Decentralized Lending Protocol Flux Finance Launches, Looks to Support Tokenized US Treasuries from Ondo Finance
ROAD TOWN, British Virgin Islands, Jan. 12, 2023 /PRNewswire/ -- Flux Finance ( https://fluxfinance.com/ ) is releasing a decentralized lending protocol that can support both permissionless cryptoassets as well as tokenized securities with transfer restrictions.
- ROAD TOWN, British Virgin Islands, Jan. 12, 2023 /PRNewswire/ -- Flux Finance ( https://fluxfinance.com/ ) is releasing a decentralized lending protocol that can support both permissionless cryptoassets as well as tokenized securities with transfer restrictions.
- Flux Finance follows a peer-to-pool model and is designed to always quote a lend and borrow rate, ensuring constant liquidity.
- Ondo Finance also developed the ONDO tokens, which will be used to govern Flux Finance.
- One pending proposal includes support for the stablecoins USDC and DAI, as well as for OUSG, a tokenized exposure to U.S. Treasuries recently launched by Ondo Finance .