After the launch of Ondo Finance’s US Treasury Backed Government Bond Funds (OUSG), Flux Finance is launching a new project. He decides to bring the yield of US Treasuries to investors around the world. The platform has effectively launched a loan token secured by US Treasury debt.
DeFi Finance Flow in a nutshell
It is a decentralized finance (DeFi) platform. It offers different decentralized services, like lending, borrowing, and trading. Initially developed by Ondo Finance, it becomes a standalone protocol with updates regulated by $ONDO holders via Ondo DAO.
As for Ondo Finance, it is a decentralized investment banking protocol. He is behind a token fund that allows stablecoin holders to invest in US Treasury bonds or bonds.
After the launch of this US Treasury-backed government bond fund from Ondo Finance, Flux Finance set up the famous decentralized lending protocol. THE project was officially presented on February 8.
A loan token backed by US Treasury debt
The Decentralized Lending Protocol spear by Flux Finance allows users to:
- deposit USD Coin or DAI into the protocol;
- receive fUSDC or fDAI.
These are two derivative tokens that represent USD Coin and DAI on Flux Finance. Users can use it as collateral in lending and derivatives protocols.
In short, this new protocol proposed by Flux Finance allows lenders to provide stablecoins (USDC or DAI). The goal: to gain performance. It also gives borrowers the option of pledging symbolic treasury bonds.
This new Flux Finance project allows any investor from around the world to access US Treasury bonds. Which fulfills Flux’s main purpose: to connect the on-chain and off-chain worlds by supporting permissionless assets (stablecoin) and permissioned assets (tokenized securities).
Receive a digest of news in the world of cryptocurrencies by subscribing to our new service of daily and weekly so you don’t miss any of the essential Tremplin.io!
