cedefi

OKX showcased its new product CeDeFi at the Miami Web3 event in collaboration with Pudgy Penguins. The event demonstrated the practical applications of CeDeFi, showing users how to directly connect to tokens on Solana, Base, and X Layer within the OKX app.By seamlessly accessing the DEX market using existing OKX balances, the product provides on-chain participants with a simplified and unified trading experience.

DWF Labs head Andrei Grachev posted on X platform that DWF Labs will soon announce a new fund, with a size ranging from 30 million to 75 million dollars, using only DWF Labs' cash, focusing on DeFi/CeDeFi products.

ChainCatcher news, YZi Labs announced leading a $50 million financing round for Better Payment Network (BPN). BPN is a programmable payment network designed for the multi-stablecoin era.This investment aligns with YZi Labs' philosophy of supporting the next generation of global financial infrastructure—placing stablecoins at the core, natively built on high-performance chains, and adopting a hybrid (CeDeFi) architecture to balance efficiency, programmability, and compliance. Traditional fintech platforms rely on capital-intensive pre-funding models, forcing trillions of dollars to remain idle in local accounts to maintain payment liquidity. BPN's CeDeFi dual-track system addresses this issue by enabling real-time minting, exchanging, and burning of stablecoins across jurisdictions, thereby unlocking locked funds.BPN is natively built on BNB Chain, aiming to provide instant, low-cost, and compliant cross-border settlements, with a settlement time of 3-4 hours, compared to 1-2 days for traditional methods, and an average cost of about 30 basis points, significantly lower than the approximately 2% of traditional foreign exchange channels.

ChainCatcher news, OKX co-founder and CEO Star stated in a post that the company's mission is to provide blockchain infrastructure to support asset discovery, trading, and DeFi participation across hundreds of public chains, and that it will not artificially create tokens or hype the market.He mentioned that OKX adheres to compliance and has supported direct bank account connections in markets such as the EU, UAE, Australia, and the United States. The company is currently in the public testing phase of its CeDeFi product, achieving "seamless trading" on DEX through Passkey and Magic Spend, while maintaining asset self-custody. Star emphasized that the true development of Web3 relies on building rather than emotions and speculation.

ChainCatcher news, Zhu Su, co-founder of Three Arrows Capital, stated that the rise of CeDeFi is the biggest negative for Ethereum, as it means that a large amount of business logic that was originally expected to run on distributed networks as open-source smart contracts has actually turned into closed-source code running on a single server.Zhu Su believes that Ethereum needs to embrace use cases that benefit from global distributed computing and anti-censorship characteristics, including some cypherpunk-style applications (such as privacy protection) and yet-to-be-developed low-hanging fruits.He pointed out that if Ethereum itself does not perform well, decentralized finance will find it difficult to rise again, because in a world where validator decentralization and demand for smart contracts are low, people can choose to operate off-chain to save time and money.

ChainCatcher news, according to Messari data, BounceBit's TVL (Total Value Locked) is currently $566.1 million. BounceBit will shift its strategic focus towards dollar-denominated yield products in 2025.It is reported that BounceBit's CeDeFi model integrates CeFi and DeFi, aiming to provide institutions with yield, Bitcoin re-staking, and the integration of real-world assets.

According to ChainCatcher news from the official blog, the CeDeFi protocol BounceBit has released its strategic plan for 2025, focusing on the development of institutional-level CeDeFi and real-world asset (RWA) businesses. The platform plans to launch its flagship product BounceBit Prime for institutions in Q1, with subsequent developments in the RWA credit market, settlement and clearing systems, etc., from Q2 to Q4.It is reported that BounceBit's total locked value (TVL) has grown from $200 million to $700 million by Q4 2024, with protocol revenue exceeding $2.5 million for two consecutive months. The platform has currently established a strategic partnership with the largest listed Bitcoin holder in Asia, Boyaa Interactive (HKG: 0434).

ChainCatcher news, BounceBit announced the expansion of USDC support through two new initiatives: the introduction of the Bridged USDC standard on the BounceBit chain, and the launch of the USDC yield generation feature on its CeDeFi platform.Users can connect their wallets and deposit USDC through the BounceBit official website to monitor yield performance in real-time. Additionally, BounceBit plans to explore collaboration with Circle in the RWA field and continue to develop more services to meet user needs.

ChainCatcher news, CeDeFi infrastructure BounceBit has received investment from Laser Digital, a subsidiary of Japan's Nomura Group.Laser Digital is a digital asset company that, supported by Nomura Securities, provides scalable and robust opportunities in trading, asset management, and venture capital.

ChainCatcher news, BounceBit announced a partnership with Ondo Finance to introduce tokenized real-world assets (RWA) business. The project aims to achieve institutional-grade yield products by 2025, combining real assets with CeDeFi (a mix of centralized and decentralized finance) to create a new financial paradigm.

ChainCatcher message, official data, affected by market fluctuations, the CeDeFi product launched by Manta Network currently offers an annualized return of 19.9% for BTC, 18.7% for ETH, and 74.2% for USDT. The current CeDeFi TVL exceeds 138 million USD.Manta CeDeFi is a coin-based yield product, allowing users to deposit BTC, ETH, and USDT related assets through the Ethereum mainnet, BNB chain, and Manta Pacific. These assets are mapped to the exchange by the former Binance custodian service provider Ceffu, providing institutional arbitrage, quantitative, and other trading strategy yields. In addition, after depositing assets, users will receive liquidity certificates mBTC, mETH, and mUSDT, which can be further deposited into projects like Cytonic, Mind Network, and Fuel to gain future airdrop benefits.

ChainCatcher news, the Bitcoin liquidity staking platform PumpBTC announced the completion of a $10 million seed round financing, led by SevenX Ventures and Mirana Ventures, with participation from UTXO, Mantle Ecosystem Fund, Arcane Group, and others.This financing will help PumpBTC launch its new product BTC-Fi, a CeDeFi BTC liquidity vault that combines CeFi-level security with DeFi's BTC yield optimization, providing automated yield strategies.Since its launch in July 2024, PumpBTC has been deployed on over 10 public chains, attracting a total locked value of 3,400 BTC (approximately $240 million), and has partnered with over 70 projects to build a multi-chain, multi-partner ecosystem, further promoting the development of CeDeFi.

ChainCatcher news, according to official sources, the BounceBit community has launched the first ecological project based on the BounceBit CeDeFi infrastructure, durian.win, which aims to provide Degen users with an extremely user-friendly perpetual contract trading platform. The early access event for durian.win is expected to start in November.In the future, 15% of the tokens that may be issued by durian.win will be allocated to the BounceBit community and V2 version users, further enhancing the interaction and feedback mechanism of the CeDeFi ecosystem.

ChainCatcher news, the CeDeFi platform Syrupal Protocol recently announced on X platform that it has successfully completed a $3.75 million seed round financing, bringing its valuation to $25 million. The specific investors have not been disclosed.According to reports, Syrupal is a CeDeFi platform dedicated to integrating the advantages of centralized and decentralized systems, offering cryptocurrency options including BTC and ETH, and supporting various options strategies.

ChainCatcher news, according to official sources, Manta Network has partnered with Mind Network. Users can deposit BTC and ETH into the Manta CeDeFi platform to earn APY rewards while accumulating Mind Network vFHE token airdrop points.The Manta CeDeFi product is a real asset-backed yield product launched by Manta Network, aggregating various yield strategies from RWA, on-chain, and CEX. Users can deposit BTC, ETH, and stablecoins to participate and earn different types of yields, including RWA, institutional CeFi yields, and funding rate arbitrage profits. Mind Network is a fully homomorphic encryption (FHE) protocol supported by Binance Labs, SevenX Ventures, Haskkey, and others.