Question 1

What is Ondo US Dollar Yield (USDY)?

Accepted Answer

Ondo US Dollar Yield (USDY) is a financial instrument offered by Ondo Finance, taking the form of a tokenized note. This note is backed by US Treasuries and bank deposits, combining the security of traditional financial assets with the innovation of digital tokens. It is designed as the senior secured debt of Ondo USDY LLC, a special purpose vehicle established to be separate and bankruptcy-remote from Ondo Finance, aiming to provide enhanced security for its investors.

Question 2

What is Ondo US Dollar Yield (USDY) used for?

Accepted Answer

USDY serves as a bearer instrument that offers a variable yield starting at 5% Annual Percentage Yield (APY), appealing to those looking for a mix of stability and profitability in their investment. It operates similarly to stablecoins in terms of accessibility but stands out due to its secured backing and yield potential. USDY can be minted or redeemed directly with Ondo by both individuals and institutions without the need for accreditation. This process allows for daily engagement, promoting ease of access and participation in the financial instrument. After a waiting period of 40-50 days post-minting, USDY tokens can be transferred on-chain to investors who meet specific eligibility criteria, including non-US persons located outside the United States.

#	Instrument	Exchange	Benchmark Score	Price	24h Change	24h Volume	24h Trades	24h Open	24h High
1	USDY-USDT USDY_USDT	gateio	A	1.15USDT	0.00%	1,451,170.60USDY	3,671	1.15USDT	1.15USDT
2	USDY-USDT USDYUSDT	bybit	A	1.15USDT	0.01%	5,000.00USDY	1	1.15USDT	1.15USDT
3	USDY-USDT usdy_usdt	lbank	C	1.15USDT	0.03%	32,903.20USDY	8,821	1.15USDT	1.15USDT