BounceBit: Launches Liquidity Custody Service

ChainCatcher news, the Bitcoin native staking chain BounceBit has announced the launch of a liquidity custody service, which ensures the secure holding of assets while maintaining liquidity, providing opportunities for tokens that were previously inaccessible.

It is reported that the concept of Liquid Custody is similar to Liquid Stake, addressing the liquidity shortage issue by centrally custodizing assets and providing voucher-like tokens.

In addition, users can deposit assets into BounceBit to receive corresponding tokens, and then participate in various liquidity mining or interest rate arbitrage strategies. Liquid Custody does not rely on a specific blockchain and currently supports Ethereum and BNB Smart Chain assets.