悟 means “seeing into one’s true nature.”
Introduction
As we continue our journey within the CeDeFi and BounceBit ecosystems, we have received extensive feedback from our community and explored various approaches to product development. BounceBit V2 represents a comprehensive upgrade to both CeDeFi and BounceClub, designed to enhance your experience within the BounceBit ecosystem.
Our philosophy is to deliver products that are not only highly functional but also exceptionally user-friendly. The CeDeFi platform features both horizontal and vertical integration to maximize yields while ensuring safety and transparency. BounceClub introduces a novel experience by consolidating all aspects of cryptocurrency into one cohesive space. By developing our own ecosystem products, we aim to make our blockchain stand out in terms of innovation and utility.
The product positioning has changed: CeDeFi will now focus exclusively on CeDeFi-related products, primarily trading and asset management. BounceClub will concentrate on ecosystem activities, including DeFi, AI, and gaming. Additionally, BounceClub will introduce BTCfi, allowing users to utilize stBBTC for accessing BTC staking projects such as Babylon and Eigenlayer.
CeDeFi V2
BounceBit CeDeFi V2 represents the next evolution in CeDeFi solutions, designed to significantly enhance the user experience while introducing a range of new features. Staying true to the core principles of CeDeFi and the foundational aspects of its current version, V2 aims to provide more thought-out functionality, improved scalability, and strategic flexibility. We are aiming for the first releases in Q4 this year.
Core Components
BounceBit CeDeFi V2 rethinks the structure of the current model. It introduces a series of innovative tools and capabilities designed to streamline and optimize the financial operations of both individual users and institutions. At the heart of this upgrade is a commitment to ease of use, efficiency, and the seamless integration of traditional finance CeFi and DeFi elements.
1. CeDeFi SaaS: Simplifying Smart Contract and Asset Management
BounceBit’s CeDeFi Software-as-a-Service (SaaS) offering is engineered to address two primary challenges in the current digital asset management landscape, minimizing friction and facilitating smoother operations:
Rapid Deployment of Smart Contracts and Asset Management Environments: By leveraging the robust infrastructure of CEFFU (Centralized Exchange for Financial Futures), CeDeFi SaaS enables project teams to quickly create comprehensive ecosystems for smart contracts, custody, and asset management. This platform provides a variety of pre-designed smart contract templates, which teams can easily adopt and customize to fit their specific needs. Teams can configure their operational workflows within dedicated workspaces, ensuring a secure and controlled environment.
Streamlined Interaction Through the Asset Manager Portal: The Asset Manager Portal serves as a bridge between asset managers and project teams, promoting efficient communication and collaboration. Asset managers are integrated into the network, allowing them to offer their services as suppliers. This portal also facilitates the management and execution of settlements, ensuring that all financial processes are handled transparently and efficiently through a centralized management portal. This connectivity and ease of access significantly reduce operational delays and enhance the overall efficiency of financial transactions.
2. Hybrid Product Offerings: Balancing Automation with Control
Recognizing that different users have different needs and preferences, BounceBit CeDeFi V2 offers a choice between automated and manual product modes. This dual approach caters to both hands-off users who prefer simplicity and those who seek more control over their financial strategies.
Auto Strategy: The Auto Strategy mode is designed for users who prefer a more passive approach to asset management. In this mode, the system automatically selects the most suitable combination of asset managers to execute delta-neutral strategies, which are strategies designed to balance positive and negative exposure to minimize risk. This automated process leverages advanced algorithms and market analysis to optimize performance, making it ideal for users who want a ‘set it and forget it’ approach. Auto Strategy eliminates the need for users to make complex decisions, thereby reducing the time and effort required to manage their portfolios.
Manual Strategy: For users who prefer to have direct control over their investment decisions, the Manual Strategy mode operates similarly to the original version (V1). In this mode, users have the flexibility to manually select their own asset management teams and their strategies. This approach is suited for experienced investors and asset managers who have specific preferences and strategies that they wish to implement. By maintaining the option for manual control, BounceBit CeDeFi V2 empowers users to tailor their financial operations to meet their individual goals and risk tolerance.
Strategy Expansion and Competition
In our ongoing efforts to provide diversified investment opportunities and cater to a broader range of investor preferences, we are expanding our suite of supported strategies. Currently, our platform focuses exclusively on funding rate arbitrage delta-neutral strategies, which offer a low-risk approach to generating returns. However, we recognize the importance of offering a variety of strategies to meet the different risk appetites and financial goals of our users.
Expanded Strategy Offerings: We are introducing new strategies that will include Commodity Trading Advisor (CTA) strategies and structured products. These additions are designed to provide more sophisticated options for investors looking for higher potential returns or different risk profiles. CTA strategies typically involve trend-following and diversification across various asset classes, offering opportunities to capitalize on market movements. Structured products will offer a combination of traditional and derivative financial instruments, tailored to deliver specific investment outcomes.A more diverse offering of financial products aligns with our vision of being a useful product under any market condition and cycle. This philosophy follows Ray Dalio’s All-Weather theory.
Competition and Challenge Scheme for Asset Managers: To maintain high standards of performance and continuously optimize returns, we will implement a competition and challenge scheme for asset managers. This scheme will serve multiple purposes: it will incentivize top-performing managers through rewards and recognition, while also identifying and replacing underperforming managers. By fostering a competitive environment, we aim to ensure that our clients’ assets are managed by only the most skilled and effective professionals. It has similarities to an ELO system that will be adjusted after a testing period. More details on this will be revealed soon.
Upgraded Calculation Methods and Operational Rules
To further enhance the user experience and optimize the operational efficiency of our platform, we are implementing a series of upgrades to our subscription, redemption, and profit distribution rules. These changes are designed to offer greater flexibility, transparency, and user control over their investments.
Enhanced Profit Compounding Options: The power of compounding is often understated, but on a longer timeframe it is very impactful. And since many of our CeDeFi products are based on longer timeframes, V2 will now have the option to automatically compound returns. By reinvesting profits back into their chosen strategies, users can benefit from the effects of compound interest, potentially increasing their overall returns over time.
Improved Redemption Processes: The redemption period for investments will be significantly shortened to less than seven days, providing users with quicker access to their funds. Additionally, partial redemptions will be supported, giving users more flexibility in managing their investments. This enhancement ensures that users can withdraw a portion of their investment without needing to liquidate their entire position — something that is not currently possible in V1, but an issue that is definitely worth addressing as it allows for a much more dynamic management of funds.
Daily Performance Calculations: To provide greater transparency and allow users to closely monitor their investments, performance calculations will be conducted on a daily basis. This daily tracking enables real-time insights into the performance of their funds, empowering informed decisions and adjustments as needed.
Streamlined User Flow Experience
Recognizing the need for a more intuitive and efficient user experience, we are significantly refining the workflow for engaging with our CeDeFi products. The current process requires multiple steps, including depositing funds, bridging, staking, and then subscribing to premium products. This can be time-consuming and complex for users.
Direct Subscription Model: The new product design will allow users to subscribe directly to CeDeFi offerings without the need for intermediary steps like bridging and staking. This streamlined process will reduce the number of actions required from users, making it easier and faster to start benefiting from our products.
Automatic Yield Farming: To further simplify the user experience, we are introducing an automatic farming feature that will enable users to earn their BB yield seamlessly. Users will no longer need to engage directly with the CeDeFi platform on the BB chain to benefit from yield farming opportunities. This automated process will take care of yield generation, enhancing user convenience and maximizing returns.
Multi-Chain Compatibility: In addition to improving the user flow, we are expanding our product’s compatibility across multiple blockchain networks. Users will be able to access and enjoy our CeDeFi products on popular blockchains, including Ethereum, BNB Chain, TON, and Solana. This multi-chain approach provides users with flexibility and choice, enabling them to engage with our offerings on the platform that best suits their preferences.
CeDeFi Trading
CeDeFi V2 will expand on the potential of CeDeFi of enhancing the trading experience on-chain — on multiple chains.
The goal is to provide the best of both worlds: the speed and liquidity of a major exchange like Binance and the transparency and security of blockchain technology.
We are utilizing the liquidity that assets possess on centralized exchanges and are building the robust connection between blockchain and CEX. The main facilitator are exchange APIs that allow the rapid mirroring of trades on exchanges, and allow the settlement on-chain with liquidity.
The trading engine will be powered by BBUSD as denominator. It is a platform that will allow the liquid trading of virtually any token available on centralized exchanges, but on-chain. Furthermore, deposit & withdrawal of dollar assets on the respective chain will be available. In the near future we are aiming for a deployment on BounceBit Chain, Ethereum, Solana and BNB Chain.
Lower gas fees, lower transaction fees, lower slippage, lower spread, quicker settlement. While currently focused on BB, BTC and USDT, we have plans to expand its offerings. More cryptocurrencies and trading pairs will be added, making it a comprehensive platform for efficient trading on & beyond BounceBit.
$BB CeDeFi Utility
Currently, the $BB utility is directly bound to being the gas token of our Layer 1 network. It is used for paying the gas fees, incentivize validators and protocol participants, as well as governance token to vote for on-chain proposals. With CeDeFi V2, $BB will be directly integrated with the CeDeFi model as highly-functional platform token that will benefit not only retail $BB holders, but also asset managers and their users.
The utility of BB tokens in CeDeFi products:
BB as a subordinate fund product: BB holders can participate in high-risk products by staking BB as a subordinate fund. If the product makes a profit, BB stakers will receive dividends. If it incurs losses, the staked BB will cover the loss.
BB as an entry “ticket” for low-capacity products: For some high-yield products, users must stake BB tokens to subscribe.
BB as a reward for asset managers: Each month, asset managers with the highest APY receive BB rewards. Asset managers with the lowest performance must purchase BB tokens to be relisted after being delisted.
Increased incentives for asset managers: Asset managers can offer additional incentives by distributing more BB tokens to their clients.
The transition to V2 will also mean a shift for the usual processes on the BounceBit Chain. The “DeFi” part of BounceBit, i.e. Bitcoin staking & restaking will be transitioned to BounceClub. More information in the following.
BounceClub V2
A Comprehensive Preview
BounceClub was launched on Mainnet on 13th of May 2024. The ecosystem part of BounceBit follows an industry-first blockchain & smart-contract model. Anyone who owns a BounceClub, is able to deploy smart contracts onto the BounceBit network. It is a very individualistic approach.
This model is about to get a few fundamental additions with BounceClub V2 launching in Q3 of this year.
Holistic Experience
BounceClub V2 by BounceBit represents a significant step towards making blockchain technology more accessible, interactive, and tailored to individual or community needs. Whether you’re looking to dive into the world of Web3 as a creator or a participant, BounceClub V2 offers a platform where your imagination can be the limit, all secured by the robust foundation of Bitcoin’s blockchain.
Here’s an in-depth look at what’s coming with BounceClub V2.
1. BTCfi: Bridging and Earning Made Easy
Deposit and Bridge:
The BTCfi module in BounceClub V2 begins with deposit and bridging, allowing users to exchange Bitcoin (BTC) on a 1:1 basis for Bounce Bitcoin (BBTC). This seamless conversion is the first step into the Bounce ecosystem, ensuring that users can easily transition their BTC holdings into a more versatile and productive asset. By leveraging this bridge, users open up a multitude of opportunities within the BounceClub V2 landscape.
Stake Through LSD/Node Staking:
Once users have acquired BBTC, they can further enhance their holdings by staking them. BounceClub V2 introduces Liquid Staking Derivatives (LSD) and Node Staking options, giving users stBB or stBBTC tokens in return. These staking options not only secure the network but also allow users to earn rewards. The use of LSDs ensures that even staked assets remain liquid, enabling users to maximize their capital efficiency without compromising on potential gains.
Link to DeFi & Restaking:
Taking staking to the next level, BounceClub V2 introduces restaking capabilities. Users can restake their stBBTC into various vaults to access a wide array of yield-generating opportunities. By doing so, users can compound their earnings and explore different DeFi strategies, all within the ecosystem.
We will be introducing Bitcoin Restaking Vaults in collaboration with the top Bitcoin finance protocols.
We are working with Babylon, Symbiotic, Swell, Lombard, Lorenzo and Eigenlayer to bring more utility to BBTC and stBBTC and enable more yield opportunities for & through BounceBit assets.
The yield market in BounceClub V2 offers users the ability to restake their stBBTC into various vaults. By doing so, they can explore diverse yield opportunities and optimize their earnings. This restaking feature ensures that ucan continually reinvest their assets for compounded growth
2. AI Club: The Power of Intelligence
Profile Creation:
The AI Club in BounceClub V2 is an exclusive feature that leverages the power of artificial intelligence to enhance user experience. Users who own a BounceClub can create their own AI Agent profiles. This exclusivity not only adds a layer of prestige but also provides a personalized touch to the AI interaction, tailoring insights and strategies to individual preferences and goals.
AI Agent Interaction:
Once users have set up their AI profiles, they can engage with these intelligent agents for a range of purposes. Whether it’s seeking market predictions, investment advice, or automated trading strategies, these AI agents act as sophisticated tools that enhance the decision-making process. The agents are designed to provide accurate and timely insights, helping users navigate the often complex and volatile crypto markets.
AI Trading Bot:
One of the standout features of the AI Club is the integration of AI Trading Bots. These bots can automate trading strategies, executing buy and sell orders based on predefined parameters and real-time market conditions. By taking the human emotion out of trading, these bots can optimize profitability and reduce the risk of impulsive decisions.
Buy/Sell Agents:
BounceClub V2 also introduces a marketplace for AI agents. Users can buy and sell AI agents within the platform, allowing for a dynamic exchange of intelligence and strategy. Whether a user wants to upgrade their current agent or monetize a successful one, this feature adds a new layer of interaction and utility within the ecosystem.
Agent Interaction Interface:
The interface for interacting with AI agents is intuitive and user-friendly. Users can communicate with their agents via a chat window, where they can send messages, attach files, or request specific data. This direct line of communication ensures that users can get the most out of their AI agents, making real-time adjustments and inquiries as needed.
Agent Creation:
Creating an AI agent is a streamlined process in BounceClub V2. Users can either fill out a form or engage interactively with an AI assistant to create their agents. They can connect these agents to knowledge bases and real-time data sources, ensuring that their AI remains informed and capable of making insightful recommendations. This customizable creation process allows AI agents to be tailored to specific tasks, be it trading, research, or project management.
On-Chain Transaction Analysis:
To add another layer of functionality, AI agents in BounceClub V2 are equipped with on-chain transaction analysis capabilities. By analyzing blockchain data, these agents can provide insights into transaction patterns, identify potential investment opportunities, and flag suspicious activity. This feature aims to give a comprehensive understanding of the blockchain environment, enhancing both security and strategic decision-making.
3. DeFi: A Robust Suite of Financial Tools
Dashboard Overview:
BounceClub V2’s DeFi dashboard is designed to be the control center for all financial activities within the platform. Users will find a comprehensive overview of all yielding products and their current statuses. This centralized hub allows users to monitor their investments, assess performance, and make informed decisions on where to allocate their assets for maximum yield.
Interaction Features:
Swap: The DEX will be completely integrated with BounceClub as native DeFi primitive. Users can effortlessly swap between existing trading pairs within the platform. This feature ensures liquidity and flexibility, allowing users to react to market changes and adjust their holdings accordingly.
Quanto: This unique product allows for speculation on BTC prices using BB as denominating currency. By offering a novel way to engage with market movements, Quanto provides an additional avenue for profit.
Launchpad: Another DeFi primitive, launchpads. This product will support the creation and distribution of new tokens, providing an easy way to launch for innovative projects.
Stablecoin: BounceClub V2 introduces a stablecoin feature that allows for minting stablecoins using BBTC as collateral, seamlessly blending stability and growth potential in the crypto market. By locking BBTC to issue a stablecoin pegged to stable assets like the US dollar, this feature provides a safeguard against market volatility, allowing investors to maintain portfolio stability while remaining engaged in the crypto space.
Staking: BounceClub V2 introduces Liquid Staking Derivatives (LSD) and Node Staking options, giving users stBB or stBBTC tokens in return. These staking options not only secure the network but also allow users to earn rewards. The use of LSDs ensures that even staked assets remain liquid, enabling users to maximize their capital efficiency without compromising on potential gains.
Creator Mode: For those looking to launch their own projects, Creator Mode offers a streamlined process for minting tokens, launching them, and adding liquidity. This feature lowers the barrier to entry for new projects, fostering innovation and expansion within the Bounce ecosystem.
4. Meme: Baby Boom on BounceBit
A meme token launchpad has only recently become a blockchain primitive, but it most definitely can be beneficial to an ecosystem, which is why BounceClub will come with its own Meme launcher. Pricing and supply of meme coins is dynamically determined by a bonding curve in the initial sale, before it is then listed on the Swap primitive.
BounceClub V2 will onboard a multitude of already existing memecoin communities and will also foster the growth of BounceBit native memes.
5. Arcade: Gamify Your Crypto Experience
When building a complete blockchain ecosystem we can not forget GameFi. GameFi on BounceBit is close to the $BB token and directly utilizes it for it’s game mechanics. The initially available games are made in-house and serve as a demo of what games on BounceBit could look like. BounceClub V2 will improve upon the offered minigames and strengthen their integration with the $BB token.
User Interaction:
Game Selection and Room Creation: The Arcade module offers a variety of games, including classics like Gomoku and Tetris. Users can select their favorite games, set entry prices, and create or join gaming rooms. This feature introduces a social element to BounceClub V2, encouraging interaction & competition.
Gameplay: The real-time game interfaces are designed to be engaging and user-friendly, with automatic tracking and updates ensuring a smooth gaming experience. Players can focus on the fun of the game while the platform handles the logistics.
Rewards Distribution: To incentivize participation, the Arcade module includes automatic distribution of winnings. Victors receive their rewards seamlessly, adding an element of excitement and competition to the gaming experience.
Data Tracking:
The Arcade module keeps a detailed tally of total games played and total winnings distributed. This data tracking ensures transparency and allows users to track their progress and success within the games. By providing insights into gaming performance, we allow you to see how they stack up against others and strive for improvement.
6. Personal Pages: Your Crypto Hub
Profile Information:
Personal Pages in BounceClub V2 provide a comprehensive overview of your assets, activity logs, and yield management. This personalized dashboard allows you to keep track of your holdings, monitor their investment strategies, and review your transaction history. By providing a centralized location for all user-related information, Personal Pages ensure that users have complete control over their assets and activities.
Project Management:
For users who own a BounceClub, the dashboard offers enhanced project management capabilities. These users can manage their launchpad projects and AI Agents directly from the menu. This feature streamlines the management process, making it easier to oversee multiple projects and agents simultaneously. Whether it’s adjusting AI agent settings, monitoring project progress, or managing launchpad activities, users have all the tools they need at their fingertips.
In conclusion, our commitment to enhancing the CeDeFi and BounceBit ecosystems has been reinforced by valuable community feedback and innovative product development strategies. BounceBit V2 will mark a significant milestone, offering substantial improvements to both CeDeFi and BounceClub, tailored to evolve the BounceBit ecosystem and stay ahead of stagnation.
