Mainnet is around the corner and we want to let you know how we plan on ensuring a smooth experience. Our primary focus is providing our users maximum profit, while keeping the friction as low as possible. There is a lot of factors to be taken into account, so we decided for a gradual rollout to prioritize security, safety of assets and general smoothness.
May 6
Premium Yield Generation will be paused until Mainnet. You will not be able to stake additional assets, however your existing principal will keep earning yield with the strategy chosen.
May 6 — 12
In this time frame we will onboard the initial set of professional node operators onto BounceBit Chain. When Mainnet launches, you will be able to delegate your BBTC/BB to these validators and receive LSTs in return.
May 12–13
On May 13th we will finish the distribution of LCTs for Early Access users on BounceBit Chain, BNB Smart Chain and Ethereum. If you are unsure what LCTs you will receive, please refer to this table:
May 13
BounceBit Mainnet will go public on this date. The $BB airdrop will be automatically distributed to every eligible wallet. No claiming or interacting with any webpage is required.
The $BB Megadrop on Binance will conclude on the same day and rewards will be distributed before trading opens.
⚠️Please be aware of scams telling you otherwise.
The distribution will be on BounceBit Chain, and will be completed before trading on Binance starts. Binance will open deposits before trading.
- Premium Yield Generation will reopen for new stakers.
- You can initiate withdrawal of your staked assets in Premium Yield.
- MUBI, AUCTION and DAII deposited during the Water Margin event will be returned to your wallet on Ethereum. We cover the gas fees.
May 20
Users who did not stake in Premium Yield, can withdraw their assets on May 20, i.e. Your LCTs (BBTC/BBUSD) are now redeemable for their respective assets on the respective chain. For example you can redeem BBTC for BTCB on BNB Smart Chain or for WBTC on Ethereum.
