- BounceBit has launched a brand new model of its CeDeFi platform.
- The brand new model consists of enhanced APY rewards together with new options.
- Within the first hour, CeDeFi attracted over $10 million in inflows.
BounceBit, a centralized decentralized finance (CeDeFi) protocol, has launched CeDeFi V2. By the best way, BounceBit’s native token, BB, has risen over 3.73% previously 24 hours. The brand new model of CeDeFi provides customers nice advantages and new options.
The key improve that CeDeFi V2 brings is multi-chain help for Ethereum (ETH), BNB, Solana (SOL), and Bitcoin (BTC) with out the necessity to bridge funds to the BounceBit chain. This drastically reduces person effort. And also you'll have the ability to streamline your investments in a simple manner.
BounceBit’s whole worth locked (TVL) in CeDeFi V2 exceeded $12 million. Greater than $10 million was pumped into the brand new challenge within the first hour. This exhibits that many individuals need related merchandise. Because the market rises, TVL can also be anticipated to extend.
New options in CeDeFi V2 embody elevated person flexibility, new computerized methods, mounted methods, handbook methods, elevated APY rewards, and extra. The APY return for BTC, SOL, ETH, and BNB is 6% and USDT is 12%.
Additionally learn: Bitcoin hits new all-time excessive as altcoin breakout predictions speed up
Will BB Token hit an all-time excessive?
With the debut of CeDeFi V2 and BounceBit’s new user-friendly options, the protocol’s native token, BB, is predicted to rise in the direction of its all-time excessive of $0.8655, recorded in June of this 12 months. On the time of writing, BB is buying and selling at $0.3519, down 58.12% from ATH.
BB is dealing with resistance at $0.4. TradingView's each day chart exhibits that the Relative Energy Index (RSI) is above 61, indicating that the worth of BB is rising. Nonetheless, the chart additionally exhibits that the worth might fall quickly. BB might attain $0.4 resistance quickly.
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