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Cryptocurrency BB Token has expanded to Ethereum, enhancing cross-chain access and liquidity.
According to an announcement shared with CoinDesk on Monday, the BB Token has integrated with LayerZero's Omnichain Fungible Token (OFT) Standard to facilitate the cross-chain operability.
The development marks a significant step in the upaya to build institutional capital bridges, as noted by BounceBit.
A seamless cross-chain bridge is now live, allowing users to easily bridge their BB tokens between the BounceBit Chain and Ethereum.
To ensure security and for verification purposes, BounceBit has provided the official contract addresses for the BB Token on Ethereum:
BB Token (贿赂代币): 0xd459ECeddafcc1d876a3be7290A2E16e801073a3
Uniswap V3 Trading Pair: 0x33b8213dE159884531957097F1722a12436014CC
What does this mean, exactly?
The move to Ethereum is more than just an expansion of cross-chain capabilities. It signifies a commitment to creating a more inclusive and accessible blockchain ecosystem, particularly for institutional investors.
By utilizing LayerZero’s OFT Standard, the expansion aims to enhance liquidity across chains, reduce friction for institutional participants, improve capital efficiency, and seamlessly integrate with Ethereum’s robust DeFi ecosystem.
The community is invited to explore the new bridging capabilities through BounceBit's official portal.
Users are reminded to always verify contract addresses and to use the official bridge interface available at BounceBit's portal.
As the $BB ecosystem continues to grow, more updates are anticipated to further enhance institutional capital bridges.
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