21.3 C
London
Thursday, October 17, 2024
HomePRESS RELEASESBitFi a prominent CeDeFi platform achieves over 400 million in Total Value...

BitFi a prominent CeDeFi platform achieves over 400 million in Total Value Locked since its debut in early access

Date:

Related Stories

Anticipating Shiba Inus Future Insights on SHIB Price as Whales Awaken from Hibernation

/> 'http://ethupdates.com/wp-content/uploads/2022/08/172906501320020.png'>/> Despite the high volati...

Is the RektMe Crypto Mini App on Telegram Worth Your Time

A fresh project in the Prom zkEVM ecosystem, Rekt.Me Crypto, unveiled its Telegram mini app on Octob...

Time Farm Responds Today Daily Quiz for October 15 2024

The team behind Time Farm has recently revealed their upcoming initiative, set to take place in 2024...

Todays Daily Quiz on Time Farm Unveiling the Answers for October 15 2024

The Time Farm team has announced plans for an airdrop in 2024 , where users may receive $SECOND toke...

Bitcoin ETFs Attract 407M Inflows Following US Elections

Meanwhile, short-Bitcoin products, investment vehicles that profit when Bitcoin’s price falls, saw...
spot_imgspot_img

BitFi has already achieved a significant milestone since its launch in Early Access, surpassing $400M in Total Value Locked (TVL) and establishing itself as a leading CeDeFi platform. This impressive accomplishment highlights BitFi’s dedication to empowering users with secure staking and multiple layers of yield sources. Utilizing advanced on-chain technology and comprehensive off-chain strategies, BitFi consistently maximizes returns from various sources, making it the ideal choice for BTC holders.

By efficiently utilizing CeFi and DeFi Infrastructure, BitFi has been able to maximize BTC yield, particularly through The Secret Moon Event, which provided early access to staking $BTCB, $WBTC, and $BTC. Since then, BitFi’s TVL has experienced rapid growth, exceeding $400M.

BitFi achieves high returns on BTC by leveraging both CeFi and DeFi Infrastructure, generating multiple layers of yields for BTC stakers:

CeFi Yields: Competitive returns from ultra-low-risk quantitative strategies managed by BitFi’s trading team, with a strong Wall Street background, providing users with access to institutional-level performance.
Ecosystem Yields: Attractive yields offered by ecosystem partners on BitFi’s staking token.
BitFi Platform Yields: BitFi token airdrops and yields offered to BTC stakers and participants of various BitFi campaign activities.

This innovative integration of on-chain technology and off-chain trading strategies makes BitFi the optimal platform for generating returns on BTC while ensuring the safety of the asset.

Looking ahead, BitFi is preparing to welcome whitelisted users to experience the platform firsthand after the impressive TVL surge. The platform is also committed to continuous innovation, with upcoming features like Re-Staking and Dynamic Dollar Yield on the horizon. BitFi is dedicated to unlocking even more potential from digital assets for its users.

About BitFi
BitFi is a revolutionary CeDeFi platform that combines secure staking mechanisms with innovative synthetic assets to create a robust and dynamic ecosystem. Leveraging advanced on-chain technology and comprehensive off-chain quantitative strategies, BitFi is dedicated to optimizing asset returns safely and efficiently across multiple blockchains.

Website
|
Twitter

Subscribe

- Never miss a story with notifications

- Get full access to our premium content

- Browse for free from up to 5 devices at once

Latest News

spot_img

LEAVE A REPLY

Please enter your comment!
Please enter your name here