Oku, a decentralized finance (DeFi) aggregator, has launched a new lending service using xU3O8, a tokenized representation of physical uranium, as collateral. This initiative, powered by Morpho, allows holders of xU3O8 to secure DeFi loans while retaining ownership of the underlying uranium stored at Cameco facilities. The move signifies a major advancement in incorporating real-world assets into the DeFi ecosystem, providing uranium investors with liquidity options and expanding DeFi capabilities on Etherlink, the EVM-compatible layer for Tezos.
Oku Introduces xU3O8-Based Lending on Morpho-Powered DeFi Platform
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