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BounceBit, a centralized decentralized finance (CeDeFi) protocol, launched CeDeFi V2. Incidentally, BB, which is the native token of BounceBit, rose by more than 3.73% in the past 24 hours. The new version of CeDeFi offers great returns and new features for users.
A major upgrade which the CeDeFi V2 brings is multi-chain support for Ethereum (ETH), BNB, Solana (SOL), Bitcoin (BTC) without the need to bridge funds to BounceBit’s chain, which will save a lot of hassle for the users and they will be able to streamline their investments in an easy way.
The total value locked (TVL) in BounceBit’s CeDeFi V2 has surpassed $12 million. Over $10 million entered the new project in the first hour. This shows that many people want similar products. As the market rises, TVL is predicted to increase.
Some of the new features in CeDeFi V2 include increased user flexibility, new Auto, Fixed, and Manual strategies, and higher APY rewards. BTC, SOL, ETH, and BNB give 6% APY returns, and USDT gives 12%.
Will the BB Token Reach a New All-Time High?
With the debut of CeDeFi V2 and new user-friendly features from BounceBit, the native token of the protocol, BB, is expected to make a move towards its all-time high of $0.8655, witnessed in June this year. At the time of writing, BB is trading at $0.3519, down 58.12% from its ATH.
BB faces resistance at $0.4. The daily chart from TradingView shows that the Relative Strength Index (RSI) is above 61, which shows that BB’s price is rising. However, the chart also shows that the price may decline soon. BB may reach the resistance at $0.4 soon.
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