Louisa Crawford
13 November 2024 19:52
BounceBit is collaborating with Ceffu’s MirrorX to enhance automated yield optimization through secure OTC settlements, with the goal of simplifying yield farming and maximizing returns.
BounceBit announced significant improvements to its automated yield optimization capabilities through the integration of Ceffu’s MirrorX technology. According to a recent report from BounceBit, the collaboration aims to revolutionize the execution of arbitrage strategies within BounceBit’s CeDeFi V2 platform.
integration
The CeDeFi V2 platform introduces a sophisticated system designed to automatically select and execute the most profitable strategies for users. BounceBit can leverage MirrorX’s robust infrastructure to efficiently allocate funds across a variety of asset managers, ensuring optimal returns while maintaining the highest security standards.
Jack Lu, CEO and founder of BounceBit, explained: “Our V2 strategy removes the complexity of yield farming for users. The platform automatically identifies and executes on the most profitable opportunities, and MirrorX’s technology ensures these transitions occur safely and efficiently. Users simply deposit their assets and our system takes care of the rest.”
Technologies that power intelligent production
MirrorX’s architecture provides several key features:
- Dynamic redistribution of funds between asset managers
- Automated Strategy Optimization
- Secure over-the-counter payments
- Efficient position management through Binance’s abundant liquidity
- Reduce counterparty risk with Ceffu’s custody solutions
The T+1 off-chain payment system facilitates efficient position adjustments, which is critical for dynamic arbitrage strategies that require frequent adjustments and reallocations.
Institution-grade security meets user simplicity
Ceffu’s MPC-enabled custody integration ensures institutional-level security across multiple chains. This allows BounceBit to dynamically manage fund allocation based on real-time performance indicators and market conditions, ultimately maximizing user returns.
“It’s exciting to see BounceBit leverage MirrorX technology to democratize institutional-level return strategies,” said Ian Loh, CEO of Ceffu. By enabling the safe and efficient movement of funds between asset managers, we are helping BounceBit create a truly automated yield optimization platform for its users.”
About BounceBit
BounceBit is a pioneer in CeDeFi infrastructure, providing institutional-grade yield products, rethinking use cases, and offering CeDeFi as a service. The dual-token PoS layer 1 chain is secured by BTC and $BB and blends the security of Bitcoin with full EVM compatibility. BounceBit offers innovative liquidity custody tokens (LCTs) that allow users to earn interest and participate in on-chain farming through partnerships such as its partnership with Ceffu.
About Sepu
Ceffu is a compliant, institutional-grade custody platform that provides advanced custody and liquidity solutions. Certified to ISO 27001 and 27701 and SOC Type 1 and Type 2, Ceffu provides customized digital asset storage and management solutions utilizing Multi-Party Computing (MPC) technology and custom multi-permission schemes. Ceffu, Binance’s institutional custody partner, provides a secure gateway to a variety of liquid products through its MirrorX OTC settlement solution.
To view the original report, visit BounceBit.
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