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Flux FRAX

Flux FRAX FFRAX 

33 Watchlists

DeFi

Status

General Info

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# Token

Description

Flux Finance is a decentralized lending protocol built by the Ondo Finance team

What is Flux FRAX?

Flux Finance is a decentralized lending protocol built by the Ondo Finance team. The protocol is a fork of Compound V2 with additional functionality to support both permissionless (e.g. USDC) and permissioned (e.g. OUSG) tokens. Permissions are enforced on a per-asset basis. For example, a USDC lender won't have any restrictions, but a USDC borrower using OUSG as collateral will need to satisfy OUSG's permissions. Similar to Compound, Flux enables overcollateralized lending and borrowing in a peer-to-pool (p2pool) model.

A user can deposit assets into Flux to mint fTokens, ERC-20 tokens representing balances on the protocol. Some deposited assets are lendable by the protocol, and earn the user interest in return. For example, a user can deposit USDC into Flux to mint fUSDC. By doing so, the user's USDC will become available to borrowers, and the user will earn the USDC supply rate.

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