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Flux Finance Launches Lending Token Collateralized by U.S. Treasury Debt

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.flux_finance has launched a lending token collateralized by U.S. Treasury debt. thesamreynolds reports.

that allows users to deposit USDC or DAI into Flux’s protocol, which is backed by OUSG, and, in turn, receive fUSDC or fDAI, two derivative tokens representing the USDC and DAI on Flux.

Flux is a fork of the popular lending and borrowing protocol Compound, which holds billions of dollars in locked tokens as of Thursday. Decentralized finance protocols like Flux rely on smart contracts instead of middlemen to provide financial services, such as lending and borrowing, to users. On the other hand, yield farming refers to users getting rewarded with a project's tokens for providing liquidity to that project.

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flux_finance thesamreynolds hey u are wrong tag ! this👉 FluxDeFi

flux_finance thesamreynolds 👋

flux_finance thesamreynolds Wrong Flux mentioned. Correct one is FluxDeFi

flux_finance thesamreynolds how about NO!!!! can you say decentralized....lets do it together...D-E-C-E-N-T-R-A-L-I-Z-E-D....very good...a U.S. 'government' bond is not worth the paper its printed on or the electricity it takes to light the screen on your device...

flux_finance thesamreynolds Oh cool, fedcoin by proxy!

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