The concept of #cedefi is the extension and the upgrade of CEXs.
Originally, DeFi and staking projects all built their own pools to provide incentives to attract users to stake or provide liquidity through LP tokens. However, this incentive mechanism has stagnated. Everyone knows how to play the game, so the #Rewards are marginalized.
What CeDeFi essentially brings, is the transformation of regulated #custody becoming a secondary exchange.
The advantage is that projects get more flexibility and opportunities in handling the assets of its users. It opens the doors for financial instruments that require deep liquidity not found in DeFi. You can do #OptionsTrading and #Arbitrage on a large scale. Just what BounceBit and Ethena are doing.
As the name suggests, CeDeFi, naturally violates the principle of decentralization. Nevertheless, it undoubtedly has its place in crypto.
Money flows towards yield opportunities, regardless of decentralized or not. So stay on the lookout for projects that utilize CeDeFi infrastructure to provide what people are really looking for: sustainable yield
BlackRock coming soon. It’s so obvious. BB has been following all ENA moves since the beginning. Major repricing due. Few coins with such strength in this market.
the whales hype the token until the crowd gets in and then pour it on the sardines' heads, melting the price, it was like that with etherfi, Renzo, bouncebit, Ionet, manta, alt, saga, VANA..
This is what you call a bounce $BB Almost 100% from the bottom within a few days. Not many coins showed this strength. We are in for a rally ladies and gentlemen!
Binance Earn Introduces On-chain Yields with the Launch of Babylon BTC Staking
This is a general announcement. Products and services referred to here may not be available in your region. Fellow Binancians, Binance Earn is excited to announce the launch of On-chain Yields, which allows users to easily participate in various on-chain protocols and earn rewards directly through their Binance account. The first supported offering is Babylon BTC Staking, where users can stake their BTC and earn on-chain rewards sourced from the Babylon Protocol. The subscription will be available at 2024-12-09 06:00 (UTC), with a limited quota of 1,000 BTC on a first-come, first-served basis. The minimum and maximum subscription amounts per account are 0.05 BTC and 5 BTC, respectively. Please note that the On-chain Yields page will be available at 2024-12-09 04:00 (UTC). Benefits of On-chain Yields Earn Rewards: Users can participate in on-chain protocols through Binance and earn rewards in tokens, points, and other forms.Easy to Use: Binance manages the on-chain protocol integration and operations, allowing users to access on-chain earnings without needing complex setups.Redeem Anytime: Users can redeem the subscription anytime and enjoy a shorter redemption time than staking directly on-chain. Risks of On-chain Yields On-chain Yields is a high-risk product with rewards dependent on the specific protocol, and rewards are not guaranteed. Each protocol may carry various risks, including but not limited to: Smart Contract Vulnerabilities: On-chain protocols may have technical vulnerabilities, and users bear the risks associated with smart contract functionality.Market Volatility: Returns from on-chain protocols may fluctuate with market conditions, potentially leading to asset devaluation.Protocol Failure: Operational or technical issues within on-chain protocols may result in asset losses. We recommend that users conduct thorough research to understand the potential risks associated with their selected protocols before participating in On-chain Yields. Binance is not liable for any asset losses due to on-chain protocol issues. For more information please refer to our On-chain Yields Terms, Terms of Use, and Risk Warning. How to Get Started with Babylon Staking on On-chain Yields: Website Step 1: Click on [Earn] on the top navigation menu. Step 2: Navigate to [High Yield] > [On-chain Yields].Step 3: Click on [Subscribe] and confirm your stake amount and estimated rewards. App Step 1: Tap on [More] on the App homepage.Step 2: Go to [Earn] > [On-chain Yields].Step 3: Choose your preferred portfolio and tap [Subscribe] to get started. About Binance On-chain Yields Binance On-chain Yields allows users to easily participate in various on-chain protocols and earn tokens, points, and other rewards directly through their Binance account. With On-chain Yields, users can explore high-yield opportunities within Binance without performing complex on-chain setups or operations. About Binance Babylon BTC Staking Binance Babylon BTC Staking is the first on-chain staking offering supported by Binance On-chain Yields, with its underlying returns sourced from the Babylon Protocol. Binance facilitates this process by helping users stake their BTC into the Babylon Protocol, enabling them to earn rewards provided by Babylon. Babylon is a Bitcoin staking protocol that allows BTC holders to stake their Bitcoin and earn rewards from the protocol. By participating in Babylon BTC Staking, users receive Babylon Points. These points do not represent any form of currency or property and are not redeemable, refundable, or transferable. Please note: On-chain Yields is a high-risk product with no guarantee of principal or returns. It involves risks such as smart contract vulnerabilities, market volatility, protocol failure, and other potential risks. Users bear these risks independently, and Binance is not liable for losses from on-chain protocols. Points earned through On-chain Yields are not tokens, have no monetary value, and may not be converted into tokens or other assets. They are non-redeemable, non-refundable, and non-transferable. Binance determines the redemption and distribution of points rewards based on the progress of each protocol. We recommend that users conduct their own research into the on-chain protocols to understand the utilities and limitations of the points before participating. There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise. Guides & Related Materials: Introduction to Binance On-chain Yields Thank you for your support! Binance Team 2024-12-05
BounceBit $BB TVL is bouncing back to pre-TGE numbers. Importantly there is no points program incentive, which means that the PMF is validated. TVL that flows in now ($200M+) is there to use the CeDeFi product - the whole thesis of the project. In addition to that it showed well how scalable the funding rate arbitrage trade is. More than $3M in revenue were generated in less than a month. The TVL to revenue ratio is at around 0.15, while Ethena $ENA is slightly worse at 0.10 Keep a close eye on BounceBit, it will catch up quickly and most will miss it.
$BB Breakout 2nd try. If this sticks it means price discovery mode and none of you are prepared for it. Check the statistics, $1 million dollars in protocol revenue within one week. BounceBit is massively undervalued.
In comparison Ethena did ~$9 million in revenue in the same time frame, but with 12x TVL at almost $4 billion. BB is sitting at only $230 million at the moment.
Thats a factor of 2x efficiency. Position accordingly #BBCeDeFi #CeDeFi #BounceBit #BBToken #CryptoFutures
There are still two important signals that haven't yet happened, but will happen in the near future imo. One of them is the 3W-MACD bearish cross for the $BTC dominance🎯 Every cross so far has triggered the biggest Altseasons in history.
In the last cycle, DeFi made a group of people extremely wealthy. Then in November 2020, BTC surged and drained liquidity, followed by ETH and other altcoins starting a broad rally in late December, lasting until April 2021. BTC moved earlier than others. This cycle, meme coins made a group of people extremely wealthy. Now this month BTC is surging and draining liquidity. It's expected that by late December, ETH and other altcoins will all rally, lasting until Q2 2025. It's not about BTC or SOL narratives, not about how hard the Sui and Solana teams are working, and not about ETH being obsolete - it's just that the timing isn't right yet. Everything that's meant to pump will pump. This space has no real narrative and no real applications. The only 'application' is how price action stimulates your psychology - it's like physical therapy. Every cycle follows almost the same pattern.
$BB is still ridiculously undervalued. Easiest comparison $ENA Ethena, same CeDeFi tech just with a more diverse execution. However, BounceBit is still a 10x away from reaching Ethena's market cap. $BB is catching a strong bid, with a perfect support/resistance flip and a clear market structure break. They also have insane good yields on their CeDefi V2 products, it should bring more attention to BB
$BB people running BounceBit are quite smart and experienced. They don’t want it to be highly volatile. It goes up, correct and stabilize, and repeat. This token wants to be highly valued asset. The total supply is at 2.1B, the circulation supply is about 470M, which make it undervalued compared to other tokens. If it continues at this rate most probably next 2 or 3 years it will reach $10. I think it’s good option for medium and long term run. Best choice stable coin.
My Ethereum has finally woken up, but I still have to wait until 4500 to break even. Recently, I've been focusing on meme coins, but over the past few days, L2 and DeFi VC coins have surged even more than meme coins, so I've returned to the secondary market. There's a thought I've been considering: We can take a look at which new coins Binance has launched this year and find projects that can hit multiple popular sectors and have low valuations. I feel that $BB is quite good. Its market cap is at $150M dollars, which is relatively low, and token won't unlock until May next year. It spans two popular sectors: BTC and CeDeFi. In contrast, Ethena $ENA , which is also in the CeDeFi sector, already has a market cap of $1.5B, a tenfold difference.
Recently, many people have been discussing PayFi, but I think #cedefi has a lot of potential as well. Why do I say this? Because I went all in on it