BlackRock's $3 billion government bond fund achieves its first DeFi integration.
According to Gate.io News bot, TheBlock reports that BlackRock's nearly $3 billion sBUIDL tokenization government bond fund has completed its first direct DeFi integration with the Euler protocol on the Avalanche network. This integration is based on the sToken framework developed by Securitize and implemented by Re7 Labs.
Through this integration, sBUIDL Token gains on-chain collateral and lending functionalities. Users can borrow USDC or AUSD and earn AVAX rewards while using sBUIDL as collateral, and simultaneously receive the basic yield from the BUIDL fund.