The post BounceBit Targets DeFi Newbies with User-Friendly CeDeFi Platform appeared on BitcoinEthereumNews.com.

BounceBit unveils 2024 roadmap for CeDeFi platform Easy access to DeFi for investors seeking stable returns User-friendly interface for navigating CeDeFi opportunities BounceBit, a restaking platform backed by Binance, the world’s largest cryptocurrency exchange by trading volume, has unveiled its 2024 roadmap. The roadmap outlines the development of three core components: BounceBit Portal, BounceBit Chain, and BounceClub. According to a blog post, the BounceBit Portal serves as the project’s user interface, allowing easy interaction with its restaking products. The BounceBit Chain, meanwhile, functions as the settlement layer, facilitating transactions. BounceClub, described as the “Lego set” for building CeDeFi (centralized finance meets decentralized finance) services and ecosystems, will play a crucial role. The project plans to develop various CeDeFi products based on this concept. Notably, the blog clarifies that BounceClub’s role is limited to managing contract deployment whitelists, creating common components, and acting as a navigational tool. It will not handle the business logic components of dApps. BounceBit aims to attract risk-averse investors by offering fixed-income products for Bitcoin and dollar assets, promising stable returns. Additionally, the platform will support over-collateralized lending and borrowing, allowing users to generate additional yield on their holdings, thereby enhancing liquidity and utility. While the BounceBit Chain focuses on CeDeFi asset management, its underlying infrastructure interacts with custody and asset management services. The blog post details plans to optimize the EVM execution layer for improved node performance and build a new Mempool module to increase transaction throughput. BounceBit’s roadmap hinges on the successful development of these interconnected elements. If executed properly, the platform could offer a user-friendly entry-point for investors seeking exposure to CeDeFi opportunities, bridging the gap between traditional finance and DeFi. However, the project’s success will depend on its ability to navigate the complexities of CeDeFi, ensuring the security and efficiency of its core…

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Filed under: News - @ May 20, 2024 8:28 am