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Bouncebit, a crypto infrastructure provider using functions from centralized (CEFI) and decentralized financing (defi), performed a bitcoin (BTC) derivative of strategy trading using Blackrock’s tokenized money market, buid, increasing returns.
The strategy to be introduced into institutions and retail users consisted of two main components: Bitcoin basic trade, including a long position on the spot market in the short -circuit Futures, and a short position in BTC optics, both collateralized by BUIDL Tokens.
The basic trade, also known as cash and transmitting arbitration, generated the analized yield of 4.7%, and the option contributed to another 15%. Combined with 4.25% return on the buid used as a collateral, the total yield exceeded 24%.
The integration of buidl as a collateral has helped to generate a higher return than strategy secured by stablecoins that do not generate any return.
“This strategy allows investors to capture both the revenues of the treasury and the revenues of the arbitration of financing,” said Jack Lu, founder and CEO of Bouncebit in a press release exclusively with Coindesk.
“Bouncebit bridges the gap between Western real world issues and infrastructure for trading in Asian cryptor and provides new possibilities for generating yield,” Lu said.
Bounce -bit The native BTC design chain is ensured by setting both bitcoin and bounce -tokens. The network allows BTC holders to earn revenues through native verification betting, ecosystem of the defi and mechanism similar to Cefi -driven Ceff and Mainnet Digital. From writing, cryptocurrencies worth over $ 500 million were locked on bouncebit.
Bouncebit is soon planning to introduce a buid-collateralized strategy of institutional and retail users. “A successful pilot is proof of the concept of our new BB Prime product line, which will be available to retail and institutional users,” said Bouncebit Coindesk.
“This strategy supports BB Prime as a new class of Cedefi, which is traditionally concerned about the lack of tools than just holding the yield of T-Bill, which prevents the acceptance of mass,” the spokesman added.
The buid, launched in March 2024 by Securitize and Blackrock, is a tokenized investment fund operating on multiple blockchains, including Ethereum, Aptos and Polygon. The token, which currently boasts a market ceiling of $ 2.88 billion, is supported by short -term US government bonds and boasts a stable value linked to one dollar per token.
