🧩 CeDeFi, LST and Restaking: the new era of productive Bitcoin

What if your Bitcoin could finally work?

For more than ten years, Bitcoin has been a digital safe: secure, but passive.
Today, a new generation of protocols wants to change that.
It doesn’t aim to replace Bitcoin, but to make it productive.

Welcome to the era of CeDeFiCentralized-Decentralized Finance — and Restaking, where security and yield finally come together.


🧭 From DeFi to CeDeFi: a bridge between two worlds

🔹 CeFi: the finance of trust

It offers comfort and compliance, but requires trusting intermediaries.
Banks, exchanges, custodial platforms — everything relies on trust.

🔹 DeFi: the finance of code

It removes intermediaries: smart contracts, on-chain transparency, total freedom.
But it remains complex and often intimidating for newcomers.

🔹 CeDeFi: the missing link

CeDeFi combines the regulatory safety of CeFi with the transparency of DeFi.
Funds can be held by regulated custodians,
yet tokenized and used freely on-chain.

🧠 CeDeFi isn’t a betrayal of decentralization —
it’s its adaptation to the real world.


🔧 The new toolkit: LCT, LST and Restaking

🪙 LCT (Liquid Custody Tokens)

An LCT represents an asset held by a licensed custodian.
Example: deposit BTC with a custodian → receive BBTC (1:1).

🔁 LST (Liquid Staking Tokens)

After staking an asset, you receive a liquid token (e.g., stETH or stBBTC)
that accrues yield and remains usable as collateral.

♻️ Restaking

A concept born on Ethereum with EigenLayer:
re-use an already staked asset to secure additional protocols
and earn multiple yield streams on the same capital.

🧠 LCT, LST and Restaking are the new grammar of CeDeFi.


🔺 The Restaking triangle: three visions, one goal

CriterionEigenLayerBabylonBounceBit
BaseEthereumBitcoin (Cosmos SDK)Bitcoin + EVM L1
PrincipleRestake ETH LSTsBitcoin secures PoS chainsTokenized Bitcoin via custody
YieldOn-chain, AVS rewardsPoS rewards (Cosmos)Hybrid CeFi + DeFi
DecentralizationVery highFullPartial
AudienceDeFi developersPoS validatorsInstitutions & DeFi users
Narrative“Restake your ETH”“Secure PoS with BTC”“Make Bitcoin productive”

🧠 EigenLayer shares security.
Babylon exports security.
BounceBit monetizes security.


⚙️ Focus: BounceBit, when CeDeFi meets Bitcoin

BounceBit is the first blockchain to apply CeDeFi to Bitcoin.
Its model: a dual-token Layer 1 where staking combines BTC + BB.

  • BTC is held by regulated custodians (e.g., Mainnet Digital, Ceffu).
  • It is tokenized into BBTC, then staked to generate yield.
  • Validators use both tokens (BTC + BB) to secure the network.
  • The ecosystem is EVM-compatible, open to dApps and DeFi tooling.
  • Its original brick: BounceClub, a platform to create
    your own pools, strategies and bespoke CeDeFi products.

Deposit 1 BTC → receive 1 BBTC → restake it → earn hybrid CeDeFi rewards visible on-chain.


⚖️ Revolution or trade-off?

✅ What it brings

  • Yield without selling your BTC
  • Institutional-grade custody and compliance
  • On-chain transparency of flows
  • Continuous liquidity thanks to liquid tokens

⚠️ What it implies

  • Custody risk: reliance on centralized custodians
  • Complexity: CeDeFi is young and not battle-tested everywhere
  • 1:1 peg to monitor (BBTC ↔ BTC)
  • Legal framework evolving (MiCA, DAC8, EU rules)

🧠 CeDeFi seeks the balance between yield, compliance and sovereignty.


🧊 Snow-Fall.io: architect of bridges between ecosystems

At Snow-Fall.io, we already host validators and infrastructure
across Cosmos, Babylon, Algorand, Flux, TAO and more.
Our mission: provide non-custodial, bare-metal, transparent services.

CeDeFi opens a new terrain:
where technical expertise meets compliance.

Tomorrow, Snow-Fall could:

  • Host hybrid CeDeFi nodes;
  • Launch a “Productive BTC” pool for clients;
  • Create a Snow-Fall BounceClub for the community.

We observe, analyze and prepare this future — with the same independence ethos.


🚀 Three paths, one summit

EigenLayer, Babylon and BounceBit pursue the same dream:

making blockchain security productive.

CeDeFi may be the first real bridge
where institutional finance and Web3 finally meet.

And perhaps Snow-Fall.io will be that infrastructure bridge between worlds?