Binance Labs shifts investment focus to Bitcoin DeFi :

BTCFi protocols are gaining traction ahead of the anticipated Bitcoin halving event on April 19. Can they match Ethereum-native DeFi in the future?

Binance Labs, the venture capital (VC) arm of the world’s largest cryptocurrency exchange, has announced an investment in Bitcoin-native restaking protocol BounceBit.

BounceBit is among a new wave of protocols aiming to bring DeFi capabilities to Bitcoin, in a new technological paradigm known as Bitcoin DeFi (BTCFi).

BounceBit aims to expand Bitcoin’s use case from being a store of value to becoming a yield-generating asset with more capital efficiency.

The proof-of-stake (PoS) layer-1 ecosystem incentivizes validators to stake both Bitcoin and BounceBit ecosystem tokens as part of its dual-token economy.#cpi #bitcoinhalving #BullorBear #Memecoins #BinanceLaunchpool

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