On May 9th, the decentralized stablecoin protocol UXD Protocol stated on Twitter that 5 million USDC from the treasury have been put into Flux Finance to earn interest, and the proceeds will be used to buy back UXP tokens. It is reported that Flux Finance supports unlicensed assets such as stablecoins and licensed assets such as tokenized securities. Lenders can provide stablecoins (USDC and DAI) to earn income, while borrowers can mortgage tokenized treasury bonds as collateral. Flux was originally developed by Ondo Finance.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.