What is Flux Finance? Flux Finance is a decentralized lending platform built and developed on the Ethereum ecosystem. Although there is not much difference from the popular Lending & Borrowing platforms in the crypto market, FLux Finance is part of the ecosystem of Ondo Finance – a project in the Structure Finance segment.
So what is Flux Finance and what’s so special? Everyone, let’s find out in this article!
What is Flux Finance?
Flux Finance is a decentralized lending protocol built by the Ondo Finance team. Flux Finance possesses a number of characteristics of lending platforms including:
- Lenders can earn interest on their stablecoins by depositing their stablecoins into the Flux Finance protocol.
- Borrowers can borrow stablecoins against collateral deposited into Flux Finance
- Flux Finance operates under the P2Pool model similar to AAVE, Compound,…
- Flux Finance is managed by Ondo DAO
Similar to Compound, Flux Finance also builds an fToken model, which means that whenever a user deposits money into the protocol for lending or collateral, they will also receive an fToken representing that asset.
Profits from the protocol will not be distributed to users instead the fToken exchange rate fluctuates and users can stake more assets over time as interest is earned. At the time of writing, Ondo Finance is focusing on stablecoins including USDC, DAI and OUSG.
Development Roadmap
Update
Core Team
Nathan Allman: Founder & CEO
- Nathan first earned a Bachelor of Arts in Economics from Brown University. After that, Nathan continued to earn a Master of Business Administration (MBA) at Stanford University.
- After graduating, Nathan became a partner for relatively famous investment funds such as Prospect Capital Management and ChainStreet Capital over a period of 3 years.
- After that, Nathan really entered Wall Street when he took on Digital Asset Management at Goldman Sachs bank.
- After more than 2 years working with Goldman Sachs, Nathan decided to leave this group and start building Ondo Finance from February 2021.
Gabriel Bianconi: Chief Product Office
Gabriel spent 5 years at Stanford University and successfully earned 2 Bachelor’s and Master’s degrees in the same field, Computer Science.
After graduating, Gabriel immediately started a business with Scalar Research – a consulting company on data science and artificial intelligence.
After nearly 3 years with Scalar Research, Gabriel joined Ondo Finance in November 2021, about 9 months after Natha founded this project.
Romain Bourgois: Senior Product Manager
- Roman studied Management and Business at many different institutions such as Shanghai University of Finance and Economics or Audencia.
- Romain has spent a lot of time as a developer on the Web2 platform working at places such as Altran CIS, The Manitowoc Company, Delasource, Quatsuo.
- After that, Romain spent 8 years working and rose to high positions at Criteo – a global advertising company where Romain rose to Senior Product Manager.
- After quitting his job at Criteo, Romain first joined Ondo Finance as well as the crypto market with the same position as at Criteo starting from March 2022.
Tokenomics
Ondo will be the governance token of Flux Finance
Overview information about Ondo Finance Token
- Token Name: Ondo Finance
- Ticker: ONDO
- Blockchain: Ethereum
- Standard: ERC-20
- Contract: 0xfaba6f8e4a5e8ab82f62fe7c39859fa577269be3
- Maximum supply: 10,000,000,000
Token Allocation and Release
- Coinlist Tranche 1 – 4%: Lock for 1 year and pay in installments over 18 months.
- Coinlist Tranche 2 – 1%: Lock for 1 year and pay in 6 months.
- Seed – 3%: Lock for 1 year and pay in installments over 24 months.
- Series A – 10%: Lock for 1 year and pay in installments over 24 months.
- DAO – 82%: Issuance will depend on DAO.
Exchanges
ONDO token does not support trading yet.
Ondo Finance’s Information Channel
- Website: https://fluxfinance.com/
- Twitter: https://twitter.com/FluxDeFi
- Github:
Summary
It can be said that Ondo Finance continues to expand its ecosystem after succeeding with the Structure Finance product, the Lending pie is the next piece of pie that Ondo Finance is aiming for.
