BlackRock's BUIDL Fund completes its first integration with a DeFi protocol, connecting to the Avalanche on-chain lending platform Euler.

GateUser-6433627c · 2025-05-15T22:23:48+00:00

The BlackRock BUIDL fund has completed its first DeFi protocol integration through Securitize's sToken framework, connecting to Avalanche's Euler protocol. This allows BUIDL-type token products to expand on-chain, enabling users to collateralize sBUIDL to borrow USDC or AUSD, earning AVAX rewards and underlying returns from the BUIDL fund. The integration allows BUIDL to be converted into composable ERC-20 tokens, achieving on-chain usability. [Summary length: 84]

GateUser-6433627c

2025-05-15 22:23:48

Abstract generation in progress

[BlackRock BUIDL Fund Completes First DeFi Protocol Integration, Connecting to Avalanche On-Chain Lending Platform Euler] BlackRock’s nearly $3 billion tokenized treasury fund BUIDL has completed its “first direct DeFi protocol integration,” connecting to the Euler protocol on Avalanche. This integration is based on the sToken framework developed by Securitize, allowing BUIDL-class token products to further expand on-chain. sBUIDL is a composable ERC-20 token that can be fully redeemed for the BUIDL fund. This integration, developed by Re7 Labs, allows users to use sBUIDL as collateral to borrow USDC or AUSD, earning AVAX rewards and the underlying returns of the BUIDL fund. Euler stated: “It transforms BUIDL into a composable ERC-20, achieving on-chain utility without affecting convertibility.”

DEFI-1,46%

AVAX1,69%

EUL3,59%

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