Blackrock’s Tokenized Geldmarktfonds, Buidl, has officially added to the decentralized financing sector.
In a post of 15 May on X, Euler Labs confirmed that Sbuidl, a token with 1: 1 by BlackRock’s buzzl and published by Securitize, is now live on the Euler protocol. This marks the first direct integration of Sbuidl with Defi. The integration was compiled by RE7 Labs and is live on Avalanche (Avax). Users can now use Sbuidl as collateral to borrow USD Coin (USDC) or AUSD, while they also earn Avax stimulas.
Euler, often described as a “lending super -app”, gives institutions the tools to launch adapted credit markets with full control over parameters such as colland requirements, liquidation settings and access authorizations.
With Euler’s modular architecture, builders can combine different components to make new credit products, in contrast to traditional Defi protocols that adhere to fixed models. Allowed markets, synthetic activa structures and loans in the fixed term are all supported by this flexibility.
Since the launch, Euler has drawn deposits of a total of more than $ 900 million. The power of the platform is the ability to support complex credit strategies, although yield is still an important product drawing for users. Due to the design, various safes can seamlessly communicate with the help of the ERC4626 -Standard and Ethereum Vault -Connector, creating a very liquid network.
BlackRock’s Buidl Fund was launched in March 2024 and was quickly expanded to $ 2.8 billion in assets, according to RWA.XYZ facts. The fund makes investments in American treasury accounts, cash and repos to maintain a steady $ 1 per token and to pay dividends every day. It now includes various block chains, including Ethereum (ETH), Solana (SOL) and Arbitrum (ARB).
Despite its size, the holder base of Buidl Klein remains, with only 73 portfolios as of recent data. But the accession to Defi points to a growing movement to connect apps on chains with traditional finances. The Sbuidl integration pushes Defi to a larger institutional acceptance by bringing Real-World assets into loans and offering a new use case for assets supported by BlackRock in decentralized markets.
