Bitcoin is hitting new highs every day, and projects in the Bitcoin ecosystem are becoming active. On November 11, BounceBit announced the launch of CeDeFi V2, so let's take a look at this so-called CeDeFi and what it’s all about.

BounceBit @BounceBit is an innovative blockchain platform that combines the security of Bitcoin with decentralized finance (DeFi) to offer high-yield financial products.

BounceBit announced that it will officially launch CeDeFi V2 on November 11, 2024. The V1 version will close on November 4, and users must complete all pending staking or unstaking operations before this date. After November 11, all user positions will be automatically migrated to the V2 version.

  • This upgrade aims to significantly enhance the CeDeFi and BounceClub ecosystems, improve user experience, and introduce new features. The V2 version will improve the utility of $BB tokens by launching CeDeFi SaaS tools, AI agents, and more.

  • CeDeFi V2 will focus on simplifying smart contracts and asset management, providing a combination of automated and manual strategy modes, emphasizing ecosystem activities including DeFi, AI, and gaming, while introducing BTCfi, allowing users to participate in Bitcoin staking projects through BounceClub.

The CeDeFi model combines the advantages of centralized finance (CeFi) and decentralized finance (DeFi), providing users with multi-currency yield products. Let's elaborate on the business conducted by #BBCeDeFi :

1. Multi-Currency Yield Products

The multi-currency yield products offered by BounceBit CeDeFi allow users to participate in yield projects through various digital assets (such as Bitcoin BBTC and BounceBit's native token BB).

The design of these yield products mimics institutional-level strategies in traditional finance, leveraging the flexibility and low cost of decentralized protocols to increase yield, allowing ordinary users to enjoy institutional-level financial services.

2. Liquidity Custody Token (LCT)

BounceBit has partnered with centralized custody service provider CEFFU to launch Liquidity Custody Tokens (LCT), which feature strong liquidity and custody capabilities.

Users can earn actual interest income on the CeFi side by holding LCT, and also participate in DeFi activities on-chain using LCT.

LCT enables users to earn additional income in the DeFi ecosystem while protecting their assets.

3. CeDeFi Infrastructure

CeDeFi is based on BounceBit's innovative design, combining the advantages of CeFi and DeFi, ensuring compliance and transparency of traditional financial institutions while possessing the openness and automation of decentralized finance.

Through this model, BounceBit can provide high-yield products and allow users to participate easily and at low cost.

The infrastructure also provides automated smart contract management, reducing the complicated management processes for users and improving asset management efficiency.

4. Lowering the entry threshold and promoting inclusive finance

BounceBit significantly lowers the threshold for users to participate in high-yield financial products through its CeDeFi model. Typically, high-yield financial products are aimed at institutional investors or high-net-worth individuals, but BounceBit allows ordinary users to easily join. Its user-friendly interface and one-stop service process simplify every step from asset deposit to profit distribution, making it easy for beginners to understand and operate.

This bull market stems from $BTC , high-quality projects in the Bitcoin ecosystem, which we must also pay attention to, embrace innovation, and embrace #BBCeDeFi $BB