Drift Protocol and ONDO Finance reach in-depth cooperation to promote the integration of RWA into Solana DeFi

Odaily News Drift Protocol announced that it has reached an in-depth cooperation with ONDO Finance to promote the integration of RWA into Solana DeFi, and integrate assets such as RWA as collateral on the perpetual contract platform. Currently, Drift Protocol has allowed USDY as a collateral asset for its traders, which will improve the utilization efficiency of assets. Traders can hold USDY to execute transactions while also earning other income. Drift co-founder Cindy Leow added that the cooperation with Ondo Finance can add more practicality to tokenized real-world assets and improve the capital efficiency of traders. Drift Protocol and ONDO Finance are expanding the scope of cooperation to bring more real-world assets to the chain.