@BounceBit The V2 version is about to be released and is among the earliest in this round of new BTC ecosystem projects that I and the community have continuously supported. The operational approach of this project is evident from the V2 version, showing its layout and attitude towards the ecosystem, truly a project that is consistently delivering and responsible to the community and users, creating a #BBCeDeFi concept. Below are some of my views from the perspective of my participation in the project:
1. Positioning and Development Directions of BounceBit V2
- Transitioning from BTC Ecosystem to a Multi-Asset Asset Management Platform: BounceBit is no longer limited to the BTC ecosystem but has introduced currencies and public chains such as ETH, Sol, and Sui, positioning itself as a multi-asset asset management platform, downplaying the BTC Restaking L2 label and focusing on asset management.
- Expanding Revenue Channels and Strategies: The V2 version focuses on expanding various revenue channels, breaking away from the single BTC staking project positioning, and further developing into the asset management field to achieve a more realistic TVL (Total Locked Value).
2. New Products
- CeDeFi SaaS: Targeting B-end customers, providing diverse smart contract templates and configurable workflows, supporting both automatic and manual modes:
- Automatic Mode: After users deposit funds, the system will automatically execute trades based on algorithms and rules.
- Manual Mode: Users can directly intervene in trading paths and rules.
- BounceClub: Added multiple entertainment and interaction features, including:
- AI Mode: Users can create AI Agents for market prediction, investment advice, and trading strategy formulation, integrating AI trading bots and setting trading markets, allowing users to buy and sell AI Agents.
- PumpFun Meme Launcher and Gaming Platform: All Meme trades are paired with BB Token, enhancing the application scenarios of BB.
3. Revenue Management and Asset Transparency
- Automated Revenue Management: Smart contracts automate revenue distribution and trade management, providing users with a more efficient revenue management experience, enhancing liquidity and the authenticity of TVL.
- Asset Manager Incentive Mechanism: Introduces a competitive mechanism to incentivize and replace asset managers based on performance, similar to Alipay's fund management page, and supports features such as compound interest, quick redemption, and daily income calculation.
- Token Application Scenarios: $BB Token will serve as the subscription threshold for high-yield fund products.
4. Multi-chain Interoperability and Future Directions
- Multi-chain Interoperability Technology: Enhances the liquidity and scalability of the CeDeFi ecosystem through multi-chain, strengthening the stability of decentralized financial networks and achieving seamless asset flow between different blockchain ecosystems.
- Combining CeFi and DeFi: Staking assets are entrusted to compliant institutions (such as Mainnet Digital and Binance Custody's Ceffu) and mapped to exchanges for quantitative arbitrage. This revenue model is only open to premium users (threshold of 0.01 BTC or 1000 USDT), with diverse revenue models including on-chain passive income and exchange quantitative arbitrage income.
5. Market Performance and Risk Warnings
- Market Price and Unlocking Situation: Currently, $BB price is 0.35, up 50% from a low of 0.23. The next unlock will be on May 13 next year, so there will be no new coin releases in the next six months.
- Risk Warning: 🚨 As public information, the launch of V2 may trigger short-term selling behavior. Additionally, the CeDeFi model must ensure the sustainability of third-party revenue sources to avoid reliance on the platform's own subsidies to support APR.
6. Future Development and Market Strategy
- Product Iteration and Market Expansion: The team has strong execution capabilities and continues to update products. The upcoming perp Dex will airdrop 15% of tokens to V2 users. Compared to other new projects, BounceBit focuses more on actual effective TVL and does not rely on points or similar methods to increase short-term TVL, aligning with its long-term strategy in asset management.
7. CeDeFi Philosophy of BounceBit
- BounceBit proposes the concept of CeDeFi, combining DeFi staking models with CeFi custody and arbitrage, providing users with diverse revenue sources. Its structural model is similar to Ethena, but with richer strategies, attracting several quantitative hedge funds, similar to Matrixport's fund supermarket but with lower thresholds.