Flux Finance, a decentralized lending project, has announced that it has launched the Ethereum mainnet, aiming to provide users with exposure to US Treasury yields. Flux supports permissionless assets such as stablecoins as well as permissioned assets such as tokenized securities.
Currently, lenders can provide stablecoins (USDC and DAI) to earn income, while borrowers can pledge Tokenized government bonds as collateral.
The Tokenized treasury bonds backed by Flux at the time of issuance are in the form of OUSG, which invests exclusively in BlackRock’s iShares short-term treasury bond ETF (SHV). Lenders offering USDC will receive freely transferable fUSDC.