According to Gate.io News bot, TheBlock reports that BlackRock's nearly $3 billion sBUIDL tokenized treasury bond fund has completed its first direct DeFi integration with the Euler protocol on the Avalanche network. This integration is based on the sToken framework developed by Securitize and implemented by Re7 Labs.
Through this integration, the sBUIDL Token gains on-chain collateral and lending functionality. When users use sBUIDL as collateral, they can both borrow USDC or AUSD and receive AVAX rewards, while also earning basic income from the BUIDL fund.
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BlackRock's $3 billion government bond fund achieves its first DeFi integration.
According to Gate.io News bot, TheBlock reports that BlackRock's nearly $3 billion sBUIDL tokenized treasury bond fund has completed its first direct DeFi integration with the Euler protocol on the Avalanche network. This integration is based on the sToken framework developed by Securitize and implemented by Re7 Labs.
Through this integration, the sBUIDL Token gains on-chain collateral and lending functionality. When users use sBUIDL as collateral, they can both borrow USDC or AUSD and receive AVAX rewards, while also earning basic income from the BUIDL fund.