According to CoinDesk, BounceBit has completed a Bitcoin derivative strategy test based on the BlackRock BUIDL fund, with an annualized return rate exceeding 24%. This strategy includes Bitcoin basis trading (long spot+short futures) and BTC put option selling, both using BUIDL tokens as collateral. The strategy return consists of three parts: annualized basis trading at 4.7%, option strategy at 15%, and BUIDL's own 4.25% US bond return. Compared to non profitable stablecoin collateralization schemes, this model significantly improves capital efficiency. BounceBit founder Jack Lu stated that this provides investors with a new option to simultaneously obtain US bond returns and arbitrage opportunities in the cryptocurrency market. BounceBit plans to open up this strategy to institutional and retail users through its new product line BB Prime.