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BounceBit, a popular L1 blockchain, has announced the activation of native Solana ($SOL) deposits into the V3 infrastructure thereof. In this respect, with BounceBit V3, the consumers can leverage direct Solana deposits as a result of the $USDT and $SOL onboarding. As BounceBit’s official social media announcement discloses, the update permits clients to shift capital from Solana into the platform’s native $BB tokens without any dependence on bridges or wrappers. Thus, the move streamlines the onboarding procedure with direct support for $USDT and $SOL for native BounceBit funding rails.
BounceBit’s onboarding of $USDT and $SOL into the V3 infrastructure denotes a landmark in the Defi accessibility across chains. With this update, the platform lets clients move funds from Solana into BounceBit’s $BB tokens. Keeping this in view, the milestone underscores the platform’s earliest non-EVM deployment, broadening its footprint beyond the ecosystems compatible with Ethereum.
Now, BounceBit features an exclusive $SOL Strategy vault that focuses on attracting Solana-native consumers looking for yield opportunities. The exclusive interface snapshot points out that the vault’s AUM accounts for a staggering $115.44K. Additionally, its 30-day annualized return (APR) stands at 8.41%, outcompeting peer average that is 5.5%. As a result of this, the users can stake $SOL to earn rewards in $stBB while maintaining their exposure to the broader ecosystem of BounceBit.
Simultaneously, the platform streamlines the user interaction via a clean interface. It also promotes wallet connection, guaranteeing unprecedented access to yield generation and staking. The respective deployment underscores a noteworthy technical breakthrough for BounceBit, offering native Solana deposits while also binding a single address to distribute rewards. After depositing, consumers can get $BB tokens as well as $stBB-based rewards into the EVM-linked wallets. Hence, they can unlock participation across the staking modules and DeFi strategies of BounceBit.
According to BounceBit, the provision of straight Solana deposits into V3 infrastructure eliminates the requirement for wrapped assets or 3rd-party bridges. This minimizes friction along with possible security risks. The development is anticipated to add massive Solana-native capital, specifically amid BounceBit’s continued expansion of farming and institutional products. Overall, as BounceBit now operates as a cross-chain DeFi platform, it bridges liquidity between diverse ecosystems with least overhead, while significantly benefiting yield-seeking $SOL owners.
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