BounceBit launches Borobudur with 0% credit against Franklin Templeton’s BENJI

BounceBit has launched Borobudur, introducing a new way for users to borrow against yield-generating tokenized assets without giving up their underlying positions, according to a Tuesday statement.

https://twitter.com/bouncebit/status/2089898211934896471?s=20

Through the new framework, Franklin Templeton’s BENJI positions and certain CeDeFi strategies can continue generating yield while providing access to 0% interest BB Credit.

Under the BB Credit model, users activate credit against a productive position while that position continues generating returns. The position remains locked while credit is active and becomes available again after repayment. BounceBit said the system is built around three features: no price impact, no liquidations and the freedom to unlock positions.

The launch brings institutionally managed, tokenized money market fund exposure directly into onchain credit infrastructure through BounceBit Prime. BounceBit said it plans to expand the model to additional yield-bearing crypto assets and tokenized fund positions, with BB Credit also expected to become available on BB Perps.