In the field of cybersecurity, the concept of "firewall" is well known, with its core function being to layer and intercept network attacks rather than completely eliminate risks. This idea also applies to the financial system. Looking back in history, from the subprime mortgage crisis to the LUNA collapse and then to the Celsius crash, the root of these events can be traced back to the absence of financial firewalls, leading to the unlimited spread of risks.

Recently, the BounceBit project has attracted attention in the industry. This project not only has breakthroughs in yield innovation but, more importantly, it has built a complete "financial firewall" for the Bitcoin ecosystem. By implementing a four-layer mechanism for risk isolation, BounceBit is redefining the security operation model of Bitcoin.

So, why does the Bitcoin ecosystem need such a financial firewall?

Although Bitcoin itself ensures security through decentralized consensus and strong computing power, the issues become complicated when it enters a broader financial ecosystem. For example, some platforms only use their own tokens as collateral, which can trigger a chain reaction if the price drops; some centralized financial institutions place user funds in opaque environments, increasing the risk of running away with the funds; and cross-chain wrapped assets, such as WBTC and BTCB, face the risk that problems on one chain could affect the entire ecosystem. The essence of these problems lies in the lack of effective risk isolation mechanisms.

The innovation of BounceBit lies in its adoption of a layered defense strategy. Just as we install security doors and windows at home, and equip ourselves with safes, each layer of defense ensures that even if one layer has a vulnerability, it will not lead to a total collapse. BounceBit's "firewall" system focuses on adding isolation measures to various aspects of the Bitcoin ecosystem, effectively preventing the spread of risks.

In this multi-layered defense system, the first line of defense is "asset isolation" achieved through dual staking. This mechanism aims to ensure that even in extreme circumstances, the security of users' assets can be maximally protected. Through this innovative approach, BounceBit is building a more secure and robust financial environment for the Bitcoin ecosystem, laying a solid foundation for future development.