Ondo’s USDY yieldcoin is now live on Arbitrum, offering 5.35% APY for non-US investors. USDY integrated with Camelot and Dolomite for trading, lending, and yield generation. USDY represents 17% of Arbitrum DAO’s treasury, boosting RWA adoption on-chain. Ondo Finance has launched its market-leading permissionless yieldcoin, USDY, on the Arbitrum blockchain, marking a significant expansion of […]The post Ondo Finance launches its permissionless yieldcoin USDY on Arbitrum appeared first on CoinJournal.

Ondo Finance launches its permissionless yieldcoin USDY on Arbitrum

  • Ondos USDY yieldcoin is now live on Arbitrum, offering 5.35% APY for non-US investors.
  • USDY integrated with Camelot and Dolomite for trading, lending, and yield generation.
  • USDY represents 17% of Arbitrum DAOs treasury, boosting RWA adoption on-chain.

Ondo Finance has launched its market-leading permissionless yieldcoin, USDY, on the Arbitrum blockchain, marking a significant expansion of real-world assets (RWAs) within the decentralized finance (DeFi) ecosystem.

USDY, a tokenized US Treasuries product, is now accessible on Arbitrum, one of the largest and most vibrant DeFi platforms, further cementing Ondos role in bridging traditional finance with blockchain technology.

USDY now integrated into key Arbitrum DeFi protocols

USDY offers a compelling 5.35% annual percentage yield (APY) and is specifically designed for non-US individual and institutional investors. It provides the stability of a dollar-denominated asset, combined with the yield potential of US Treasury Bills.

Following the integration, the USDY is now integrated into key Arbitrum DeFi protocols, including Camelot and Dolomite, enabling users to trade, lend, and earn yields in a secure, decentralized environment.

Arbitrum has quickly risen to prominence as a leading Layer 2 scaling solution for Ethereum, boasting over $15.5 billion in total value locked (TVL) and $4.5 billion in stablecoins. The integration of USDY into this ecosystem follows the Arbitrum DAOs strategic decision to allocate 6 million ARB from its treasury into Ondos yieldcoin, making USDY a substantial 17% of the DAOs total investment. It also comes on the heels of  Arbitrum DAOs approval of a proposal to boost ARB performance and treasury security.

USDY holders on Arbitrum can benefit from trading on Camelot, the platforms largest decentralized exchange, and lending on Dolomite, a major money market protocol. The tokens price is supported by primary and secondary market feeds from Pyth, enhancing its usability across various DeFi applications.

With USDYs launch, Ondo Finance continues to drive the adoption of RWAs on-chain, offering global investors a robust, compliant, and yield-generating asset within Arbitrums rapidly growing DeFi landscape.

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