Ondo Finance has announced the launch of $USDY, a market-leading permissionless yieldcoin, on the Aptos blockchain. This integration allows participants in the Aptos ecosystem to seamlessly acquire $USDY, the first tokenized US Treasuries asset on Aptos, and use it across various DeFi applications.
Supported by major protocols in the ecosystem, including Aries Markets, Thala Labs, and Pontem Network’s LiquidSwap, as well as popular Aptos wallets like Petra Wallet and Pontem Wallet, $USDY offers unique advantages:
High Performance: Aptos is a blockchain built for finance, providing a scalable, secure, and user-friendly environment.
Significant Yield: $USDY offers a 5.3% APY, appealing to global (non-US) individual and institutional investors.
Substantial TVL: With over $300 million in Total Value Locked (TVL) across multiple blockchains, $USDY brings significant liquidity to the Aptos ecosystem.
Use Cases and Benefits
$USDY will enhance various financial activities within the Aptos ecosystem:
Liquidity Pools: Providing a natively yielding asset for trading pairs.
Money Markets: Serving as collateral for borrowing and lending activities.
Debt and Derivatives: Used as collateral for Collateralized Debt Positions and derivatives.
This launch provides Aptos users with access to a reliable and secure digital asset backed by US Treasuries, offering a hedge against volatility with a dependable yield.
Statements from Leaders
Nathan Allman, Founder & CEO of Ondo Finance, said: “Launching USDY on Aptos fits our strategic mission of bringing a first-of-its-kind yieldcoin to a high-performance blockchain that’s built for finance. We’re excited to pave the way for users and developers to expand what’s possible in DeFi on Aptos using our trusted, yield-bearing asset.”
Jerome Ong, APAC Ecosystems Lead at Aptos Foundation, added: “This launch showcases Ondo’s peerless innovation and the introduction of USDY as an institutional-grade asset solidifies Aptos as the premier platform for high-performance DeFi. Millions of dollars in trustworthy, secure, and treasuries-backed liquidity is now immediately available to builders and users across the world’s top Move-powered ecosystem.”
For more details, visit the Ondo Finance blogpost: https://blog.ondo.finance/usdy-goes-live-on-aptos/
Note: USDY is not available in the US or to US persons and is subject to various restrictions. Acquiring USDY involves substantial risks, including potential total loss of funding. For more information, visit ondo.finance/usdy.
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