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Enabling real yield with RWA // $₿₿ Backed by @blockchaincap @yzilabs @BreyerCap

BB Chain
Joined January 2024
Photo by BounceBit (@bouncebit)Photo by BounceBit (@bouncebit)Photo by BounceBit (@bouncebit)Photo by BounceBit (@bouncebit)Photo by BounceBit (@bouncebit)Photo by BounceBit (@bouncebit)Photo by BounceBit (@bouncebit)Photo by BounceBit (@bouncebit)Photo by BounceBit (@bouncebit)Photo by BounceBit (@bouncebit)
Borobudur is officially live. Franklin Templeton’s BENJI and CeDeFi strategy positions now allow access to 0% interest $BB credit. A new primitive for tokenized assets: one position supporting both yield and credit.
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Ipsos asked Americans open to trying onchain finance what they’d use it for. 85%: save money 82%: earn interest 24%: lend or borrow crypto They don’t want DeFi mechanics. They want yield on their savings. That’s what tokenized treasuries are for.
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A note for smaller balances. Snapshot balances below 10 BB were not included in the automatic distribution. These can be claimed at portal.bouncebit.io with the same address you held BB on. We will never message you first, be aware of unofficial links.
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The BB token migration to BNB Chain is complete. All snapshot balances have been distributed 1:1 to every holder. Deposits and withdrawals have reopened on Binance, Gate, MEXC, Bitget and more. Remaining venues will follow soon. Back to shipping.
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Additional announcements from exchanges will be added to the thread as they become available.
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$BB goes live on @BNBCHAIN tomorrow. 🗓 Sept 1, 06:00 UTC — distribution begins. Every snapshot balance, 1:1, straight to the address you already hold. 🗓 Sept 1, 07:00 UTC — Binance reopens BB deposits & withdrawals on BNB Chain. Other exchanges will follow, please see announcements below.
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We have identified an issue affecting BounceBit Chain and have paused nodes out of caution while we deploy a fix. BB transactions are temporarily unavailable. This is limited to the chain itself, the CeDeFi app is not affected, and neither are smart contracts or vaults. No private keys were exposed and no user wallets were compromised. Nothing is required from users. The chain upgrade is scheduled for 23 August, 09:00 UTC. Exchange deposits and withdrawals are paused until it's live. We'll confirm here once the upgrade is live.
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5/ The next step is to support more yield-bearing crypto and tokenized fund positions through the same model. BB Credit will later also be usable on BB Perps. One Big Bank.
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