The income-type national debt stablecoin USDY of Ondo Finance is now online on NAVI Protocol

2024-10-17 02:48:46

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According to official sources on October 17th, RWA protocol Ondo Finance’s revenue-based government bond Stable Coin USDY has now been launched on the Sui ecosystem’s one-stop Liquidity protocol NAVI Protocol. Providing Liquidity for USDY will provide users with opportunities to earn income from multiple sources, including revenue and lending Interest from USDY. Using USDY as collateral for borrowing can allow users to increase capital efficiency while retaining the native revenue of USDY. Borrowing USDY on NAVI provides users with the opportunity to introduce the asset into the complex Sui Decentralized Finance ecosystem and leverage the advantages of other platforms that support the asset.

ONDO-1.19%

SUI-2.83%

DEFI-4.36%

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