Q1. As far as I know, there are many RWA projects out there. What sets BounceBit apart in terms of competitiveness?

Yes, let me briefly outline BounceBit’s differentiating factors.

First, we have a unique positioning based on dual hubs in Singapore and the U.S., connecting the liquidity of the East with the RWA innovation of the West.

Second, through BounceBit Prime, we enable simultaneous BTC basis trading and treasury yields, eliminating the need for users to choose between the two.

Third, our TVL has grown from $200 million to over $700 million without incentives, and as of recently, we’re generating monthly fee revenue of $2.5 to $3 million.

Additionally, we’ve secured institutional trust through collaborations with major players like Boyaa Interactive, Asia’s largest publicly listed Bitcoin holder, as well as Ethena and Ondo Finance.

We also have strategies to flexibly adapt to market conditions: BTC-based products in bull markets and dollar-based yield products in bear markets.

More importantly, by directly connecting tokenized treasuries to liquidity markets without relying on stablecoins, we enable traditional financial players to enter seamlessly.

Lastly, we’ve developed an innovative structure that doesn’t just store RWA assets but allows them to be used as collateral or settlement assets within the crypto market.

Q2. Are there any risks involved in RWA collateral management and CeDeFi protocol operations?

Yes, as a hybrid model, both centralized risks and smart contract risks do exist.

For example, with RWAs, the storage and valuation of off-chain assets need to be transparent and regularly audited. We manage this as transparently as possible through partnerships with regulated custodians and periodic disclosures.

On the CeDeFi side, centralized entities like validators or partners can pose risks, but we mitigate these through decentralized governance and dual-signature treasury operations to distribute risks.

Overall, while we acknowledge the risks, we address them systematically with transparent processes, insurance mechanisms, and structural risk separation.

Q3. What changes do you expect the partnership between BounceBit and Binance to bring to the BB token ecosystem?

BounceBit was the first token launched through Binance’s new launchpool mechanism, Megadrop, which allowed us to achieve broader and more diverse initial token distribution compared to other projects, thanks to Binance’s massive global user base.

Additionally, being directly listed on Binance has ensured high liquidity and trading volume, reducing price volatility and enabling more efficient trading.

A key point to note is that Binance operates a node directly on the BounceBit chain. On top of that, they support staking with a high annual yield of 19.9%, making it easy for regular users to participate in network security and governance without technical barriers.

We’re also looking forward to the upcoming Binance wallet integration feature, which will allow Binance users to seamlessly enter the BounceBit ecosystem, significantly lowering onboarding and product participation hurdles.

Most importantly, the fact that Binance runs a node demonstrates that BounceBit’s technical architecture and security model have been recognized at an institutional level, paving the way for potential participation from other institutional validators in the future.

Q4. Security is one of my biggest concerns. How does BounceBit ensure the safety of user assets, especially when combining centralized and decentralized elements in one platform?

BounceBit is designed with multiple layers of security.

First, user assets are stored through a regulated custodian, CEFFU (formerly Binance Custody), ensuring the safe management of sensitive assets like RWA and BTC.

All on-chain operations are based on audited smart contracts, and treasury assets are managed with multi-signature (multisig) and role-based access control, ensuring robust internal security.

Additionally, centralized components are separated and operated transparently, so issues in one area don’t spread to others.

Our CeDeFi yield strategies are operated conservatively with insurance mechanisms in place for high stability, and by using off-chain settlement (OES) to process payments outside the exchange, this also helps reduce counterparty risk.

This combination of CeFi-level security infrastructure with DeFi scalability makes our hybrid model safer than standalone CeFi or DeFi platforms, and I can say that with confidence.

Q5. What fundamental innovation does BounceBit’s CeDeFi and RWA integration model offer compared to traditional financial systems, and what global financial paradigm shift does it aim to lead?

BounceBit introduces the concept of programmable finance to traditional financial assets while maintaining regulatory compliance and user trust.

Here are a few key innovation points:

First, the yields from real-world assets (RWA) are tokenized transparently and in real-time, directly benefiting users.

Second, we’ve created a structure that allows institutions to freely layer DeFi on top of their custodied traditional assets.

Third, using Bitcoin as collateral to earn traditional financial yields is a novel approach rarely seen in TradFi.

Fourth, our validator-centric CeDeFi structure enables the expansion of functions like staking and restaking.

Lastly, the BB token goes beyond simple utility, serving roles in governance, fee discounts, and yield optimization.

By combining these elements, we can reconfigure core components of traditional finance on the blockchain without compromising legal stability or security.

Q6. How can users earn profits by restaking Bitcoin? I’d like to know how BounceBit generates profits through CeDeFi to provide yields to users, and whether the profits from restaking are stable or highly volatile.

The structure for earning profits by restaking Bitcoin on BounceBit can be divided into two main parts.

First, let me explain how BounceBit generates profits through CeDeFi.

When users deposit BTC, these assets are utilized in two ways:

One is basis trading in the derivatives market. For example, we hold spot BTC while taking a short position in the futures market, aiming for market-neutral, no-risk profits.

The other is investing in institutional-grade stable bonds (e.g., tokenized U.S. treasuries) to generate interest income. While this typically applies to assets managed in stablecoins, our structure allows BTC to be converted and utilized as collateral.

A portion of the profits generated this way is used for operational and risk coverage costs, and the remainder is distributed to users in the form of yield (APY).

Now, addressing whether restaking profits are fixed or variable: the yield is variable. It fluctuates based on market conditions (basis spreads, interest rates). However, since BounceBit employs a conservative and stable management strategy, the volatility isn’t significant, and the yield remains relatively stable.

In summary, BounceBit uses BTC restaking assets to generate profits through a conservative yet profitable CeDeFi strategy, transparently sharing and distributing those profits to users.

Q7. I’m curious about BounceBit’s long-term goals and roadmap for 2025.

BounceBit is executing several key strategies in our 2025 roadmap.

First, in Q1, we’ll officially launch BounceBit Prime—a flagship product for institutional investors that combines CeDeFi and RWA, offering dual yields from BTC-based basis profits and treasury interest.

Starting in Q2, we’ll focus on expanding the BB chain ecosystem by enhancing RWA credit markets and CeDeFi-based applications to increase liquidity and utility.

In Q3, we plan to introduce an RWA settlement and clearinghouse system to improve market stability and create an infrastructure where institutional investors can participate with confidence.

In Q4, we’ll concentrate on regulatory-compliant yield products and expanding institutional partnerships.

Another important point is the RWA restaking infrastructure we’re currently preparing. By utilizing regulated assets like U.S. treasury-backed money market funds for restaking, we aim to enhance network security while providing stable profits to users.

As market cycles mature, we’ll also shift strategies by increasing dollar-based stable yield products alongside BTC profits, helping investors protect bull market gains and achieve long-term asset growth.

• This concludes the AMA, and we will continue to host AMAs with promising projects in the future.