3 min read

Luganodes Goes Live on BounceBit Mainnet.

Dual-Staking with Luganodes

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Published on

12 May, 2024

Introduction

Luganodes is proud to announce our collaboration with BounceBit. Luganodes will serve as a key staking provider for BounceBit Bitcoin restaking infrastructure. This partnership underscores our commitment to advancing Bitcoin's integration and utility across diverse blockchain ecosystems.

Empowering Bitcoin’s Ecosystem: Luganodes and BounceBit

BounceBit focuses on the utility of Bitcoin by providing a mechanism for earning passive income, thereby adding a new dimension to Bitcoin's functionality within the crypto ecosystem. The introduction of BounceBit’s innovative dual-token Proof of Stake (PoS) represents a significant advancement in the blockchain space. By allowing validators to stake both BounceBit’s native token and Bitcoin, this model enhances the security and extends the operational use case of Bitcoin within the network.

Our collaboration with BounceBit aims to activate Bitcoin’s role within the DeFi ecosystem, shifting it from a static asset to one that is actively staked and generates yield for its holders. BounceBit’s framework facilitates this shift by incorporating Bitcoin into EVM-compatible chains and promoting the use of wrapped Bitcoin forms, such as WBTC, to expand liquidity and facilitate broader blockchain engagement.

Reliable and Transparent Staking Services

Luganodes's robust infrastructure supports a dependable and effective staking experience on the BounceBit network. Choosing Luganodes as your staking provider ensures access to our Swiss-grade technology and stringent security protocols. Our commitment to maintaining high operational standards guarantees that our validators are both efficient and rewarded appropriately, ensuring optimal returns for our stakers.

Balancing Commission and Performance

The selection of a staking provider is vital for optimising returns. Luganodes offers clear, competitive commission structures, maintaining fairness even beyond our introductory period. We focus on consistent performance and adherence to network protocols to maximise rewards and minimise risks for our clients.

Pioneering Bitcoin’s New Functionalities with BounceBit

As the first native BTC restaking chain, BounceBit’s launch marks a transformative phase in enhancing Bitcoin's use case and liquidity. Partnering with Luganodes offers more than just an investment opportunity; it is a chance to be part of a significant shift towards a more cohesive and dynamic digital future.

"As we launch our staking services for BounceBit's innovative dual-token PoS model, we are excited to contribute to Bitcoin’s integration into the DeFi ecosystem. This collaboration marks a significant step in transforming Bitcoin from a static asset into a dynamic component of the blockchain space, and we are eager to be part of this evolution."

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Anuj Shankar

CEO, Luganodes

We encourage you to leverage the unique benefits of the BounceBit network, supported by the reliability of Luganodes’s infrastructure.

About BounceBit

BounceBit is set to redefine the Bitcoin ecosystem by implementing a dual-token PoS Layer 1 architecture that not only secures but also elevates Bitcoin’s role across the blockchain. This system broadens Bitcoin's applications and strengthens its position as a foundational asset within the blockchain landscape. By melding transparent centralised finance (CeFi) models with decentralised finance (DeFi) functionalities, BounceBit fosters innovation and broadens Bitcoin's adoption, reinforcing its status in the digital age.

About Luganodes

Luganodes is a world-class, Swiss-operated, non-custodial blockchain infrastructure provider that has rapidly gained recognition in the industry for offering institutional-grade services. It was born out of the Lugano Plan B Program, an initiative driven by Tether and the City of Lugano. Luganodes maintains an exceptional 99.9% uptime with round-the-clock monitoring by SRE experts. With support for 40+ PoS networks, it ranks among the top validators on Polygon, Polkadot, Sui, and Tron. Luganodes prioritizes security and compliance, holding the distinction of being one of the first staking providers to adhere to all SOC 2 Type II, GDPR, and ISO 27001 standards as well as offering Chainproof insurance to institutional clients.

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