The UXD Protocol invested 5 million USDC into Flux to earn interest for repurchasing UXP tokens

ChainCatcher news, the decentralized stablecoin protocol UXD Protocol stated on Twitter that it has deposited 5 million USDC from its treasury into Flux Finance to earn interest, and the earnings will be used to buy back UXP tokens.

It is reported that [Flux Finance](https://www.rootdata.com/zh/Projects/detail/Flux Finance?k=Njc5OA==) allows lenders to provide stablecoins (USDC and DAI) to earn yields by supporting permissionless assets like stablecoins and permissioned assets like tokenized securities, while borrowers can use tokenized government bonds as collateral. Flux was initially developed by [Ondo Finance](https://www.rootdata.com/zh/Projects/detail/Ondo Finance?k=MzEyOQ==). (Source link)