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Flux Finance

Flux Finance

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Category: Decentralised Borrowing & Lending
TVL: $5.1M

Ondo Finance

Ondo is building the foundation for the future of finance. They offer institutional-grade cash management, allowing users to earn yield backed by short-term US Treasuries. Their Ondo Global Markets platform brings traditional public securities onchain, while the Ondo Chain is a public, proof-of-stake Layer 1 blockchain designed for institutional-grade real-world assets. Ondo aims to bridge traditional and decentralized finance by making institutional-grade financial products and services accessible to everyone.
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Funding Rounds

Funding Round: Public token sale
Funding Date: 7 Jul, 2022
Raised Amount: $10M
Funding Round: Series A
Funding Date: 27 Apr, 2022
Raised Amount: $20M

Flux Finance

The only collateral accepted at Flux is OUSG, a tokenized US Treasury from Ondo Finance. OUSG currently invests largely in the tokenized BlackRock USD Institutional Digital Liquidity Fund (BUIDL), with the remainder in BlackRock's FedFund (TFDXX), bank deposits, and stablecoins. Flux is a fork of Compound v2, which has been around since 2019 and audited by industry leaders. Changes to the Compound open source codebase relate only to permissioning and have been audited bycode4rena code4rena.
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