Bounbit, a cryptographic infrastructure supplier that uses characteristics of centralized finances (CEFI) and decentralized (DEFI), has executed a negotiation negotiation strategy of Bitcoin (BTC) using the Blackrock’s performance monetary market fund, to improve.
The strategy, which will be implemented in retail institutions and users, consisted of two main components: a basic Bitcoin trade, which implies a long position in the spot market while shortening futures, and a short position in the BTC sales options, both guaranteed by Takens Buidl.
Base trade, also known as effective transport, only generated an annualized performance of 4.7%, with the drafting of sales options that contributes additional 15%. Combined with the performance of 4.25% of Buidl used as a guarantee, the total yield exceeded 24%.
Buidl’s integration as a guarantee helped generate greater performance than Stablecoins collateralized strategies, which do not generate any performance.
“This strategy allows investors to capture the yields of the treasure invoices and the arbitration yields of the financing rate,” said Jack Lu, founder and CEO of Bounbit in a press release shared exclusively with Coindesk.
“Bounbit unites the gap between the assets of the Western real world and the Asian cryptography trade infrastructure, providing new options for the generation of performance,” Lu said.
Bounbit is the native BTC reestimulation chain insured by replacing Bitcoin and Bounbit tokens. The network allows BTC holders to obtain yields through the native validator commitment, the defi ecosystem and a mechanism similar to CEFI driven by CEFFU and Mainnet Digital. When writing, cryptocurrencies worth more than $ 500 million blocked in Bounbit.
Bounbit plan to implement the BUIDL collateralized strategy to institutional and retail users soon. “The successful pilot is a proof of concept for our new BB Prime product line, which will be available for retail and institutional users,” said Bounbit spokesman for COINDESK.
“This strategy supports BB Prime as a new class of CEDEFI applications built on RWAS that are traditionally concerned about the lack of public services beyond only maintaining the performance of the T invoice, which hinders mass adoption,” added the spokesman.
Buidl, launched in March 2024 by Securitize and Blackrock, is a tokenized investment fund that operates in multiple block chains, including Ethereum, Aptos and Polygon. The Token, which currently has a market capitalization of $ 2.88 billion, is backed by US government bonds, with a stable value linked to a dollar per Token.
