BB Token × Ondo Finance! Government Bond RWA Debuts on Public Chain, Stake BB for 4.65% Annualized + Dual Earnings from Platform Token

BounceBit today announced a strategic partnership with the DeFi blue-chip project Ondo Finance to officially launch the USDY Vault, a real-world asset (RWA) treasury based on U.S. government bonds. This product allows users to earn dual returns by staking BB tokens: a base return of 4.65% APY, the coupon rate of government bonds, plus additional BB token rewards issued by the platform, with a combined annualized return of up to 7.2%. The initial product has attracted $450 million in liquidity, becoming the largest RWA application in the CeDeFi space.

Technical Innovations:

1. On-chain Custody: The LCT (Liquidity Custody Token) technology developed by BounceBit enables real-time on-chain confirmation of government bond assets. Users can deposit USDT to receive BBUSD tokens pegged 1:1, which can be directly used for DeFi lending or cross-chain trading.

2. Risk Hedging: The treasury has a built-in smart liquidation mechanism that automatically liquidates when the collateralization ratio falls below 120%. Combined with Ondo's credit scoring model, the default risk is controlled to below 0.3%.

3. Compliance Transparency: The underlying assets of the product are provided by BlackRock's iShares Government Bond ETF, and daily Net Asset Value (NAV) is recorded on-chain through Chainlink oracles, fully complying with SEC regulatory requirements for RWA tokenization.

Market Data: Since the BB token was launched on Binance's Megadrop platform on July 31, its 24-hour trading volume surged by 380%, and its market cap ranking jumped to the top 500 cryptocurrencies. The current BB token price is $0.099, representing a 127% increase since its initial launch, with over 12,000 new users added daily to the platform.

Professional Advice: For institutional investors, the BounceBit CeDeFi gateway can connect traditional financial accounts with on-chain wallets, automating the entire process of government bond staking and derivatives trading, reducing compliance costs by up to 60%#bouncebitprime @BounceBit $BB