Blackrock's BUIDL fund debuts in DeFi with integrations on Euler Finance, bringing innovation and opportunity to the sector.
Blackrock enters the world of DeFi with BUIDL fund
Financial giant Blackrock has officially launched its BUIDL fund in decentralized finance (DeFi), marking a significant step toward mainstream adoption of cryptocurrencies. The first integrations were made on Euler Finance, a platform that recently recovered nearly $1 billion in Total Value Locked (TVL) after a hack in 2023. This development not only highlights the resilience of the platform, but also the growing interest from traditional players such as Blackrock.
The sBUIDL token, an ERC-20 token, is now available to users and allows transactions without authorization. This represents a major change in the way investors can interact with the DeFi markets, offering greater freedom and opportunities for gain. With a greater market share than 40% in the U.S. Treasury tokenized sector, Blackrock is positioned as a key player in this new ecosystem.
How does sBUIDL work?
Users can use sBUIDL as collateral with a maximum Loan-to-Value (LTV) of 92.5%. This means that with $1,000 in sBUIDL, up to $925 can be borrowed. This high leverage offers investors the opportunity to maximize their returns, but it also carries significant risks. It is critical that users understand the dynamics of the DeFi market before engaging in such transactions.
Incentives and earning opportunities
In addition to the ability to borrow, users who provide liquidity on Euler Finance can earn incentives in AVAX tokens. This is an additional incentive to attract investors and liquidity to the platform, helping to stabilize and grow the DeFi ecosystem. With the entry of Blackrock, interest in DeFi is expected to increase further, bringing new capital and innovation to the industry.
What is the future of DeFi with the entry of Blackrock?
The question many are now asking is how will the entry of a giant like Blackrock affect the DeFi landscape? Could this mark the beginning of a new era in which traditional funds fully embrace blockchain and cryptocurrency technologies? Only time will tell, but it is clear that the industry is undergoing a significant transformation. Stay tuned for more updates on this exciting development in the world of decentralized finance.
English 
Italian