Ceffu and Cycle Network Partner to Streamline Off-Exchange Trading with MirrorX
Ceffu is pleased to announce its partnership with Golden Goose, a yield protocol developed by Cycle Network. This collaboration involves the implementation of our flagship MirrorX solution, which facilitates off-exchange settlement for trading activities on the largest centralized exchange globally by trading volume.
Through the integration of MirrorX, Golden Goose executes arbitrage strategies on Binance while keeping assets secured under Ceffu's custody. The system enables institutional clients to delegate and undelegate assets for trading without direct exchange transfers, reducing counterparty risk through off-exchange settlement.
This collaboration is particularly significant for yield products like Golden Goose, which aim to maximize returns by combining the chain abstraction capabilities of Cycle Network with advanced trading strategies such as delta-neutral funding rate arbitrage. By leveraging the capabilities of MirrorX, Golden Goose can tap into Binance's extensive features, including derivatives trading on a highly liquid order book. The solution guarantees off-chain settlements at T+1, facilitating swift reconciliation of all trading positions.
"Ceffu has established itself as a gold standard in custody solutions, seamlessly fulfilling our digital asset needs. By utilizing off-exchange settlement, we effectively reduce counterparty risks, allowing us to maintain exceptional risk management standards and unlock more yield opportunities for our users." - Robbie, Co-founder, Golden Goose
"We are glad to team up with innovative initiatives like Golden Goose, aiming to simplify user experience and achieve mass adoption of crypto. Through MirrorX, Golden Goose can enhance its investment portfolio with reduced risk on the most liquid crypto platform globally. We eagerly anticipate cultivating and strengthening this collaboration." - Ian Loh, CEO, Ceffu
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As we build strategic partnerships to strengthen our offerings, our unwavering mission is to deliver best-in-class security for our clients' digital assets while connecting them to the most innovative and rewarding opportunities across the crypto ecosystem.
To learn more about how Ceffu’s custody and liquidity solutions can help drive your business forward, contact us using our institutional form.
About Golden Goose
Golden Goose is the first real super hybrid yield protocol created by Cycle, perfectly addressing the diverse investment preferences of different investors. Moderate and aggressive investors can earn additional high returns while fulfilling their original investment goals, no longer confined to a single type of return.
About Cycle Network
Cycle Network offers bridgeless liquidity abstraction through verifiable state aggregation, supporting all BTC and EVM networks. This enables users to interact and transact across chains and dApps in a trustless, secure, and omni-chain environment, without the need for bridges. It is incubated by Binance Labs and invested by well-known entities throughout web3 and web2 such as Summer Capital, LiquidityTech Protocol, Manta Network and Vertex Ventures, a web3 subsidiary of Temasek Holdings.
About Ceffu
Ceffu is a compliant, institutional-grade custody platform offering custody and liquidity solutions that are ISO 27001 & 27701 certified and SOC2 Type 1 & Type 2 attested. Our multi-party computation (MPC) technology, combined with a customizable multi-approval scheme, provides bespoke solutions allowing institutional clients to safely store and manage their digital assets. Institutions may also benefit from Ceffu’s secure gateway to a wide range of liquidity products within other exchanges’ ecosystems. Institutions may also benefit from Ceffu's secure gateway to the world's largest crypto exchange through MirrorX, our off-exchange settlement solution.
Media contact: pr@ceffu.com
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