Backed Finance's bIb01

Overview

The Backed IB01 $ Treasury Bond 0-1yr, bIb01 , is an ERC20 tracker certificate token issued by Backed Finance. It tracks the price of Blackrock's iShares $ Treasury Bond 0-1yr UCITS ETF.

Purpose

For borrowers to be able to use the funds they borrowed to purchase bIb01 tokens. To be able to have an increased exposure to the current federal funds rate.

For more information on Backed's bIb01 token visit https://assets.backed.fi/products/bib01.