CeDeFi is the mixture of CeFi and DeFi, combining the most effective options and attributes of the 2 monetary techniques. BounceBit builds on CeFi to allow Bitcoin for DeFi. It’s plain that Bitcoin is strongly related to centralized finance and is even trending in the direction of it (ETF).
After the occasions of 2022 the belief was broken, however the reality is that CeFi is right here to remain. BounceBit confronts the challenges of transparency and misuse which were prevalent in BTC finance 1.0. By using a clear CeFi mannequin, powered by Ceffu’s MirrorX expertise and Mainnet Digital’s custody companies. By off-exchange settlement options like Ceffu’s MirrorX you possibly can securely entry the massive liquidity on exchanges and earn yield via numerous buying and selling methods, whereas funds keep secure on-chain in MPC wallets.
BounceBit works with a number of skilled asset managers with a longstanding constructive return monitor file to commerce via MirrorX. The entire asset managers use Funding Price Arbitrage as their buying and selling technique. For the reason that starting of Premium Yield Technology on February fifth, the platform has amassed a complete revenue of 48.28 BTC and greater than $500K USDT, which comes out to a median APR of 15.9% for BTC and 46,29% for USDT.
CeFi on the BounceBit platform permits for belongings to be constructed on prime. Right here is the place BounceBTC(BBTC) comes into play. It’s wrapped BTC that’s backed by numerous forms of BTC in custody as collateral. BBTC may be then used on the BounceBit chain, by staking, restaking and partaking within the typical DeFi actions. You possibly can think about BBTC as one thing like a voucher that you’ve got funds in custody. The belongings locked in CeFi yield era just isn’t solely secure however may additionally earn extra yield from DeFi on BounceBit’s Layer 1 chain. It’s a positive-sum sport with decrease charges, higher safety, accessibility, pace and decrease price.
About BounceBit
BounceBit is constructing a BTC restaking infrastructure that gives a foundational layer for various restaking merchandise, secured by the regulated custody of Mainnet Digital and Ceffu. The BounceBit chain, designed as a showcase of a restaking product inside the BounceBit ecosystem, is a PoS Layer 1 secured by validators staking each BTC and BounceBit’s native token — A dual-token system leveraging native Bitcoin’s safety with full EVM compatibility. Essential ecosystem infrastructure like bridges and oracles are secured by restaked BTC. By an revolutionary CeDeFi framework, BounceBit empowers BTC holders to earn yield throughout a number of networks.
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