In an exciting development, BounceBit has announced its participation in “The Surge Volt 2” with LineaBuild, utilizing BBTC. This collaboration marks a significant step for BounceBit as it expands its reach and functionality within the crypto ecosystem. Users are encouraged to bridge their BBTC tokens using Protocol_Free’s bridge. This bridging process allows users to earn LXP-L points by adding liquidity to LayerBankFi. The initiative aims to incentivise liquidity provision, thereby enhancing the overall liquidity and usability of the BBTC token across platforms.
BounceBit is joining the⚡️The Surge Volt 2 @LineaBuild with $BBTC
Bridge your $BBTC with @Protocol_Free’s bridge and start earning LXP-L points by adding liquidity to @LayerBankFi
⚫️⚪️LCT adoption is on a roll pic.twitter.com/1OnRLAqJeh
— BounceBit (@bounce_bit) July 3, 2024
To bridge BBTC tokens, users can visit Free.tech, which now supports the bridging of BBUSD and BBTC from BounceBit to LineaBuild and ModeNetwork. For quick and small transfers of less than 0.2 BBTC or 10k BBUSD, Free.tech offers a swift and efficient cross-chain asset transfer service. For larger transfers exceeding 0.2 BBTC or 10k BBUSD, users are advised to utilise the Free Tunnel powered by Protocol_Free.
How to Use the Free Tunnel
Users must connect their wallet and select the “BounceBit Token Bridge” option to initiate a transfer using the Free Tunnel. They can then choose the desired token, specify the amount they wish to receive on Mode or Linea and confirm the recipient’s address. It is important to note that bridging via this channel may take from a few hours up to three days, depending on the network conditions and transfer volume.
☀️https://t.co/z5phhsg800 now extends the bridging of BBUSD and BBTC from @bounce_bit to @LineaBuild and @modenetwork!
1️⃣ For quick and small amount transfer( <0.2 BBTC or 10k BBUSD), please use 🔗 https://t.co/JyDBMq2Wg8 for swift cross-chain asset transfers.
2️⃣ For large… pic.twitter.com/vsjLaQyXXP
— Free (@Protocol_Free) June 17, 2024
After successfully bridging their BBTC tokens, users can supply them to LayerBank’s lend and borrow market at linea.layerbank.finance/bank. By doing so, they not only contribute to the liquidity pool but also earn LXP-L points, further incentivising participation and engagement within the LayerBankFi ecosystem.
This move by BounceBit underscores the ongoing adoption and integration of LCT (LayerBank Credit Tokens) within various platforms. The strategic partnerships and incentives offered are designed to bolster the adoption and utility of LCT, paving the way for a more robust and interconnected crypto financial system.
