{"id":36755,"date":"2024-08-27T15:58:35","date_gmt":"2024-08-27T15:58:35","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/ondo-finance-launches-its-permissionless-yieldcoin-usdy-on-arbitrum\/"},"modified":"2024-08-27T15:58:35","modified_gmt":"2024-08-27T15:58:35","slug":"ondo-finance-launches-its-permissionless-yieldcoin-usdy-on-arbitrum","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/ondo-finance-launches-its-permissionless-yieldcoin-usdy-on-arbitrum\/","title":{"rendered":"Ondo Finance launches its permissionless yieldcoin USDY on Arbitrum"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/08\/Ondo-Finances-USDY-now-live-on-Arbitrum-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/08\/Ondo-Finances-USDY-now-live-on-Arbitrum-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/08\/Ondo-Finances-USDY-now-live-on-Arbitrum-smartcrop-750x375.png\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/08\/Ondo-Finances-USDY-now-live-on-Arbitrum-smartcrop-363x181.png\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li>Ondo\u2019s USDY yieldcoin is now live on Arbitrum, offering 5.35% APY for non-US investors.<\/li>\n<li>USDY integrated with Camelot and Dolomite for trading, lending, and yield generation.<\/li>\n<li>USDY represents 17% of Arbitrum DAO\u2019s treasury, boosting RWA adoption on-chain.<\/li>\n<\/ul>\n<p>Ondo Finance has <a href=\"https:\/\/x.com\/OndoFinance\/status\/1828419000524775446\">launched<\/a> 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.<\/p>\n<p>USDY, a tokenized US Treasuries product, is now accessible on Arbitrum, one of the largest and most vibrant DeFi platforms, further cementing Ondo\u2019s role in bridging traditional finance with blockchain technology.<\/p>\n<h2>USDY now integrated into key Arbitrum DeFi protocols<\/h2>\n<p>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.<\/p>\n<p>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.<\/p>\n<p>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 DAO\u2019s strategic decision to allocate 6 million ARB from its treasury into Ondo\u2019s yieldcoin, making USDY a substantial 17% of the DAO\u2019s total investment. It also comes on the heels of\u00a0 Arbitrum DAO\u2019s <a href=\"https:\/\/coinjournal.net\/news\/arbitrum-dao-okays-proposal-to-boost-arb-performance-and-treasury-security\/\">approval<\/a> of a proposal to boost ARB performance and treasury security.<\/p>\n<p>USDY holders on Arbitrum can benefit from trading on Camelot, the platform\u2019s largest decentralized exchange, and lending on Dolomite, a major money market protocol. The token\u2019s price is supported by primary and secondary market feeds from Pyth, enhancing its usability across various DeFi applications.<\/p>\n<p>With USDY\u2019s launch, Ondo Finance continues to drive the adoption of RWAs on-chain, offering global investors a robust, compliant, and yield-generating asset within Arbitrum\u2019s rapidly growing DeFi landscape.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/ondo-finance-launches-its-permissionless-yieldcoin-usdy-on-arbitrum\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) Ondo\u2019s 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\u2019s treasury, boosting RWA adoption on-chain. Ondo Finance has launched [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":36756,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/36755"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=36755"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/36755\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/36756"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=36755"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=36755"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=36755"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}