@BounceBit infrastructure CeDeFi (Centralized-DeFi) first for restaking Bitcoin,
Latest update based on news and discussions in the ecosystem:
1. Integration of Franklin Templeton's Benji on BNB Chain for BounceBit Prime
- BounceBit confirms the continuation of collaboration with Franklin Templeton's Benji (tokenized money market fund worth $692M) on the BNB Chain for its Prime platform. Benji has already been the main backing, with cumulative transaction volume reaching $1.5B. Recently, they minted an additional $1M Benji for collateralized trading expansion, offering a yield of ~14% + 3.8% through a neutral strategy.
- This marks a significant step in scaling RWA, supported by @cz_binance and @yzilabs since day one. Users can stack yield from BTC restaking while maintaining custody-grade security.
- The community on X is buzzing about this as a "bridge between TradFi and DeFi," with predictions of a major follow-up announcement.
2. Impact of CFTC Regulation on Tokenized Collateral
- CFTC (Commodity Futures Trading Commission) has launched an initiative for tokenized collateral (including stablecoins) in the derivatives market, with public feedback until October 20, 2025. This directly supports the BounceBit Prime thesis: Using BENJI (Franklin Templeton) and BUIDL (BlackRock) as collateral for trade base.
- BounceBit refers to this as a "regulatory tailwind" that opens up capital unlock opportunities for $BB. Their CeDeFi model, which combines BBTC (wrapped BTC) validator staking and BB, is increasingly relevant for idle BTC yield.
3. Token Price and Performance $BB
- The current price of BB is approximately $0.21263 USD (up 2.02% in the last 24 hours), with a market cap of €157 million and a circulating supply of 409.5 million tokens (out of a total of 2.1 billion).
- 24-hour trading volume: $64.8 million on Pionex (the most popular BB/USDT pair). FDV: BTC3,860.
- Prediction: A temporary drop to $0.1238 next week due to unlock pressure, but bullish long-term—could reach an average of $0.254 by the end of 2025, with potential for a 317% increase by 2030. Unlocking 42.89 million BB ($6.4M) on September 10 adds supply pressure, but the buyback program ($10M+ revenue for repurchase) helps stabilize.
4. Ecosystem Update and Yield Strategies
- USD1 CeDeFi Yield: Additional yield strategy with USD1 (stablecoin from World Liberty Financial owned by the Trump family), launching June 2025 with 15% APY Promo Vault (limit $1M, 30 days). This is part of the expansion of BTC restaking into "digital capital" via DeFi and CeFi mirroring (with Ceffu and Mainnet Digital).
- Token Buybacks: Already repurchased 8.87 million BB (using $16M annual revenue), with plans to redirect trading fees for scarcity. The foundation holds 5 million tokens, transparent via public dashboard.
- Funding and Milestone: Seed round $6M (February 2024) from Blockchain Capital, Breyer Capital, etc. TVL >$540M. Q4 2025 Plan: Integration of tokenized stock products from the global market into DeFi.
- APR staking: Up to 19.16% for $BB, with the community asking for more airdrops and vaults.
BounceBit (founded 2023 by Jack Lu) focuses on transforming BTC from "digital gold" to yield-generating assets, with support from Binance Labs. Total supply fixed at 2.1 billion, gas fee via BB, and governance on-chain.