KEY TAKEAWAYS
- BounceBit launches CeDeFi V2, enhancing access to US Treasury yields through a user-friendly platform.
- The CeDeFi model merges centralized finance benefits with decentralized finance innovations, bridging TradFi and DeFi.
- USDY, a tokenized note secured by US Treasuries, offers global accessibility and daily liquidity to non-US investors.
- The BounceBit platform integrates USDY, providing seamless yield opportunities via Ethereum-native infrastructure.
BounceBit has announced the launch of its CeDeFi V2 platform, featuring a standalone USDY Vault that facilitates seamless access to US Treasury yields. This development marks a significant step in expanding real-world asset (RWA) access through a user-friendly interface, allowing users to engage with tokenized US Treasury products within the CeDeFi ecosystem.
The CeDeFi model employed by BounceBit is a hybrid financial framework that merges the benefits of centralized finance, such as user-friendly interfaces and regulatory compliance, with the innovations of decentralized finance, including smart contracts and tokenized assets. This approach aims to bridge traditional finance (TradFi) and decentralized finance (DeFi) within a secure and regulated environment.
CeDeFi V2: A New Era for Real-World Asset Integration
CeDeFi V2 represents a significant expansion over BounceBit’s previous version, CeDeFi V1, which successfully established the CeDeFi interface. The new version is chain-agnostic and introduces various bluechip assets as eligible for generating real yield through delta-neutral strategies. USDY, as the first US Treasury-backed asset on the V2 platform, opens new dimensions for yieldcoin unlocks.
Users can now deploy USDY in a dedicated vault on BounceBit without the need to lock up tokens, benefiting from the platform’s enhanced $BB token incentives. This initiative follows BounceBit’s successful collaboration with Ethena earlier this year, reinforcing its position as a leading innovator in the CeDeFi space.
USDY: A Tokenized Note Secured by US Treasuries
USDY is the world’s first tokenized note secured by short-term US Treasuries within a bankruptcy-remote special purpose vehicle. It is accessible to non-US individual and institutional investors, combining the accessibility of stablecoins with high-quality, US dollar-denominated yield.
Key features of USDY include broad accessibility, allowing it to trade globally in secondary markets to non-US investors, and a variable interest rate that accrues monthly. Additionally, USDY offers daily liquidity, enabling non-US investors to mint and redeem on a daily basis. The asset is secured by short-term US Treasuries under control agreements and is offered in a continuous Regulation S offering to non-US investors.
The integration of USDY on the BounceBit platform is the first opportunity to access USDY via CeDeFi infrastructure, making yield opportunities as simple as any one-click retail finance application. The platform operates on the BounceBit chain, a dual-token PoS Layer 1 secured by BTC and $BB, leveraging Bitcoin’s security with full EVM compatibility. USDY exposure on the platform will be via Ethereum-native USDY.
For more information, the full announcement can be found here.
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