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Ondo Finance’s yield-based government bond stablecoin USDY is now available on NAVI Protocol

2024-10-17 02:58
Odaily News According to official news, Ondo Finance's yield-based treasury bond stablecoin USDY has been launched on Sui's one-stop liquidity protocol NAVI Protocol, providing users with new opportunities to earn income from native tokenized RWA, including: - Income and lending interest from USDY; - Borrowing with USDY as collateral, providing users with higher capital efficiency while retaining USDY native income exposure; - Borrowing USDY on NAVI provides users with the opportunity to introduce this asset into the complex Sui DeFi ecosystem and take advantage of other platforms that support this asset.