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AB Kuai Dong
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I looked at the BlackRock BUIDL fund page, participating through the BNB chain exposure, with a minimum asset management fee of only about 0.18%.
On the other hand, the ETH and ARB chain exposures have a management fee of 0.5%.
The benefit is that if the fund on that chain earns 4% through investments in US Treasuries over the year, walking down the BNB chain, after deducting management fees, the earnings can still remain a bit more.
Additionally, the fund's shares can also be used as collateral on Binance. This is equivalent to borrowing assets on top of the earnings layer to generate more returns.
Ultimately forming RWA version DeFi Lego:
US Treasuries + BlackRock + BNB + Binance.
If the on-chain market returns again, this channel should see a good number of institutions participating. $BNB
On the other hand, the ETH and ARB chain exposures have a management fee of 0.5%.
The benefit is that if the fund on that chain earns 4% through investments in US Treasuries over the year, walking down the BNB chain, after deducting management fees, the earnings can still remain a bit more.
Additionally, the fund's shares can also be used as collateral on Binance. This is equivalent to borrowing assets on top of the earnings layer to generate more returns.
Ultimately forming RWA version DeFi Lego:
US Treasuries + BlackRock + BNB + Binance.
If the on-chain market returns again, this channel should see a good number of institutions participating. $BNB
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