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Cây Thúi
@chicken
USDY (Ondo Finance) Ondo Finance, launched in August 2022, raised $20 million in a Series A funding round led by Pantera Capital and Founders Fund, with notable participation from Coinbase Ventures, Wintermute, and Tiger Global. One of Ondo Finance’s flagship products is USDY.
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Khế Ngọt
@khengot
Daily and monthly reports are provided through Ankura Trust, ensuring full transparency.
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Lam-May
@lammay
Tokens can be transferred on-chain 40-50 days after purchase.
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Nguyễn Phương Nhi
@beautiverse
USDY token holders receive interest earned from collateral assets, with a variable interest rate of around 5.3%.
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Matngot
@matngot
Rebasing is a mechanism that adjusts the total token supply to maintain a stable price, typically $1, by altering the number of tokens held by users without changing their ownership percentage.
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Đà Nẵng
@chetruoi
USDY is a "tokenized note" backed by short-term U.S. Treasury bonds and bank deposits. Ondo Finance offers two types of tokens: USDY and rUSDY, both of which can be easily swapped on their platform. rUSDY is a *rebase token that maintains its $1 value while distributing interest. In contrast, USDY retains a fixed token supply, with its value increasing over time, while rUSDY preserves its $1 value by adjusting the token quantity held by users.
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Gacon
@gacon
To reduce U.S. regulatory risks, USDY is exclusively available to non-U.S. investors.
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@chivnt
Collateral asset market value: Approximately $395.49 million (collateralization ratio of 102.8%)
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Sontungmtp
@sontungmtp.eth
USDY is registered with the U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN) as a Convertible Virtual Currency (CVC) manager and financial services provider.
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Mytam.eth
@chanhday
Bankruptcy remoteness means that assets are safeguarded from being included in the issuer’s estate in the event of bankruptcy, protecting the value for token holders.
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coccoc
@keongot
Collateral assets: 100% U.S. Treasury bonds, $12,406 in cash
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Hejustin
@conmeo
A separate legal entity, Ondo USDY LLC, ensures bankruptcy remoteness.
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