
Flux FRAX FFRAX
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DeFi
Status
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.
Trending Coins and Tokens 
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