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Flux USDC (FUSDC)
Flux USDC (FUSDC)
0.02101636
Rank # 500+ Watchlist
Low High
24H Range
Market Cap
24 Hour Trading Vol
Fully Diluted Valuation 906.03 B
Circulating 0.00
Total Supply 0.00
Max Supply 0.00
  • Ethereum ethereum-0x465a5a630482f3abd6d3b84b39b29b07214d19e5
  Week Month Year All Time
High

21-May-2024

0.02101636
0.00%

21-May-2024

0.02101636
0.00%

21-May-2024

0.02101636
0.00%

20-Apr-2024

₹5,730,800.59
-0.20%
Low

30-Nov--0001

--
0.00%

30-Nov--0001

--
0.00%

30-Nov--0001

--
0.00%

20-Apr-2024

₹5,628.29
0.21%

Flux USDC News (Fusdc News)

 
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Flux USDC Chart (Fusdc Chart)

Flux USDC Price USD (Fusdc Price USD)

Sr. Exchange Pair Price Spread Volume Volume% Confidence Last Traded Trust Score
Flux USDC Price History (Fusdc Price History)
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Flux USDC (FUSDC) Social Media
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Comments
Flux USDC Price Today (Fusdc Price Today)
What is fUSDC? Each asset supported by the Flux Finance Protocol is integrated through a fToken contract, which is a representation of balances supplied to the protocol. fTokens, such as fUSDC, are a fork of Compound V2's cTokens, with additional functionality to support permissioned assets. What Makes fUSDC Unique? fUSDC is minted when users deposit USDC on Flux Finance. By doing so, the user's USDC will become available to borrowers, and the user will earn the USDC supply rate. fUSDC increases in value relative to the underlying USDC, meaning users can redeem more assets over time as interest is earned. The interest rate earned by lenders fluctuates and depends on the market's utilization (i.e. the percentage of deposited assets that have been borrowed). History of fUSDC In January 2023, Flux was announced as a decentralized lending protocol that can support permissionless cryptoassets alongside permissioned tokens. The protocol was initially developed by Ondo Finance, a software development firm in DeFi, before being sold to Flux Finance. Flux is governed by the Ondo DAO, in which ONDO holders vote to upgrade its code and alter its risk parameters. In February 2023, the protocol was initialized and its supported assets and parameters were selected in a genesis vote. fUSDC was among the first assets to be selected, alongside fDAI and fOUSG. Markets for these assets opened shortly after. What can fUSDC be Used For? By minting fUSDC, users earn interest and gain the ability to use fUSDC as collateral. fUSDC can be transferred to effect change in ownership. Transferring fUSDC means transferring your balance of the underlying USDC inside the Flux Finance protocol. Transfers that would result in negative account liquidity for borrowers on Flux Finance will fail. What’s Next for fUSDC? As a permissionless yielding asset, fUSDC can in turn be used as collateral at other lending protocols, and offers an alternative settlement option between parties.
Frequently Asked Questions (Crypto FAQs)
The current price of Flux USDC (FUSDC) is USD 0.02101636
24 Hours, High Price of Flux USDC (FUSDC) is USD 0 and Low price of Flux USDC (FUSDC) is USD 0
The total supply of Flux USDC (FUSDC) is and Circulating supply of Flux USDC (FUSDC) is 0.00
The trading volume of Flux USDC (FUSDC) is In the last 24 hours
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