In the narrative of the BTC ecosystem shifting from "digital gold" to "yield-generating asset," the emergence of BounceBit resembles a precise financial engine attempting to resolve a core contradiction: how to unlock institutional-level yield capability for BTC while maintaining security? The answer to this question may lie within its unique CeDeFi architecture.

When BlackRock Meets DeFi: The Barrier-Breaking Experiment of Compliant Earnings
The entry of traditional financial giants BlackRock and Franklin Templeton has marked BounceBit Prime with a distinct label — it is not just another grassroots DeFi protocol, but an on-chain yield factory with compliance genes. Through the asset mirroring technology of custodians (such as Ceffu's MirrorX), users' deposited BTC can earn institutional-grade arbitrage strategy returns under a regulated framework, while also participating in DeFi mining through on-chain certificates LCT (Liquidity Custody Token). This design directly addresses the pain point: retail investors no longer have to choose between "safety" and "returns."
The data aspect is more intriguing: according to official disclosures, the TVL of the BounceBit testnet phase has surpassed 300 million USD, and its delta-neutral strategy has been tested to achieve an annualized return of 15%-25% in bull market funding rate arbitrage, which is far higher than traditional CeDeFi lending platforms. This kind of return does not come from nowhere, but is real arbitrage achieved by the quantitative team through perpetual contract hedging, essentially using institutional strategies to serve retail investors.
CeDeFi is not a patchwork, but