BounceBit, a rising name under the leadership of the cryptocurrency exchange Binance, has taken another step in launching CeDeFi products. BounceBit’s Bitcoin restaking protocol has announced its 2024 roadmap. Let’s look at the details.
BounceBit Takes a Critical Step
It is not surprising that BounceBit declares itself a pioneer in a new paradigm. In this era where Traditional Finance (TradFi) and Decentralized Finance (DeFi) converge, BounceBit’s CeDeFi framework represents a significant step in the industry. BounceBit, which raised $6 million in February, is leading the adoption of this unique framework.
This framework combines the security of Centralized Finance (CeFi) with the limitless potential of DeFi. The BTC restaking protocol stands out as a reflection of significant developments in the crypto industry.
BounceBit’s three development pillars, BounceBit Portal, BounceBit Chain, and BounceClub, are the cornerstones of this innovation. Each pillar has a designated roadmap and plays a critical role in the protocol’s success.
Each Pillar Has Different Goals
BounceBit Portal allows users to easily interact with the products offered by the protocol, while BounceBit Chain manages project deployment and execution processes. BounceClub provides a service and ecosystem for CeDeFi.
BounceBit’s designated roadmaps ensure that each pillar focuses on different goals. The Portal offers services with fixed returns, appealing to investors seeking predictable yields. Additionally, users will have the opportunity to earn extra returns from their Bitcoins.
BounceBit Chain and BounceClub
The main goal of BounceBit Chain is asset management and communication. Optimizing the Ethereum Virtual Machine (EVM) execution layer will enhance the protocol’s usability and performance, positively affecting node performance.
BounceClub will assist those looking to launch CeDeFi products. This platform will maintain a whitelist for contract deployment and create general components. However, the official website will only offer general components and will not include DApp business logic components.
BounceBit’s rise seems set to create excitement in the cryptocurrency world. Supported by the cryptocurrency exchange Binance, the crypto community will witness the power of CeDeFi in this new paradigm.
