BounceBit USD
BB The token is BounceBit an auto-rebasing, yield-bearing receipt token on the chain. When you subscribe to a V3 vault, these tokens are minted; when you withdraw, they are burned. Each BB token represents 1: 1(intent), representing an active position in a specific vault or strategy. Auto-rebasing balance yield: Yield is paid by proportionally increasing the balance, rather than changing the price of each token. Receipt semantics: Each BB token represents a real-time position in a specific V3 vault or strategy. Permissioned minting and burning: Only the vault or strategy can mint or burn tokens; transfers require no permission. Composability: Can be used with decentralized exchanges, money markets, perpetual contracts, and staking.
Overview
BB The token is BounceBit an auto-rebasing, yield-bearing receipt token on the chain. When you subscribe to a V3 vault, these tokens are minted; when you withdraw, they are burned. Each BB token represents 1: 1(intent), representing an active position in a specific vault or strategy. Auto-rebasing balance yield: Yield is paid by proportionally increasing the balance, rather than changing the price of each token. Receipt semantics: Each BB token represents a real-time position in a specific V3 vault or strategy. Permissioned minting and burning: Only the vault or strategy can mint or burn tokens; transfers require no permission. Composability: Can be used with decentralized exchanges, money markets, perpetual contracts, and staking.
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- BounceBit
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