The Securitize Credit has partnered with QCP, a digital asset trading company, to incorporate BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL) into Securitize’s yield generation strategy. According to a press release published on Thursday, the collaboration involves Securitize Credit using BUIDL, a digital asset fund that is encrypted, as collateral for basis trading with QCP. This is the first derivative trading supported by BlackRock’s on-chain fund as collateral. This BTC-based basis trading, also known as cash basis trading, has generated an annualized return of 20.71% for Securitize. Cash basis trading has become a common trading strategy in the cryptocurrency industry, widely adopted by protocols such as Ethena and SuperState, as well as traders looking for arbitrage opportunities between spot and futures prices. A typical cryptocurrency basis trading involves buying an asset in the spot market while shorting the same asset in the futures market. This allows investors to profit from the narrowing of the spread (known as the basis) between spot and futures prices, as prices tend to converge at the expiration of the futures contract. The press release noted that Securitize previously used stablecoins as collateral for its six-month BTC basis trading, with an APR of approximately 11.26%.
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Securitize tăng tỷ suất lợi nhuận giao dịch tiền mặt BTC lên 20.71% bằng cách sử dụng quỹ BUIDL của BlackRock làm tài sản đảm bảo.
The Securitize Credit has partnered with QCP, a digital asset trading company, to incorporate BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL) into Securitize’s yield generation strategy. According to a press release published on Thursday, the collaboration involves Securitize Credit using BUIDL, a digital asset fund that is encrypted, as collateral for basis trading with QCP. This is the first derivative trading supported by BlackRock’s on-chain fund as collateral. This BTC-based basis trading, also known as cash basis trading, has generated an annualized return of 20.71% for Securitize. Cash basis trading has become a common trading strategy in the cryptocurrency industry, widely adopted by protocols such as Ethena and SuperState, as well as traders looking for arbitrage opportunities between spot and futures prices. A typical cryptocurrency basis trading involves buying an asset in the spot market while shorting the same asset in the futures market. This allows investors to profit from the narrowing of the spread (known as the basis) between spot and futures prices, as prices tend to converge at the expiration of the futures contract. The press release noted that Securitize previously used stablecoins as collateral for its six-month BTC basis trading, with an APR of approximately 11.26%.