As Bitcoin reaches a new historical high and breaks through $80,000, the entire market begins to become restless. While the major coin keeps hitting new highs, the narrative of the previous round of DeFi has not found any buyers. The current situation is that many people do not have enough positions, or they want to buy more but do not know what to buy. I want to say that I am still optimistic about the successful narrative of the previous round of DeFi, and the related ecosystem is worth laying low for.
There is no doubt that the last round of DeFi Summer was a period of explosive infrastructure development. What is still needed most now is the construction of on-chain financial infrastructure. However, DeFi is no longer limited to the Ethereum ecosystem. The recent concentrated explosion on Solana this year tells us that DeFi is not the patent of Ethereum, but a synonym for on-chain finance.
On this basis, BounceBit creatively proposes the concept of CeDeFi (a combination of centralized and decentralized finance) based on the chain security of BTC and compatible with EVM. It hopes to facilitate the asset value circulation between CeFi and DeFi through liquidity custody tokens, allowing users' assets to enjoy returns that originally belong to different fields.
If DeFi has entered a bottleneck period, it is due to a lack of imagination regarding the value of on-chain finance. Currently, one of the most valuable commercial sectors in human society is finance, but it is centralized. CeDeFi, on the other hand, introduces more assets to DeFi through innovative models based on the previous round of DeFi.
As for the future of BounceBit and the value of the token, it naturally depends on the development of this model. It is commendable that BounceBit's product line is not only rich but also highly professional. This can be felt from the product line on the official website. Because of this, BounceBit's products are not only targeted at individuals but are also very suitable for certain institutions or capital management and financial needs.
To allow more funds to circulate value between DeFi and CeFi through BounceBit, BounceBit has built a dual-token model PoS public chain that ensures security while allowing assets to circulate more conveniently and efficiently. The innovative design of liquidity custody tokens (LCTs) provides deeper security for users' assets.
Although the current market is still primarily speculative, I believe it will ultimately return to value discovery. DeFi and BounceBit's CeDeFi are still important sectors I am optimistic about, as the combination of decentralized and centralized finance is where the greatest value of blockchain lies in the future.
Thank you for your support; thank you everyone. Let's go to the moon together in the bull market.
