BounceBit Pledges To Democratize Bitcoin Investing With Binance-Backed Roadmap
BounceBit, a new Bitcoin restaking startup, has announced a detailed roadmap for 2024 aimed at democratizing high-yield Bitcoin investing by merging centralized and decentralized finance (CeDeFi).
Backed by Binance, the startup’s ambitious plan involves enhancing infrastructure and introducing new products while maintaining Bitcoin’s core technology.
In a May 20 Medium blog post, BounceBit revealed in its roadmap, its vision to combine the liquidity and structure of centralized exchanges like Coinbase with decentralized infrastructure for Bitcoin. The company emphasized it would not launch a sidechain or layer-2 solution, distancing itself from recent trends like runes and BRC-20 tokens, which it views as short-term hypes.
In April, Binance Labs, Binance’s venture arm, announced its investment in BounceBit. While the deal’s size was not disclosed, Binance Labs’ Yi He highlighted that the startup “unlocks new avenues for Bitcoin’s utilization with the fusion of CeFi and DeFi.” BounceBit’s vision is encapsulated in its CeDeFi framework, which has been operational since its inception a few months ago. This framework merges the security of Centralized Finance (CeFi) with the potential of Decentralized Finance (DeFi).
BounceBit 2024 Roadmap – Romance of the Three Kingdoms
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