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BounceBit Targets DeFi Newbies with User-Friendly CeDeFi Platform

Published 05/20/2024, 03:58 PM
Updated 05/20/2024, 04:45 PM
© Reuters.  BounceBit Targets DeFi Newbies with User-Friendly CeDeFi Platform

  • 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 inves…

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