BounceBit has successfully tested a Bitcoin Derivative strategy based on BlackRock's BUIDL fund, delivering an annual yield exceeding 24%. The strategy includes Bitcoin Basis trading (spot purchase + futures sale) and BTC put option sales, both using BUIDL Token as collateral.
The strategy's profit is composed of three parts: 4.7% from annual Basis trading, 15% from the option strategy, and 4.25% from the US government bond yield of BUIDL itself. Compared to non-yielding stablecoin collateral models, this model clearly enhances capital efficiency.
Jack Lu, BounceBit's founder, stated that this strategy provides investors with a new option to receive US government bond yields while leveraging opportunities to profit from cryptocurrency market price differences.
BounceBit plans to expand this strategy for institutional and individual users through its new BB Prime product line.
