Cryptocurrency
What is BounceBit: Liquid Restaking on Bitcoin

The concept of liquid restaking, a topic that has gained significant popularity in recent quarters, offers users the exciting possibility to extract additional value from their staked tokens.
Predominantly, however, this has been applied throughout a variety of Ethereum-based applications.
BounceBit, on the other hand, is delivering a BTC restaking infrastructure designed to provide a foundational layer for various restaking products.
In the following guide, we take a closer look at how BounceBit works, the tokenomics behind its native cryptocurrency, and more. Let’s dive in.
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What is Liquid Restaking?
Before we explain what BounceBit does, it’s important to understand the concept of liquid restaking that we mentioned above.
You might be familiar with liquid staking protocols and their liquid staking tokens (LSTs). It’s a mechanism that came to prominence with protocols like Lido. Users are able to stake their ETH into Lido (or other protocols) and receive a synthetic representation of this ETH. This is a new token that’s supposed to be pegged to the value of ETH 1:1. They could then use this synthetic ETH to carry out various operations with other protocols that support it.
Liquid restaking, on the other hand, is a process aimed at increasing the economic security of external systems. In essence, you can take your synthetic ETH (your LST) and restake it, receiving another token called a liquid restaking token.
As mentioned above, most of the LRT protocols are increasingly focused on Ethereum because of its Proof of Stake architecture.
BounceBit, on the other hand, is building a BTC restaking infrastructure that’s designed to provide a layer for restaking products on the Bitcoin network.
How do they do it? Well, let’s find out.
What is BounceBit?
In a bid to reimagine Bitcoin’s value, BounceBit proposes an infrastructure designed based on the conviction that Bitcoin should be predominantly asset-driven at the infrastructure level.
BounceBit differentiates itself as a Proof of Stake layer one ecosystem where validators are required to stake BTC and the native BounceBit token. This establishes a dual-token security system that’s aimed at strengthening the network itself but also at improving the intrinsic value of Bitcoin by providing its holders with an active role in validating the BounceBit network.
The goal is to provide a symbiotic relationship between BounceBit’s native token and BTC in an attempt to create a versatile and resilient network.
BounceBit also leverages interoperability with other networks that are EVM-compatible, incorporating staked assets such as BTCB on the “Build ‘N’ Build” (BNB) Chain and Wrapped Bitcoin (WBTC).
Now, it’s worth noting that when t comes to generating yield on BTC – there is a very unique challenge that’s inherently different from yield-generation protocols associated with Ethereum. The Bitcoin protocols can’t yield returns when the BTC is held within multi-signature wallets. This is what BounceBit confronts by integrating a centralized finance (CeFi) approach, taking advantage of Mainnet Digital’s custody services, as well as Ceffu’s MirrorX technology stack.
This essentially allows Bitcoin to maintain its presence on-chain, while also engaging in trading activities on centralized exchanges.
What Problems Does BounceBit Solve?
- Tackling Lack of Transparency
Those who were around in 2022 remember the transparency issues that plagued the industry through the likes of Celsius and others.
BounceBit incorporates on-chain proof-of-reserve (PoR), while also maintaining transparent activities in a bid to restore the trust and deliver a secure platform that allows BTC holders to earn interest.
Undoutedbly, BTC holders face the challenge of their assets being underutilized. BounceBit seeks to tackle this challenge by providing them with a means of actively engaging their assets in the thriving sectors of decentralized finance and NFTs.
- Improving Bitcoin Utility by Enabling Additional Use Cases
By extension of the above, BounceBit also commits to expanding the overall utility of BTC and Bitcon’s network as a whole. The goal is to broaden the scope of opportunities for BTC holders and leverage the cryptocurrency as a major asset.
- Unifying BTC Across Chains
BounceBit identifies the absence of a smart contract platform within Bitcoin’s ecosystem as limiting the overall development of dApps and works to provide one.
Understanding BounceBit’s Infrastructure
BounceBit is building a network that leverages the well-known Proof-of-Stake (PoS) consensus algorithm to rethink conventional staking models that focus on a single token. They call this approach Dual-Token Proof of Stake (PoS).
In light of the above, it’s worth explaining that the protocol’s architecture incorporates a number of node operators. These can be selected as validators. These are parties that have to stake BB (the native token of BounceBit) and/or BBTC (staked BTC on the BounceBit chain). Their job is to record and verify the transactions on the network and as a reward – they receive transaction fees. As it’s a hybrid model, validators can choose to accept BBTC and/or BB tokens.
The purpose of accepting BTC, albeit staked, in the consensus mechanism, is to bootstrap the protocol with the deep liquidity that Bitcoin’s network has to offer, while also taking advantage of its relatively lower volatility.
Sustainable Validator Economics
In a bid to balance the requirements for operating the network, BounceBit empowers its validators to charge a commission on the staking rewards. This is an approach that attempts to ensure that validators are compensated appropriately for the important role that they play in maintaining the robustness and functionality of the network.
BounceBit’s chain is fully compatible with both the Ethereum Virtual Machine and with Solidity. The latter is the programming language that’s predominantly used to create smart contracts for Ethereum. This ensures that the migration for developers would be seamless while also leveraging the proven security and abundant ecosystem of Ethereum.
BounceClub: For Owners and Members
The BounceClub takes inspiration from Apple Inc.’s strive for innovation. It is an on-chain Web3 world where users are empowered to customize, launch, and engage with various dApps.
For BounceClub Owners -> If you meet the criteria to own a BounceClub, you will be able to select desired protocols from the BounceBit App Store and customize the space seamlessly and in a very user-friendly way. There’s a complete guide on it that you can find here.
For BounceClub Members -> Say you’re not interested in operating a BounceClub, you can still browse the various clubs that are created by other users and engage in different Web3 activities. You would only need to get your wallet connected.
The main purpose of the BTC bridge within BounceBit’s ecosystem is to provide a secure way of transferring BTC between Bitcoin’s network and other EVM Chains, including BounceBit.
It is a critical component of the functionality and the completion of BounceBit’s vision and purpose.
It’s important to note that network validators are responsible for maintaining the security of the bridge. Each validator also operates a bridge node. They contribute to the signing of cross-chain messages, taking the multi-signature approach multiple steps further. You can find out more about the BounceBit BTC bridge here.
The Liquid Staking Tokens
BounceBit has a native liquid staking smart contract. If users opt-in to stake their BB or BTC, they will receive an LST (liquid staking token). These are:
- stBB – derived from staking BB
- stBBTC – derived from staking BBTC (BTC staked on BounceBit)
These can be later restaked to Shared Security Clients with the aims of aggregating security and unlocking liquidity of staked assets. LSTs can be redeemed here by simply unstaking. Following the redemption request, users have to wait for 24 hours before they can claim.
BounceBit Economy: Everything You Need to Know About BB Tokenomics
First things first, BounceBit’s economy is primarily composed of three types of actors, all of which are relatively self-explanatory:
- Users
- BB Holders
- Node operators
BB is the native token that powers the BounceBit platform. The total supply is capped at 2.1 billion (paying homage to the number of 21 million – Bitcoin’s capped supply.)
BB tokens can be used in multiple ways, so we will list a few of them:
- Use BB to take part in the on-chain governance process
- Stake BB to participate in the PoS Dual-token mechanism (read above)
- BB is paid out as a reward for validators who secure the network
- It’s the denomination of gas fees on the network
Here’s what the token release schedule looks like:
This is the BB token distribution:
Testnet & TVL Incentive: 4%
Investors: 21%
Team: 10%
Advisors: 5%
Binance Megadrop: 8%
Market Making: 3%
BounceClub & Ecosystem Reserve: 14%
Staking Reward & Delegation Program: 35%
The Binance Megadrop: Step by Step Guide
As you can see, the Binance Megadrop has 8% of the total supply reserved for it. It is a new token launch platform that’s designed to integrate Binance’s Simple Earn and the Web3 Wallet of the company.
It aims to provide users with early access to certain Web3 projects well before they are listed on the exchange.
The following is a step-by-step guide on how to participate in the Binance Megadrop for BounceBit.
There are two ways to participate, and both require a Binance account.
You can register one using this link and also earn a $600 welcome bonus as an exclusive deal for CryptoPotato readers!
Now that your account is ready, the first thing you can do is navigate to the Megadrop section and lock your BNB to earn scores. From there, you can subscribe to your BNB and lock it for a certain period of time, thus earning a score.
As you can see, the longer the subscription period, the higher the multiplier is.
The next thing you can do is complete Web3 quests. To do so, you will need the Binance Web3 Wallet. You can create one from your Binance mobile application. Navigate to your “wallets” tab at the bottom and then tap on the “Web3” at the top.
From here, simply follow the instructions, and your Web3 wallet will be generated. Now that your wallet is complete, navigate back to the Megadrop section and hit the “Start Quest” at the bottom – you will have to stake with BounceBit.
From there on, you can follow the instructions, which will guide you toward quest completion.
The total score you receive will be a combination of your Locked BNB score, your Web3 quest multiplier, and will also add your Web3 quest bonus. So the formula looks like this:
Total Score = (Locked BNB Score * Web3 Quest Multiplier) + Web3 Quest Bonus.
If you fail to finish all the quests, you will receive a multiplier of just 1.
This post has been powered by BounceBit.
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Cryptocurrency
From Chaos to Composability: Enso’s Connor Howe on Rethinking Web3 Infrastructure

Few startup journeys begin with a vampire attack, but for Connor Howe, CEO and co-founder of Enso, that chaos became a proving ground.
What had started as a social DeFi platform quickly evolved through hard-won lessons into something that’s currently far more ambitious – a unified intent engine for Web3, a DeFi super app, if you will.
In this interview, Howe reflects on the pivots, the pain points, and the revelations that led to Enso’s vision of radically simplifying on-chain development. He shares how intent-based design shifts developer thinking, what it means to build with abstraction in mind, and why Enso’s recent $3B milestone is just the beginning.
From vampire attacks to intent engines — Enso’s journey has evolved rapidly. Looking back, what was the pivotal moment when you realized shortcuts and intent-based development weren’t just features, but the foundation for a whole new kind of infrastructure?
We’ve been through two pivots to get to where we are and have experienced the hurdles of building in Web3 firsthand. We started with the vampire attack and a social trading product, where we integrated 15 DeFi protocols. That alone took months and over $500k in audits. Then we pivoted to a DeFi super app, which required even more protocol support. But in that process, we discovered a fast and secure way to integrate any protocol and standardized common onchain actions across smart contracts. When launching the DeFi super app, we supported 50+ protocols. Other builders noticed and started asking how we did it. So we spun up an API, and in the first week, it saw $11M in volume.
That was the moment it clicked. Shortcuts aren’t just a feature, but the foundation. We don’t have too many apps in Web3, we have too few. And it’s because building them is too hard. We lived through that pain, and built Enso to fix it. Not just for us, but for everyone.
One of the most persistent issues in Web3 is fragmentation across chains and protocols. Enso proposes a unification layer through intents, but what are the biggest architectural or governance challenges in maintaining that kind of composability across a decentralized landscape?
One of the biggest architectural challenges is that every blockchain speaks a different “language”, i.e. different speeds, block sizes, and quirks in how contracts are written, deployed and executed. Composability becomes a nightmare when you’re a developer trying to stitch together these fundamentally different systems.
Enso acts as a unification layer that approaches this from the bottom up. Rather than forcing developers to think in terms of chain-specific implementations, Enso abstracts that complexity away. To make this scalable, the Enso network encompasses the full stack for reading data and executing onchain. It’s a decentralized, open network where developers and AI agents can contribute data feeds and smart contract information, enabling fast, reliable execution across an ever-growing number of blockchains.
The idea of intent-driven development sounds intuitive, even obvious, once you hear it — but it challenges decades of imperative software thinking. What do you think needs to shift in developer mindsets (especially from Web2) for shortcut engines to feel natural?
Developers need to shift from thinking in actions to thinking in outcomes. In Web2 and traditional Web3 development, the focus is on defining every step manually. But in an intent-driven model, you define what you want, not how to get there, and let the engine handle finding the best route. That requires trust in orchestration layers, but more importantly, a philosophical shift: abstraction is not a loss of control, it’s a gain in efficiency. Web2 devs already work with high-level APIs and compilers. Blockchain shortcuts are just the next evolution in Web3: reliable, proven paths of execution that fulfill intent requests.
Graphers and Action Providers form the core of how Enso generates and optimizes on-chain solutions. What have you learned from watching these roles in action?
The Enso network is powered by three core participants:
- Action Providers contribute modular smart contract abstractions.
- Graphers build algorithms that combine these actions into executable solutions. Only one solution is selected per request, so graphers are rewarded for finding the most optimal path.
- Validators secure the network by authenticating requests, verifying contributions, simulating transactions, and validating the final solution.
Each request to Enso incurs a query fee, paid in ENSO tokens and distributed across all three roles. This creates a flywheel: more usage leads to more rewards, driving further contribution, optimization, and decentralization.
At the time of writing, the Enso token sale is live on CoinList, giving everyone the chance to become part of and participate in the Enso network at favorable terms.
You’ve spoken before about how most Web3 teams are forced to “choose what frameworks they support” due to limited resources. Do you think we’re nearing a point where this kind of technical exclusivity will become obsolete?
Enso is working on making this obsolete by unifying all smart contracts, chains, and protocols into one network. Web3 teams will no longer be forced to choose from different frameworks, they will have a single point of access with read and write functionality to interact with any smart contract on any chain from a single integration. This will empower developers to build seamless, consumer-facing applications used by hundreds of thousands of users.
Enso recently hit a major milestone, achieving more than $3 billion in transaction volume. What’s next?
Supporting Berachain’s launch and their pre-deposit campaign “Boyco” as the main infrastructure provider was a big accomplishment for the whole team. Enso’s infrastructure processed $3.1B in 3 days, one of the largest liquidity migrations in DeFi’s history. It proved not only the value of Enso, but also demonstrated the reliability and scalability of the infrastructure under real conditions.
As a next step, Enso is evolving from a powerful API into a fully decentralized network. First, we will open up the Enso DeFi library, allowing anyone to contribute contract abstractions, broadening the opportunities, and enabling even faster development.
Enso is currently available on many EVM chains, and another large innovation will be expanding to Solana and Move based blockchains. This expansion will further enhance our customers’ ability to build composable applications and interact with all of the blockchain ecosystem through one source.
Disclaimer: The content shared in this interview is for informational purposes only and does not constitute financial advice, investment recommendation, or endorsement of any project, protocol, or asset. The cryptocurrency space involves risk and volatility. Readers are encouraged to conduct their own research and consult with qualified professionals before making any financial decisions. This interview was conducted in cooperation with Enso, who generously shared their time and insights. The content has been reviewed and approved for publication in mutual understanding. Minor edits have been made for clarity and readability, while preserving the substance and tone of the original conversation.
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Cryptocurrency
Cardano (ADA) Price Predictions for This Week

ADA failed to hold above 60 cents as it seeks support lower.
Key Support levels: $0.50, $0.45
Key Resistance levels: $0.64, $0.90, $1.3
1. Sellers Pushed ADA Under 60 Cents
With buyers remaining on the defensive, ADA’s price fell under 60 cents and appears unable to reclaim this key psychological level. At the time of this post, the price is under $0.58 and could fall to the support at $0.50 where buyers showed interests in the past.
2. Bearish Momentum Increases
The daily RSI fell into oversold territory on Sunday and bounced outside of this zone on Monday. However, at this time, this indicator is falling again. This shows weakness in the price action and inability of buyers to reverse this downtrend. Hopefully, the support at 50 cents will stop the selloff.
3. Sellers Dominate
The daily volume shows that sellers are making higher highs. They hold the initiative and can dictate price direction. Bounces are brief and are likely the result of shorts being closed which means sellers need to buy to close positions. Unfortunately, the price also made a lower low on Sunday which is a bearish signal.
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Cryptocurrency
Critical Ripple Upgrade Hitting the XRP Ledger: What You Need to Know

The XRP Ledger (XRPL) has launched version 2.5.0 of its software, bringing several improvements to the network.
This marks a major step for XRPL, which is working to compete more directly with blockchain platforms like Ethereum and Solana.
Updates and Bug Fixes
One of the release’s most notable features is support for batch transactions. This allows multiple requests to be grouped and processed together as a single unit, improving efficiency and enabling complex multistep operations.
Another key update adds escrow support for RLUSD and other crypto assets on XRPL. Escrows can now interact with trustline-based tokens as well as multi-purpose ones. This enables automated and secure payouts, which can be useful for setting up vesting schedules and managing deposits within applications.
Version 2.5.0 also introduces permissioned decentralized exchange (DEX) controls and permission delegation. The former gives developers control over who can participate in exchanges, helping projects meet regulatory requirements. The latter allows users to provide specific access rights to another wallet, offering more account management and automation flexibility.
Furthermore, the update brings several bug fixes affecting RPC responses for tem codes and NFT interactions with trustlines. Vet, a popular XRPL validator, said these changes will make its software run faster, more efficiently, and more stably.
New Features and Improvements
The XRPL software update has also brought new features and enhancements to improve performance, reliability, and developer experience. The network can now handle more transactions simultaneously, and the relay logic has improved.
XRPL Commons has also been added as a trusted bootstrap cluster, which supports better network connectivity. In addition, the upgrade fixes an issue related to conflicting signing methods by improving how the system handles transactions from accounts using multiple signers.
Other changes include better memory usage, reduced duplicate network traffic, faster build times, clearer documentation, and updated developer tools. Build instructions have also been improved for systems using Ubuntu 22.04 and above.
Leading up to the update, daily XRPL addresses soared seven times, jumping from around 40,000 to nearly 295,000. Meanwhile, whale wallets also set a new record by hitting an all-time high of 2,708, the largest number in the network’s 12-year history.
This growth comes as other blockchains like Solana face declining metrics, including a $2.5 billion capital outflow and a 90% drop in DEX volume since its January peak of $36 billion. The platform is also facing reduced meme coin activity due to competitors like BNB Chain. Ethereum has also been affected by scalability issues, leading to congestion and high gas fees during peak periods. Following the upgrade, XRP has gained nearly 6% and is trading at $2.20.
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