The world's largest asset management group, BlackRock, surprisingly has a close partnership with $BB . I used to think it was just a gimmick, but it turns out to be true. BlackRock can be considered a traditional leader in the financial market!
Bouncebit is collaborating with BlackRock's BUIDL fund to trial a Bitcoin derivatives strategy. This strategy combines Bitcoin basis trading (going long on spot and shorting futures) and selling put options, using BUIDL tokens as collateral, achieving a strategy test with an annualized return of over 24%, enhancing capital efficiency and providing investors with the possibility of obtaining both U.S. Treasury yields and arbitrage opportunities in the crypto market.
@BounceBit also plans to launch Franklin Templeton's BENJI credit trading in the first quarter of 2025. The BENJI token is issued by Franklin Templeton and represents a part of its on-chain U.S. government money market fund (FOBXX), which can be traded on a public blockchain.
Institutional-grade returns still depend on #BounceBitPrime .