BounceBit has announced its roadmap to democratize high-yield opportunities in Bitcoin investing by merging centralized and decentralized finance.

BounceBit, a new Bitcoin restaking startup backed by Binance, has unveiled its roadmap for 2024, outlining key aspects the project is planning to implement this year.

In a recent announcement, BounceBit revealed its intention to combine the structure and liquidity of centralized exchanges while building decentralized infrastructure for Bitcoin “as an asset, without altering its core technology.” The startup explicitly stated it will not launch a sidechain or layer-2 solution, emphasizing that recent trends like runes and BRC-20 tokens capitalize on temporary hype rather than addressing long-term needs.

“You might not agree, the market might not agree, and that’s fine, we are venturing this road anyway.”

Although BounceBit’s roadmap for 2024 mentions no dates, the document focuses on several key developments this year. The startup aims to enhance the BounceBit Chain — a proof-of-stake layer-1 chain secured by validators staking both Bitcoin and BounceBit’s native token BB — by optimizing the Ethereum Virtual Machine (EVM) execution layer to improve node performance.

Key Developments Planned for 2024:

  • Enhancing the BounceBit Chain by optimizing the EVM execution layer
  • Developing a shared security client module to enable other projects to utilize the liquidity of the BounceBit BTC restaking chain
  • Constructing a new mempool module to achieve higher transaction throughput
  • Refactoring the communication layer between EVM and the Cosmos SDK

In addition to infrastructure enhancements, BounceBit plans to introduce the Fixed Earn product, offering fixed income for Bitcoin and dollar assets, similar to traditional crypto lending. The company will also launch BounceClub, a service enabling users to create their own centralized-decentralized-finance (cedefi) products using BounceBit’s widget. For contract deployment, BounceBit will maintain a special whitelist, though the method of verification is yet to be known.

Earlier in April, Binance Labs, the venture arm of Binance, announced its investment in BounceBit. While the size of the deal has not been disclosed, Binance Labs’ Yi He stated that the startup “unlocks new avenues for Bitcoin’s utilization with the fusion of cefi and defi.”

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