BlackRock's tokenized US Treasury fund BUIDL is being increasingly adopted by crypto projects!
CeDeFi infrastructure BounceBit uses BUIDL as collateral to create an innovative trading strategy with an APY of 24%, significantly outperforming the traditional model of using stablecoins as collateral, where interest is often absorbed by issuers, leaving investors without benefits.
📌 The specific approach of this strategy includes:
・Using BUIDL as collateral to initiate a BTC three-month futures basis trade (APY around 5%)
・Simultaneously pairing it with BTC options strategies to generate approximately 20% APY
・Adding the US Treasury yield inherent to BUIDL
👉 Combined, the total potential return reaches up to 24% APY.
Currently, this strategy is not open to the public, and the official statement indicates that it is a proof of concept.
Another case that has already been launched👇
The multi-chain lending protocol Euler has now launched the sBUIDL-USDC/AUSD market on Avalanche!
Users can use sBUIDL as collateral to borrow USDC or AUSD, while also earning AVAX rewards.
sBUIDL is an ERC-20 token issued by Securitize, anchored 1:1 with BlackRock's tokenized US Treasury fund BUIDL, further expanding BUIDL's DeFi application scenarios.
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