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<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/binance-backs-bouncebits-cedefi-launch" data-wpel-link="internal">Binance Backs BounceBit’s CeDeFi Launch</a><br></p>
<p style="text-align: justify">BounceBit, under the aegis of cryptocurrency exchange <a href="https://en.bitcoinhaber.net/binance-ends-support-for-leveraged-tokens" data-wpel-link="internal">Binance</a>, has announced a significant advancement in the launch of CeDeFi products. The company recently unveiled its 2024 roadmap for its Bitcoin restaking protocol, marking another pivotal step in its development. This strategic move is poised to alter the landscape of both Traditional Finance (TradFi) and Decentralized Finance (DeFi).</p> 
<h2 id="what-is-bouncebit-s-critical-move">What is BounceBit’s Critical Move?</h2> 
<p style="text-align: justify">BounceBit positions itself as a pioneer in merging the features of CeFi and DeFi, creating a novel CeDeFi framework. In February, the company garnered $6 million in funding to spearhead this initiative. By offering a unique blend of security and decentralized capabilities, BounceBit’s approach represents a substantial leap in the industry.</p> 
<p style="text-align: justify">The framework’s key <a href="https://newslinker.co" target="_blank" rel="noopener nofollow external noreferrer" data-wpel-link="external">innovation</a> lies in its BTC restaking protocol, embodying major advancements within the crypto sector. The combination of centralized security and decentralized potential aims to attract a broad spectrum of <a href="https://finance.coin-turk.com/" rel="nofollow noopener external noreferrer" target="_blank" data-wpel-link="external">investors</a> and users.</p> 
<h2 id="which-goals-do-each-pillar-serve">Which Goals Do Each Pillar Serve?</h2> 
<p style="text-align: justify">BounceBit’s innovation is structured around three pillars: BounceBit Portal, BounceBit Chain, and BounceClub. Each pillar has its own specific roadmap and objectives. The BounceBit Portal focuses on user engagement with the protocol’s products, offering services with fixed returns. The BounceBit Chain handles the deployment and execution of projects, while BounceClub provides a comprehensive ecosystem for CeDeFi.</p> 
<p style="text-align: justify">The BounceBit Portal aims to provide predictable returns to investors while also offering opportunities for additional earnings through Bitcoin restaking. This diversification makes the protocol appealing to those seeking stable yet lucrative investment options.</p> 
<h2 id="how-do-bouncebit-chain-and-bounceclub-contribute">How Do BounceBit Chain and BounceClub Contribute?</h2> 
<p style="text-align: justify">BounceBit Chain is designed for asset management and communication, optimizing the Ethereum Virtual Machine (EVM) execution layer. This optimization is expected to enhance the protocol’s usability and performance, improving node functionality. BounceClub, on the other hand, assists in the deployment of CeDeFi products, maintaining a whitelist for contract deployment and offering general components for the ecosystem.</p> 
<p style="text-align: justify">However, BounceClub will refrain from including DApp business logic components on its official website, focusing solely on providing general components. This approach aims to facilitate the creation and deployment of new CeDeFi products.</p> 
<h2 id="key-takeaways">Key Takeaways</h2> 
<ul> 
 <li>BounceBit revealed its 2024 roadmap for the Bitcoin restaking protocol.</li> 
 <li>The company secured $6 million to pioneer the CeDeFi framework.</li> 
 <li>BounceBit’s development is expected to stir excitement within the crypto community.</li> 
</ul> 
<p style="text-align: justify">BounceBit’s ascent, buoyed by the support of Binance, is anticipated to electrify the cryptocurrency space. The synergy of CeFi and DeFi within their CeDeFi products is likely to capture the interest of a diverse set of users and investors.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/binance-backs-bouncebits-cedefi-launch" data-wpel-link="internal">Binance Backs BounceBit’s CeDeFi Launch</a></h5>

Binance Backs BounceBit’s CeDeFi Launch

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