Big Bank." The core of this upgrade is the native integration of a perpetual contract DEX and its liquidity pool into the core of the protocol, along with the introduction of a new interest-bearing token (BB-token) standard.

The new BB tokens (such as BBTC, BBETH, etc.) are automatically rebasing interest-bearing tokens, meaning that the token balance in users' wallets will automatically increase as earnings accumulate.

Users can directly deposit on the original chains like BTC and ETH, and the V3 system will automatically mint the corresponding BB tokens on the BounceBit chain without the need for manual cross-chain transfers. The newly integrated perpetual DEX will introduce liquidity provider tokens (BLP), allowing holders to earn fees as counterparties. The fees generated by the platform will empower the native token BB through a buyback mechanism.