According to The Block, Foresight News reports that BlackRock's tokenized government bond fund BUIDL, valued at nearly $3 billion, announced its first direct DeFi protocol integration through integration with Euler on Avalanche. This integration is supported by Securitize's sToken framework, with sBUIDL as a composable ERC-20 Token that can be fully exchanged for BUIDL. Users can use sBUIDL as collateral on Euler, earning AVAX rewards and BUIDL base income when borrowing USDC or AUSD.
BlackRock’s sBUIDL achieves first DeFi protocol integration with Euler on Avalanche
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