BounceBit Releases Liquidity Custody Tokens and Megadrop Event Notes

ChainCatcher message, BounceBit's official announcement states that existing users participating in the early experience with deposits of BTCB, WBTC, FDUSD, and USDT will automatically receive liquidity custody tokens (LCT) of BBTC and BBUSD on the BounceBit chain. No user action is required, and this also applies to funds staked in Premium Yield Generation.

For new deposit funds after the launch of Megadrop, LCT will be allocated to the corresponding chain of the user's deposit. Users can bridge LST (BBTC and BBUSD) to the BounceBit Chain via MultiBit or Polyhedra to stake and participate in DeFi activities.