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.