BounceBit Aims to Merge the Best of CeFi and DeFi for 2024 Roadmap
BounceBit's 2024 Roadmap Announced: Key Developments Post-Mainnet Launch
On May 20, one week after its mainnet launch, BounceBit, a Bitcoin restaking protocol, unveiled its detailed 2024 roadmap.
BounceBit Aims to Merge the Best of CeFi and DeFi
BounceBit’s 2024 roadmap outlines a series of upgrades and new product offerings. These plans are designed to strengthen its ecosystem and improve user experience. The roadmap intends to optimize its blockchain infrastructure, enhance liquidity, and provide diverse yield-generating options for investors.
- Enhancements to CeFi and DeFi integration
- CeDeFi model creation
- Blockchain infrastructure optimization
- Improved user experience
The project sees key issues in both sectors. Centralized platforms offer structure and accessibility, but they often conflict with crypto’s core values of transparency and decentralization. Conversely, DeFi provides direct market participation but struggles with smart contract security and scalability challenges.
- Conflict of values between CeFi and DeFi
- Smart contract security and scalability challenges in DeFi
By integrating the best aspects of CeFi and DeFi, BounceBit aims to democratize access to high-yield opportunities traditionally reserved for top asset management firms. Users can earn staking rewards and participate in yield-generating activities using a dual-token proof-of-stake system.
'All LCTs are backed 1:1 by equivalent assets in custody, and they stay there until the LCT is redeemed.'
LCT & BounceBit Ecosystem
The integrated ecosystem offers three yield types: CeFi yield from arbitrage and lending, staking rewards, and opportunity yield from engaging in the BounceBit chain ecosystem.
Additionally, BounceBit Chain will see major upgrades to improve performance and usability. These include optimized EVM execution, a shared security client module, a new mempool module for higher transaction throughput, and refined communication between EVM and Cosmos software development kit (SDK).
BounceBit introduces the BounceClub to provide CeDeFi services, allowing users to launch their products using BounceBit’s infrastructure.
Major Performance Upgrades
Performance enhancements include optimized EVM execution, secure communication modules, and improved transaction throughput.
- BounceClub introduction
- Performance and usability upgrades for BounceBit Chain
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