In the world of cryptocurrency, centralized finance (CeFi) and decentralized finance (DeFi) are often seen as two parallel lines. BounceBit boldly combines the two, creating a brand new concept of 'CeDeFi', aimed at providing a secure and efficient yield engine for Bitcoin, a dormant massive asset.

Its core logic is the combination of dual sources of yield:

CeFi's stable yield layer: BounceBit collaborates with top centralized institutions like Binance to utilize part of the user's funds through regulated custodial solutions (such as Mainnet Digital, Ceffu) to participate in low-risk arbitrage strategies, such as funding rate arbitrage. This portion provides users with stable and predictable base returns.

DeFi's on-chain gain layer: At the same time, users' Bitcoin is tokenized on the BounceBit chain and restaked to secure the PoS network. As a result, users can earn node validation rewards (distributed in the form of the $BB token) and can invest the liquid staking certificates (stBTC) obtained into DeFi applications on the chain to earn a third layer of yield.

This hybrid model allows users to enjoy the mature strategies and deep liquidity of CeFi while also experiencing the transparency, composability, and potential high returns of DeFi, opening an unprecedented value appreciation path for Bitcoin holders. @BounceBit $BB #BounceBitPrime