blockchainreporter.net
Today, BounceBit announced a partnership with Doubler. This partnership is based on BounceBit’s vision to increase the use cases of restaking.
BounceBit and Doubler took to their X accounts to announce this new collaboration.
Doubler is partnering up with @bounce_bit to bring yield strategies to BTC asset and BTC ecosystems.
— Doubler (@doubler_pro) July 19, 2024
BounceBit is a BTC restaking chain with an innovative CeDefi framework. Through a CeFi + DeFi framework, BounceBit empowers BTC holders to earn yield across multiple sources.… pic.twitter.com/sXKgFdNoYG
Doubler is a new financial tool. It utilizes open smart contracts to maximize returns on crypto investments. It uses the “martingale” strategy, which is based on notions from the financial market, to minimize risks while simultaneously increasing profitability.
Doubler helps consumers reduce market risks and helps them make big returns on their investments. Combining hedging strategies and market aggregation also makes managing risks easier and generates favorable returns through various investment opportunities.
What Does it Mean For BounceBit?
The BounceBit (BB) protocol is a Bitcoin staking protocol. Its blockchain network combines DeFi and CeFi yield techniques. This allows investors to earn yield in many ways. A Web3 Metaverse is part of the BounceBit ecosystem. Developers can create new projects there.
On BounceBit, the staking incentives are generated by the simultaneous operation of the CeFi and DeFi systems. CeFi laws ensure user assets are held to the best possible security standards. At the same time, a DeFi market maker makes it feasible for decentralized trading to take place without order books.
Doubler helps BounceBit with a smart financial strategy tool. The tool uses open smart contracts and the “martingale” strategy to boost returns on crypto investments and cut risks.
Through this partnership, BounceBit users can create fund pools and grow their positions using smart contracts.
Doubler’s hedging strategies and market aggregation make risk management easy and help users generate good returns. The vision is to improve BounceBit’s yield strategies, which offer high-yield opportunities to investors in the BTC asset and BTC ecosystems.