BounceBit Unveils New Products and Campaigns for July 2024

BounceBit,
a
pioneer
in
the
CeDeFi
industry,
has
announced
the
launch
of
two
groundbreaking
products—Easy
and
Superfast—as
part
of
its
July
2024
outlook,
according
to

BounceBit.
The
company
aims
to
continue
its
innovation
streak
as
it
dives
into
Q3
of
the
year.

BounceBit
Easy

BounceBit
is
set
to
introduce
Easy,
a
product
designed
to
simplify
yield
earning
for
BTCB
and
USDT
holders.
The
new
offering
promises
a
fixed
APR,
minimal
interaction,
and
high
yields,
leveraging
BounceBit’s
innovative
CeDeFi
infrastructure
to
provide
a
secure,
efficient,
and
user-friendly
platform
for
growing
crypto
holdings.

Superfast

Another
major
announcement
is
the
introduction
of
Superfast,
an
on-chain
brokerage
service
for
BounceBit.
The
product
aims
to
offer
super-fast
and
liquid
transactions
for
$BB
and
Liquid
Custody
Tokens
(LCTs).
Superfast
addresses
the
liquidity
issues
faced
by
BBTC
and
BBUSD
due
to
fragmentation
between
chains.

BBTC
and
BBUSD
are
LCTs
backed
by
BTCB
and
USDT,
respectively,
and
are
widely
adopted
by
major
centralized
exchanges.
The
smart
contract-based
system
will
record
orders
and
transmit
them
to
centralized
exchanges
like
Binance
via
dedicated
APIs,
providing
nearly
unlimited
liquidity
and
low
fees.
Transactions
will
settle
within
seconds,
hence
the
name
Superfast.

Campaigns

To
complement
these
product
launches,
BounceBit
will
host
several
campaigns
offering
lucrative
rewards,
including
yield
boosts
and
BB
token
rewards.
Additionally,
the
company
plans
to
integrate
multiple
LCTs
with
top-tier
Layer
1
and
Layer
2
chain
projects
and
provide
a
sneak
peek
at
a
revamped
BounceClub.

About
BounceBit

BounceBit
is
a
trailblazer
in
the
CeDeFi
space,
merging
the
best
aspects
of
centralized
and
decentralized
finance
to
deliver
unparalleled
asset
management
and
yield
generation
opportunities.
As
the
first
native
BTC
Restaking
chain,
BounceBit
is
committed
to
developing
secure,
efficient,
and
user-friendly
financial
solutions.

Image
source:
Shutterstock