Binance Labs, the venture capital and incubation arm of Binance, has invested in BounceBit, a Bitcoin re-staking protocol, and CeDeFi to take Bitcoin beyond traditional storage of value. BounceBit transforms BTC from a passive asset to a dynamic force in the ecosystem by actively participating in network validation and various revenue-generating activities.

At the heart of BounceBit's innovative framework is the belief that Bitcoin empowerment should be primarily asset-driven, without changing the Bitcoin blockchain. With strategies such as funding rate arbitrage and issuing on-chain certificates for re-staking and mining, BounceBit seamlessly combines the best features of centralized finance (CeFi) and decentralized finance (DeFi) to unlock new opportunities for Bitcoin, helping to increase profitability and expand opportunities for application.

Yi He, Co-Founder of Binance and Head of Binance Labs, said: "BounceBit opens up new opportunities for Bitcoin by combining CeFi and DeFi. At Binance Labs, we are always looking for innovators who are shaping the industry, and we look forward to watching them grow to achieve their mission – to empower Bitcoin with secure and transparent CeDeFi solutions.”

BounceBit is led by a team with experience in decentralized finance, traditional finance, and Tier 1 blockchain technology. BounceBit prioritizes security and transparency by using regulated storage and multiparty computing (MPC). Combined with Ceffu's Mirror X and over-the-counter settlement (OES) solutions to minimize counterparty risk, BounceBit aims to create a secure environment for Bitcoin to engage in profit-generating activities. 

One of BounceBit's innovations is its unique Level 1 Proof of Stake (PoS) ecosystem. This ecosystem incentivizes validators to stake both BounceBit tokens and BTC, creating a dual-token system that not only aims to strengthen the network's security, but also increases the value and the utility of BTC by directly involving it in network operations. By re-staking Bitcoin across multiple systems such as oracles and bridges, BounceBit aims to improve network security and operational efficiency.

"Our mission is to create a re-staking infrastructure to drive the use of Bitcoin, and we want to do it safely and transparently. Our focus on CeDeFi and the development of a robust re-staking ecosystem is just the beginning. We are grateful to Binance Labs for supporting us along the way." - commented Jack Lu, founder and CEO of BounceBit.

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About BounceBit

BounceBit builds a BTC re-staking infrastructure that creates the base layer for various re-staking products powered by Mainnet Digital and Ceffu Regulated Storage. The BounceBit protocol, developed as a demonstration of the re-staking product in the BounceBit ecosystem, is a Level 1 PoS secured by validators that stake both BTC and the native token BounceBit is a dual-token system that uses the security of native Bitcoin with full EVM compatibility. Critical ecosystem infrastructure such as bridges and oracles are protected by BTC re-staking. With an innovative CeFi + DeFi framework, BounceBit allows BTC holders to profit across multiple networks. For more information, subscribe to BounceBit Labs at X.

About Binance Labs

As the venture capital arm and accelerator of Binance, Binance Labs is now valued at over US$10 billion. Its portfolio covers 250 projects from more than 25 countries on 6 continents and has more than 14 times ROI. Fifty Binance Labs portfolio companies are projects that have passed through our incubation programs. For more information, subscribe to Binance Labs at X.

Disclaimer: The information contained in this article is for informational purposes only and does not constitute investment advice, endorsement, analysis or recommendation of financial instruments, investments or issuers. This article may contain forward-looking statements that are inherently subject to risks and uncertainties. Investments in cryptocurrency and DeFi projects are associated with significant risk, in particular, the risk of complete loss of assets. This article does not take into account the investment objectives, financial situation or specific needs of any particular individual, and each user is advised to consult their own legal and financial advisors before making any investment decisions.

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