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 Offers Native Solana Deposits with $USDT and $SOL Integration
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.
Bridging Solana with EVM Ecosystems for Cross-Chain Liquidity with Minimized Risk
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.
