Awesome! BlackRock is actually getting involved with the Avalanche chain! What vision!
The BlackRock BUIDL fund has completed its first DeFi protocol integration, connecting to the Avalanche-based lending platform Euler.
BlackRock's nearly $3 billion tokenized treasury fund BUIDL has completed its 'first direct DeFi protocol integration,' connecting to the Euler protocol on Avalanche. This integration is based on the sToken framework developed by Securitize, allowing BUIDL-like token products to further expand on-chain. sBUIDL is a composable ERC-20 token that can be fully redeemed for the BUIDL fund. This integration was developed by Re7 Labs, allowing users to borrow USDC or AUSD using sBUIDL as collateral and earn AVAX rewards along with the underlying returns of the BUIDL fund. Euler stated: 'It transforms BUIDL into a composable ERC-20, achieving on-chain utility without affecting its redeemability.'
It seems that AVAX is not that bad after all, it is still favored by big capital. It's understandable; the Avalanche chain has been steadily building, and although there haven't been any major wealth events, it has always been safe and sound, without any scandals! When I withdraw coins from exchanges, I first use BSC, and second is the AVAX-C chain, the transaction fees are cheap, and it's stable and fast! With BlackRock's backing this time, I feel that AVAX is very likely to have great prospects! Come on, let's send out some red envelopes to cheer up our friends holding AVAX!
As long as everyone leaves a comment saying 'Avalanche Rising' in the comment section, you can receive a lucky BNB red envelope! 3000 red envelopes, guaranteed for everyone! Let's get hyped together! #红包 $AVAX