PANews reported on May 19th that according to CoinDesk, BounceBit has completed a Bitcoin derivative strategy test based on the BlackRock BUIDL fund, with an annualized return rate exceeding 24%. The strategy includes Bitcoin basis trading (spot long + futures short) and BTC put option selling, all using BUIDL tokens as collateral. The strategy's earnings consist of three parts: 4.7% annualized basis trading, 15% options strategy, and an additional 4.25% US Treasury yield from BUIDL itself. Compared to stablecoin collateral solutions with no yield, this model significantly improves capital efficiency. BounceBit founder Jack Lu stated that this provides investors with a new option to simultaneously obtain US Treasury yields and crypto market arbitrage opportunities. BounceBit plans to open this strategy to institutional and retail users through its new product line BB Prime.
