- BounceBit launched Borobudur, a credit score layer providing zero-interest borrowing backed by tokenized money-market funds and crypto funding methods.
- Customers can maintain incomes yield on property held in Franklin Templeton’s tokenized fund BENJI and CeDeFi technique positions whereas accessing 0% credit score denominated in BB.
- BounceBit goals to increase an ecosystem wherein BB is used because the lending unit by linking crypto-based CeDeFi methods and real-world asset (RWA) tokenized merchandise inside a single credit score construction.
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CeDeFi platform BounceBit has launched a brand new credit score layer that gives zero-interest borrowing backed by tokenized money-market funds and crypto funding methods.
Wu Blockchain reported on Aug. 18 that BounceBit had rolled out Borobudur, a credit score layer that lets customers holding Franklin Templeton’s tokenized fund BENJI and CeDeFi technique positions maintain incomes yield on these property whereas accessing 0% credit score denominated in BounceBit’s native token, BB.
CeDeFi combines centralized finance, or CeFi, with decentralized finance, or DeFi. It merges the working mannequin of centralized monetary providers with blockchain-based on-chain buying and selling and yield era.
Borobudur is designed to deliver crypto-based funding methods and tokenized money-market fund property right into a single credit score framework. The platform is constructed to let customers safe extra liquidity towards present holdings with out promoting these property or giving up yield.
With the launch, BounceBit can also be increasing using BB inside its capital infrastructure. The corporate goals to hyperlink crypto-based CeDeFi methods and tokenized real-world asset merchandise inside a single credit score construction, broadening an ecosystem wherein BB serves because the lending unit.
