BounceBit, a Bitcoin restaking startup supported by Binance, reveals its future plans
BounceBit, a startup backed by Binance, has revealed its plans for the future, aiming to democratize high-yield opportunities in Bitcoin investing by combining centralized and decentralized finance. In a blog post on Medium, BounceBit stated its intention to build decentralized infrastructure for Bitcoin while maintaining its core technology. The startup emphasized that it will not launch a sidechain or layer-2 solution, as those solutions seem to focus on short-term trends rather than long-term needs. The roadmap for 2024 highlights key developments, including enhancing the BounceBit Chain, optimizing the Ethereum Virtual Machine execution layer, and improving node performance. Other planned improvements include developing a shared security client module, constructing a new mempool module, and refactoring the communication layer between EVM and Cosmos SDK. BounceBit also plans to introduce the Fixed Earn product, offering fixed income for Bitcoin and dollar assets, and launch BounceClub, a service that allows users to create their own cedefi products. Binance Labs recently announced its investment in BounceBit, with the startup being praised for unlocking new avenues for Bitcoin’s utilization by merging cefi and defi.
