DeFi developers are competing to replicate the explosive growth driven by the rebounding Ethereum ecosystem sector.
5/20 BounceBit, a tier one CeDeFi network backed by popular centralized exchange #Binance , has published its roadmap for 2024. The document states that BounceBit is a "client-side shared security module" that allows third-party projects to utilize liquidity hosted on BounceBit's "BTC replenishment chain.
BounceBit celebrated the launch of the network on 1/13/05 and reported that total blockchain funds (TVL) have surpassed £1.30 billion since the incentivized early access phase began on December 10.
The BounceBit network is provided by users who invest both their BB tokens and bitcoins (BTC). BounceBit's new roadmap is designed to allow third-party protocols to utilize a stacking mechanism to provide security for re-stacking.
The BounceBit roadmap also includes improved #MemeWatch2024 Virtual Machine (EVM) performance, increased transaction throughput, and improved interoperability between the EVM and Cosmos software development suite.
The pioneer of restacking in Ethereum is EigenLayer. EigenLayer provides additional benefits to Ethereum stakeholders by securing third-party actively verifiable services (AVS) on the Ethereum network, but at the same time, shareholders bear additional downside risk, i. e. their stake will be reduced if delegated AVS misbehave.
EigenLayer has become the second largest DeFi protocol to exceed 15.3TVL in 2 years. The recent growth of this protocol has been driven by the rapid growth of the Liquid Restart Token (lrt) protocol. This will lower the technical barriers to participation in Lister king, allowing it to generate additional revenue and allow the user to remain liquid.
Several projects are using Babylon, a #bitcoin space betting network, to develop BTC-based restructuring products.
5/16 Mind Network, a tier one recovery network, announced a strategic alliance with Babylon.
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