PANews reported on May 19 that according to CoinDesk, BounceBit completed the test of Bitcoin derivatives strategy based on BlackRock BUIDL Fund, with an annualized yield of over 24%. The strategy includes Bitcoin basis trading (spot long + futures short) and BTC put option selling, both using BUIDL tokens as collateral. The strategy income consists of three parts: 4.7% annualized basis trading, 15% option strategy, and 4.25% US Treasury yield of BUIDL itself. Compared with the non-yielding stablecoin collateral scheme, this model significantly improves capital efficiency. Jack Lu, founder of BounceBit, said that this provides investors with a new option to obtain US Treasury yields and crypto market arbitrage opportunities at the same time. BounceBit plans to open this strategy to institutional and retail users through its new product line BB Prime.