Flux Finance seeks to support tokenized US Treasury securities.
ROAD TOWN, British Virgin Islands, Jan. 12, 2023.
A decentralized lending protocol is being made available by Flux Finance, which can support both permissionless cryptoassets and tokenized securities with transfer limitations. Learn more by visiting their website here.
A peer-to-pool model is used by Flux Finance, which is made to always quote a lend and borrow rate to guarantee constant liquidity.
On-chain yields are now quite low across Compound, Aave, and Curve, at just 2% annually, while U.S. Treasury yields are anticipated to reach 5% in the near future. Flux is launching at this time. Flux and other protocols that interface with tokenized securities may be able to close that gap if they are successful.
Ondo Finance, a US-based software development and asset management company, created Flux. The ONDO tokens, which will be used to control Flux Finance, were also created by Ondo Finance.
Read more about Ondo Finance here.