MirrorX Powers BounceBit's Automated Yield Optimization
Ceffu's MirrorX solution has been at the heart of BounceBit’s CeDeFi infrastructure, supporting its execution of arbitrage strategies through off-exchange settlement via the Binance exchange. As BounceBit worked on the development of its V2 design, Ceffu played a pivotal role in optimizing arbitrage strategy execution for BounceBit V2, marking a significant advancement in automated yield optimization for its users.
The Integration
BounceBit V2 introduces an automatic system selecting and executing strategies it deems most profitable for its users. By leveraging MirrorX's infrastructure, BounceBit can seamlessly allocate funds across different asset managers, optimizing returns while maintaining institutional-grade security.
At the core of this integration is MirrorX's unique architecture, enabling:
Efficient position management through Binance's deep liquidity
Dynamic reallocation of funds between asset managers
Automated strategy optimization
Secure off-exchange settlement
Minimized counterparty risk through Ceffu's custody
MirrorX’s T+1 off-chain settlement ensures efficient position reconciliation, crucial for client use cases such as BounceBit's dynamic arbitrage strategies which require frequent position adjustments and reallocation between managers.
"Our V2 strategy eliminates the complexity of yield farming for users. ," explains Jack Lu, CEO & Founder of BounceBit. "The platform automatically identifies and executes the most profitable opportunities, while MirrorX's technology ensures these transitions happen securely and efficiently. Users simply deposit their assets, and our system handles the rest." – Jack Lu, CEO & Founder, BounceBit.
Foundational Security Layer
Providing full peace of mind to BounceBit’s ecosystem, Ceffu’s multi-party computation (MPC) technology helps secure BounceBit CeDeFi across multiple chains. Through MirrorX's integration, BounceBit can dynamically allocate funds between asset managers based on real-time performance and market conditions, ensuring optimal returns for users.
"We’re thrilled to unlock new use cases for clients like BounceBit to optimize their strategies through MirrorX”By enabling secure and efficient fund movement between asset managers, we're helping BounceBit create a truly automated yield optimization platform for their users." – Ian Loh, CEO, Ceffu
This integration showcases how institutional-grade infrastructure can be leveraged to create user-friendly DeFi solutions. As the digital asset landscape evolves, the combination of BounceBit's automated optimization engine and MirrorX's secure infrastructure sets new standards for automated yield generation.
Deep liquidity without compromising on security
To learn more about how Ceffu’s custody and liquidity solutions can help drive your business forward, contact us using our institutional form.
About BounceBit
BounceBit pioneers CeDeFi infrastructure, offering institutional-grade yield products, restaking use cases, and CeDeFi as a service, making high-yield opportunities accessible to all.
The BounceBit chain, a dual-token PoS Layer 1 secured by BTC and $BB, leverages Bitcoin's security with full EVM compatibility. By designing liquidity custody tokens (LCTs) and partnering with CEFFU, users earn tangible interest from CeFi and utilize LCTs for restaking and on-chain farming.
About Ceffu
Ceffu is a compliant, institutional-grade custody platform offering custody and liquidity solutions that are ISO 27001 & 27701 certified and SOC Type 1 & Type 2 attested. Its multi-party computation (MPC) technology, combined with a customizable multi-approval scheme, provides bespoke solutions allowing institutional clients to safely store and manage their digital assets.
Institutions also benefit from Ceffu’s secure gateway to a wide range of liquidity products within the Binance ecosystem as Binance’s institutional custody partner through MirrorX, its off-exchange settlement solution.
Media contact: pr@ceffu.com
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