Flux Finance
Flux Finance is a decentralized lending protocol built by the Ondo Finance team
- Category
- DeFi & Yield
About Flux Finance
Flux Finance is a decentralized peer-to-pool lending protocol developed by the Ondo Finance team. It functions as a fork of Compound v2, adapted to support both permissionless stablecoins and permissioned tokenized real-world assets.
The protocol enables users to lend and borrow stablecoins using tokenized US Treasuries as collateral. Flux Finance is governed by the Ondo DAO.
Key features
- The protocol provides a peer-to-pool lending model for supplying and borrowing stablecoins.
- It supports both permissionless tokens and permissioned assets, enforcing restrictions on a per-asset basis.
- Lenders receive fStables representing their deposited stablecoins and accrued interest.
- It accepts Ondo Finance's tokenized US Treasury (OUSG) as collateral.
What it is used for
- Supply stablecoins to the protocol to accumulate yield.
- Borrow stablecoins by locking eligible tokenized collateral into the platform.
- Transfer received fStables to utilize them across other DeFi protocols.
- Participate in guiding the future direction of the protocol through Ondo DAO governance.
What it does
Who it is for
Kind of tool
- Exchange
Platforms
- Web
Things to know
- Borrowers using permissioned assets like OUSG as collateral must meet specific eligibility permissions.
- The protocol can be accessed using wallets such as MetaMask, Coinbase Wallet, Fireblocks, Ledger, and Gnosis Safe.
Links
Verification and freshness
- Not verified yet.
- Last updated on November 8, 2026.
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