Odaily Planet Daily News: BlackRock's nearly $3 billion tokenized Treasury bond fund BUIDL has completed the "first direct DeFi protocol integration" and connected to the Euler protocol on Avalanche. The integration is based on the sToken framework developed by Securitize, enabling BUIDL-like token products to be further expanded on-chain. sBUIDL is a composable ERC-20 token that is fully redeemable for the BUIDL fund. Developed by Re7 Labs, this integration allows users to borrow USDC or AUSD with sBUIDL as collateral and earn AVAX rewards and the underlying returns of the BUIDL fund. Euler said: "It converts BUIDL into a composable ERC-20, achieving on-chain practicality without affecting convertibility."