V3 FAQ
This FAQ answers questions you might have regarding V3.
Here’s a GitBook-ready, user-focused FAQ with a bit more detail—kept practical and non-technical.
BounceBit V3 — User FAQ
TL;DR
V3 consolidates everything into five currency vaults: USDT, BTC, ETH, BNB, SOL.
Depositing mints a rebasing BB-token on BB Chain (BBUSD, BBTC, BBETH, BBNB, BBSOL).
To keep earning stBB rewards, you must stake your BB-tokens.
We airdropped 0.1 BB to eligible addresses to help cover gas for staking.
Rebase is weekly; redemptions process weekly; stBB rewards issue daily (you claim).
V2 positions and unclaimed rewards were migrated 1:1 into V3.
What changed in V3?
The old “Manual / Auto / Fixed” products are gone. You now interact with one vault per currency: USDT, BTC, ETH, BNB, SOL.
Your vault position appears as a BB-token on BB Chain:
Deposit USDT → receive BBUSD
Deposit BTC → receive BBTC
(and so on for ETH/BNB/SOL)
BB-tokens rebase weekly so balances automatically reflect accruals.
USDC note: New USDC deposits aren’t accepted in V3. Legacy USDC positions were consolidated into USDT management.
Depositing (Subscribe)
Goal: Get a BB-token that represents your vault position.
Choose currency (USDT, BTC, ETH, BNB, SOL) on a supported origin chain.
Deposit in the app. A matching BB-token is minted to your BB Chain address.
Optional: Stake during subscribe to start earning stBB immediately (see lock below).
Lock window: If you stake during subscribe—or stake later—the staked portion is locked for 28 days. (Unstaked balances are transferable and redeemable after their own initial lock ends.)
BB-tokens at a glance
What they are: Receipt tokens on BB Chain (BBUSD, BBTC, BBETH, BBNB, BBSOL) that represent your vault position.
Why they change: They rebase weekly, adjusting your balance to reflect accruals. You don’t need to take action.
Transfers: You can transfer BB-tokens on BB Chain; the underlying position moves with the token to the new holder.
Staking & stBB rewards
To continue earning stBB rewards, stake your BB-tokens on BB Chain.
We airdropped 0.1 BB to eligible addresses to help cover gas for staking.
Rewards: stBB rewards are issued daily on BB Chain. You claim them in the app.
Lock: Staked amounts are locked for 28 days from each stake action. You can stake later if you didn’t stake at subscribe (that new stake has its own 28-day lock).
APR: May vary by currency and market conditions.
How to stake
Open Portfolio → choose your BB-token (e.g., BBUSD).
Click Stake → confirm.
Track stBB accruals and claim when you like.
Weekly rebase (automatic)
Happens once per week to align BB-token balances with accruals.
No action required; you’ll see your BB-token amounts adjust automatically.
Redeeming (Withdraw)
Goal: Burn your BB-token and receive funds on your target chain.
In the app, click Redeem, choose amount and target chain.
Your BB-tokens are burned; the request enters the weekly processing queue.
After processing, you claim funds on the target chain when the withdrawal time is reached.
Notes
If part of your position is staked, the app will close staking for that portion as part of the redeem flow.
Any stBB you’ve earned remains claimable.
Solana users
You’ll need an associated EVM address for some actions and for redemptions back to EVM chains.
If you transfer your BB-token on BB Chain, the position and its accruals move with it.
Migration from V2
Your V2 positions and unclaimed rewards were migrated 1:1 into V3 BB-tokens.
Some legacy features (wrap/unwrap, certain bridges, old LP pools) were retired as part of the cleanup.
Ethena-related legacy positions were converted to USDT V3 positioning; any earned third-party rewards were delivered to users as applicable.
Key cycles (for planning)
stBB rewards: Daily issuance (you claim anytime).
Rebase: Weekly (balances auto-adjust).
Redemptions: Processed weekly; you’ll claim when the withdrawal window opens.
Quick troubleshooting
I don’t see my BB-token: Check you’re viewing your BB Chain address.
My redeem isn’t available yet: Wait until the shown withdrawal time, then claim on the target chain.
A step failed in subscribe/redeem: Re-submit in the app; ensure you have sufficient gas. Most issues resolve with a retry.
Glossary
BB-token: Your position on BB Chain (BBUSD, BBTC, BBETH, BBNB, BBSOL).
stBB: Reward token earned by staking a BB-token; claimed by you.
Rebase: Weekly auto-adjustment of BB-token balances to reflect accruals.
iBBTC: Institutional receipt for BTC positions; staking-only, no rebase.
Need help?
If anything here doesn’t answer your question, reach out to us directly:
Discord: Join our server and post in the #support channel.
Telegram: Message the official BounceBit Telegram and a moderator will assist.
Tip: Include your wallet address (BB Chain) and a short description of your issue (e.g., “redeem queued,” “can’t see BB-token,” “staking gas”). Do not share private keys or seed phrases.
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