Mainnet FAQ
Have feedback or perhaps need a hand? Reach out to our team who are more than happy to help via our Discord! Also follow us on X to keep up with the latest updates.
I participated in Binance Megadrop, why am I not eligible for the airdrop?
Binance Megadrop and our Points airdrop are separate. Binance will distribute BB rewards May 13 6AM UTC.
When can I withdraw?
Please refer to this table:
For more details:
pageMainnet Asset Withdrawal & Distributions for Early Access UsersWhat is BounceBit Mainnet?
BounceBit Mainnet is live. From now on, you can start experiencing the innovative BTC restaking through CeDeFi infrastructure while immersing in the vibrant BounceClub ecosystem.
Is it safe to stake my BTC on BounceBit?
BounceBit commits to build an ecosystem which aims to ensure users can stake their Bitcoin with peace of mind and top notch security. Your funds are stored with Ceffu's custody solutions in an MPC-Wallet.
Tune in here to explore how we secure your BTC:
https://medium.com/@bouncebit/bouncebit-explained-37c0e5bafcc8
What are the new updates of BounceBit Mainnet?
1. Node Staking & Delegation
💧pageLiquid Staking2. Premium Yield Generation
📊pagePremium Yield Generation3. Liquid Custody
📤pageLiquid Custody4. Bridging onto BounceBit
🌉pageBridgingHow will the profit from Premium Yield be distributed?
You can now claim all your accumulated profits from before Mainnet launch on portal.bouncebit.io. In the future profits will be available for claiming every 14 days.
When can I withdraw from the Points Paradise - The Water Margin Event?
You can already start unstaking from Premium Yield, which will take a total of 7 days. BBTC and BBUSD will be redeemable on the 20th of May. Subscribe to BounceBit social media channels to get the latest updates on the details guide on how to withdraw your principles.
I am an early-access user, how can I claim my profit?
You can now claim all your accumulated profits from before Mainnet launch on portal.bouncebit.io. In the future profits will be available for claiming every 14 days.
I subscribe to Premium Yield, how can I withdraw my principles?
Please follow these steps to get your yields.
Initiate Unstake: Begin by unstaking from your selected strategy
7-Day Waiting Period: A mandatory waiting period ensures the accurate processing of your request.
Claim: Access your principles once the waiting period ends.
What is BBTC?
BTC Tokens from the native Bitcoin Chain and various EVM-compatible Chains can be bridged into the BounceBit ecosystem. Most notably, BTCB on Binance Smart Chain (BEP20) and WBTC on Ethereum are supported. BounceBit aims to support all sound BTC asset types.
BounceBit natively supports liquid staking for BBTC. BBTC holders can stake their funds with node operators and receive a liquid staking token (LST) as receipt for their contribution. stBBTC will be restakeable to infrastructure like BTC Bridge, oracles, data availability layers and more.
Why do I need to have BBTC?
BBTC holders can stake their funds with node operators and receive a liquid staking derivative (LSD) as receipt for their contribution. This LSD can be restaked to infrastructure like BTC Bridge, oracles, data availability layers and more.
How can I get LCTs / BBTC or BBUSD?
When you deposit on portal.bouncebit.io you will automatically receive your Liquid Custody Token (LCT) on the respective chain you deposited on.
LCTs like BBTC and BBUSD automatically reflect your total custodial holdings (WBTC & BTCB -> BBTC, USDT -> BBUSD)
What is the policy for CeFi?
pageProfit Claim PolicyHow to manage my current Premium Yield deposit?
- Unstake: You may close your position by unstaking from the chosen strategies.
- Claim: You may claim your profit every 14 days.
How to subscribe to Premium Yield?
Stake: Subscribe to a premium yield position by staking your tokens in any of the available strategies.
Lock-up Period: There is a mandatory 7-day lock-up period post-staking. During this time, you cannot modify or unstake your open positions.
Your questions are still unanswered?
Please get in touch on our Discord at https://discord.gg/bouncebit and open a ticket to share your request. Or fill this Google form and we'll reach out to you ASAP: https://forms.gle/iBtntrxEnZg5hbdG9
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