BounceBit published an article introducing Liquid Custody Token and Megadrop event notes.
Existing users who participate in the early access with BTCB, WBTC, FDUSD and USDT deposits will automatically be allocated Liquid Custody Tokens (LCT) of BBTC and BBUSD on the BounceBit chain. No user action is required, and this also applies to funds staked in Premium Yield Generation.
For new deposits after the Megadrop goes live, LCT will be allocated to the corresponding chain that the user has deposited. Users can bridge LST (BBTC and BBUSD) to the BounceBit Chain through MultiBit or Polyhedra to stake and participate in DeFi activities.