BounceBit Announces Liquid Custody Service
BounceBit, the native Bitcoin collateral chain, announced the launch of Liquid Custody, which ensures the secure holding of assets while maintaining liquidity and providing opportunities for previously unattainable tokens. The concept of Liquid Custody is similar to Liquid Stake, which solves the problem of lack of liquidity by centralizing asset custody and providing token-like vouchers. Users can deposit assets into BounceBit, receive corresponding tokens, and then participate in different liquidity mining or fund interest rate arbitrage strategies. Liquid Custody does not depend on any specific blockchain and currently supports Ethereum and BNB smart chain assets.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitcoin could hit $100K ‘within weeks:’ Galaxy
Bitcoin hitting $100,000 is expected by the end of the year, but might happen before the holidays
There’s a $450 billion behemoth forging BTC’s path to $100k
The Crypto-Industrial Complex is always churning, gobbling up coins much faster than they can be mined and sold
Dynamic Music Data NFTs are redefining artist-fan relationships: Here’s how
Trending news
MoreCrypto prices
More
