Foresight News reports, according to CoinDesk, that the CeDeFi infrastructure BounceBit has announced it executed a Bitcoin derivatives trading strategy with BlackRock's BUIDL fund, achieving a total yield of over 24%. This strategy will be offered to both institutional and retail investors and consists mainly of two parts: Bitcoin spot trading, involving long positions in the spot market and short positions in futures, as well as short positions in BTC put options, both collateralized by BUIDL tokens.
BounceBit Trials Bitcoin Trading Strategy Using BlackRock's BUIDL as Collateral
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