TechFlow reports that BounceBit, a native Bitcoin staking chain, has announced the launch of Liquid Custody—a service that ensures secure asset holding while maintaining liquidity, unlocking opportunities for tokens previously inaccessible.
The concept of Liquid Custody is similar to Liquid Staking, addressing liquidity shortages by pooling custodied assets and issuing voucher-like tokens in return.
Users can deposit assets into BounceBit and receive corresponding tokens, which can then be used in various liquidity mining or funding rate arbitrage strategies. Liquid Custody is not dependent on any specific blockchain and currently supports assets from Ethereum and BNB Smart Chain.
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