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BounceBit introduces the new version CeDeFi platform.
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The new version comes with a boosted APY reward, as well as new features.
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In just the first hour of operation, CeDeFi has attracted more than 10 million dollars in new inflows.
BounceBit has launched CeDeFi Version 2, a protocol for centralized decentralized financial (CeDeFi). BB, the native token of BounceBit rose by over 3.73% within the last 24 hours. CeDeFi’s new version offers users great returns and many new features.
The CeDeFi V2 is a major upgrade that brings multi-chain support, including Ethereum (ETH), BNB (BounceBit), Solana (SOL), Bitcoins (BTC), without the need for users to bridge funds into BounceBit’s chain. This will save a great deal of hassle and allow them to streamline their investment in a simple way.
The total value locked in BounceBit CeDeFi V2 is now over $12 million. In the first hour, more than $10 million was invested in the new project. This shows that there are many people who want similar products. TVL will increase as the market grows.
CeDeFi V2 has a number of new features, including increased user flexibility, new Fixed, Auto, and Manual strategies and higher APY rewards. BTC, SOL and ETH give 6% APY, while USDT gives 12%.
Read Also: Bitcoin Hits a New All-Time High, Fueling Altcoins Breakout Predictions
Will the BB Token reach a new all-time high?
With the launch of CeDeFi V2 as well as new user-friendly BounceBit features, it is expected that the native token, BB, will make a move toward its all-time-high of $0.8655 which was seen in June of this year. BB is currently trading at $0.3519 – down 58.12% since its ATH.
BB faces resistance around $0.4. TradingView’s daily chart shows that the Relative Strength Index is above 61. This shows that BB is rising in price. The chart also shows the price could decline soon. BB could reach the resistance level of $0.4 in the near future.
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