Jack Lu built BounceBit to merge Bitcoin’s safety with DeFi’s flexibility through a hybrid CeDeFi approach.
He chose Bitcoin over Ethereum for staking because of users’ risk tolerance and consistent profit strategies.
Jack Lu may not be as well-known as Vitalik Buterin or Changpeng Zhao, but in the crypto industry’s inner circle, especially for those in CeDeFi, he is already a regular topic of conversation. Not because of his flamboyant style or controversial tweets, but because of one simple thing: he knows what the market needs, even before the market itself realizes it.
Jack started BounceBit not as a whim or a technology showcase. He saw a real problem—many people have Bitcoin, but don’t know what to do with it other than storing it.
On the other hand, the Ethereum-based DeFi sector was starting to get saturated and less attractive to big capital owners. That’s where the idea came from: what if Bitcoin could “work” like a DeFi asset, but still in a more famili
