Bitcoin in DeFi is both popular and criticized—while there are plenty of liquidity leverages, the ways to earn more are pitifully few. BounceBit has seized this point and launched a 'CeDeFi' model, allowing BTC to enjoy the safety of compliant custody while riding freely on-chain.
Hybrid architecture: BTC is first entrusted to compliant custody (bodyguard-level MirrorX), and equivalent tokens are generated on-chain. The combination of compliance and transparency ensures there's no fear of 'running away' or 'black boxes.'
Cross-chain compatibility: relying on LayerZero's Omnichain capabilities, WBTC and BTC anchored on Solana can be uniformly scheduled, saving the hassle of frequent chain switching.
Diverse strategies: from lazy automatic reinvestment to advanced quantitative funding rate arbitrage, everything is covered. Arbitrage profits can even outperform simple spot holding, especially during market fluctuations, making it appear more robust.
A little complaint: pure DeFi enthusiasts often stumble due to custody disputes, while pure CeFi worries about 'money not coming in or going out.' BounceBit's 'half-bridge half-bodyguard' solution perfectly mediates between the two extremes—it's like putting a bulletproof vest on BTC, complete with GPS tracking.
Of course, this design is not the ultimate answer for perfectionists. Users must trust the custodians, and smart contracts need to be safeguarded against vulnerabilities; moreover, how fast it can run in the long term depends on whether the team's strategy can consistently outperform the market. At least, this path is much more interesting than 'leaving cold wallets in the sun.'
