#How has BounceBit Prime performed in recent months?
BounceBit Prime has shown remarkable growth, surpassing $1.5 billion in cumulative trading volume. This achievement underscores its integration of tokenized real-world assets, particularly the significant impact of Franklin Templeton's Benji token. As a tokenized share of the OnChain US Government Money Fund, Benji serves not only as an investment vehicle but also as collateral for BounceBit Prime's strategies deployed on the BNB Chain.
Franklin Templeton, a leading asset manager with around $1.6 trillion in total assets under management, has actively supported this initiative. The firm recently issued an additional $1 million in Benji tokens, enhancing the collateralized trading aspect of the BounceBit ecosystem and showcasing a commitment to driving innovation in structured yield products.
#What are the benefits of using Benji tokens?
Benji tokens provide several advantages within BounceBit Prime's structure. They incorporate effective collateral mechanisms that make capital efficient strategies viable for users on the BNB Chain. This aligns well with the product's aim of offering structured yields that capitalize on both traditional and digital assets.
Since its inception, BounceBit Prime has effectively attracted over $10 million in total value locked, with its Benji Vault generating a noteworthy annual percentage yield of 13.31% from both base yields and structured strategies. This high yield highlights the product's potential for investors seeking robust returns through innovative financial instruments.