Onchain yield is growing up.
APR used to be the headline.
Now the real questions are:
What backs the yield?
Where is the collateral held?
How deep is liquidity?
How does settlement work?
That's why tokenized Treasuries, institutional money market funds and off-exchange settlement are becoming important pieces of onchain financial infrastructure.
BounceBit is building around this shift by connecting:
Tokenized assets → Institutional custody → Productive collateral → Trading
The next phase of CeDeFi won't be about chasing the highest APR.
It will be about risk-adjusted yield, usable collateral and capital efficiency.
$BB
#BounceBit #CeDeFi #RWA #Tokenization