BlackRock's sBUIDL launches the "first direct Decentralized Finance protocol integration" on Avalanche with Euler.
BlackRock's $3 billion tokenized treasury bond fund BUIDL collaborates with the Euler protocol on Avalanche to expand DeFi applications on-chain through the sToken framework. Users can collateralize sBUIDL on Euler to borrow USDC or AUSD, earning AVAX rewards and fund returns. BUIDL is the largest treasury bond fund in the world, holding $3 billion in short-term treasury bonds.
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