Jack Lu established BounceBit to combine Bitcoin's security with DeFi's flexibility in a CeDeFi model.
He opted for Bitcoin over Ethereum for staking due to user risk tolerance and consistent profit strategies.
Jack's CeDeFi vision aims to address the issue of idle Bitcoin by making it work in a DeFi-like manner within a familiar ecosystem.
Despite facing challenges and uncertainties, Jack Lu's innovative approach in the crypto space garners interest and investment, showcasing potential for long-term success.