Recently, the popularity of RWA (Real World Assets) has surged, and @BounceBit , as a representative project, has attracted considerable attention. But where does it stand between innovation and risk?
1. Institutional endorsement ≠ absolute safety
The participation of BlackRock and Franklin Templeton does enhance the project's credibility, but the involvement of traditional financial giants in crypto often has a trial nature. How long can their resource tilt last? If the market cools down, will they withdraw their investments quickly? These questions are worth pondering.
2. Is the source of income sustainable?
An annualized return of 24% is extremely attractive in a low-interest-rate era, but this return consists of "government bonds + crypto arbitrage". If the crypto market enters a long-term bear market, can the arbitrage strategy maintain high returns? Historical data shows that ultra-high-yield products often come with higher hidden risks.
3. On-chain transparency as a double-edged sword
Although smart contracts ensure operational transparency, DeFi history has repeatedly proven: open code does not equal absolute safety. Complex financial products may hide undiscovered vulnerabilities, and the LUNA collapse in 2022 was also "on-chain verifiable".
Conclusion
BounceBit has a first-mover advantage in the RWA space, but its business model has yet to undergo a complete market cycle test. Investors should:
- Strictly control the position ratio (suggested not to exceed 15% of the portfolio)
- Continuously monitor the trends of institutional funds
- Focus on studying the underlying logic of its income strategy