US EditionBlackRock’s BUIDL To Power BounceBit’s New RWA Yield Strategy Platform
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BlackRock’s BUIDL To Power BounceBit’s New RWA Yield Strategy Platform
Financial infrastructure firm BounceBit is tapping into BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL) for a new real-world assets (RWA) yield strategy tool. According to a new press release from BounceBit, the collaboration mixes traditional finance with blockchain infrastructure, allowing investors to leverage traditional yields with crypto derivatives trading. Per the announcement, the strategy involves... The post BlackRock’s B…
BounceBit’s Hybrid Finance Model Delivers Double-Digit Yield With BUIDL Collateral - Crypto Economy
TL;DR BounceBit closed a bitcoin derivatives trading operation using BUIDL as collateral, achieving an annualized return of over 24%. The strategy combined a basis trade, put option selling, and BUIDL token yield, outperforming returns from stablecoin-backed schemes. The project plans to offer this model to institutional and retail users through BB Prime, its new line of CeDeFi products. BounceBit announced the successful execution of a bitcoin…
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