Decentralized Lending Project Flux Finance Launches on Ethereum

Flux Finance, a decentralized lending project, has announced its launch on Ethereum, aiming to provide users with exposure to U.S. Treasury yields. Flux bridges the on-chain and off-chain worlds by supporting permissionless assets like stablecoins and permissioned assets like tokenized securities. Currently, lenders can offer stablecoins (USDC and DAI) to earn yield, while borrowers can stake tokenized treasury bonds as collateral. The tokenized treasury bonds supported by Flux at the time of its release are in the form of OUSG (Ondo Short-Term U.S. Government Bond Fund), which invests exclusively in BlackRock's iShares short-term treasury bond ETF (SHV). Lenders offering USDC will receive freely transferable fUSDC. Originally developed by Ondo Finance, Flux is now an autonomous protocol with upgrades managed by ONDO holders through the Ondo DAO. the