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Flux USDC Price

FUSDC
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Flux USDC(FUSDC) Price Live Chart

Flux USDC(FUSDC) Price Today

Flux USDC(FUSDC) price today is $0.02101, with a 24-hour trading volume of $34.85 and as such Flux USDC(FUSDC) has a market cap of --, giving it a market dominance of 0.00015%. The Flux USDC(FUSDC) price moved +0.082% in the last 24 hours.

FUSDC Price Data

  • 24H Volume$34.85
  • All-Time High(ATH)$0.02105
  • 24h High$0.02103
  • All-Time Low(ATL)$0.02097
  • 24h Low$0.02097

FUSDC Market Cap Infos

  • Fully Diluted Valuation$5.4M
  • Market SentimentNeutral

FUSDC Supply

  • Total Supply257.41M FUSDC
  • Max Supply257.41M FUSDC

About Flux USDC (FUSDC)

Contract

0x465a5a6...7214d19e5

Explorers

Website

fluxfinance.com

Community

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.

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