Fosun-backed FinChain brings leveraged Treasury yield to Plume
@FinChain_EN, a crypto finance firm incubated by Fosun Wealth Holdings, has launched FLEX & FINO with
@plumenetwork, the chain behind $PLUME. Users deposit FinChain’s FUSD as collateral and borrow USDC against it, which can be put into liquidity pools for extra yield.
FinChain expects yearly returns of up to 7.2% under baseline assumptions, and caps borrowing at 90% of each pool to limit leverage risk. The product is the partnership's first release, and its TVL will appear under Plume’s Nest Protocol.