Ondo Finance launches RWA campaign on NAVI Protocol to drive adoption of USDY

Ondo Finance launched a campaign on the Navi protocol of SUP to stimulate the adoption of its stable that USDY of yield.

Finance Ondo (Ondo) has spear a new campaign In collaboration with Navi Protocol, aimed at encouraging more people to use its USDY in Stable, a performance piece of the US Treasury tokenized by Ondo Finance. From February 26 to March 12, the initiative offers participants a chance to gain awards by providing liquidity to the USD (the depositor in the Navi protocol).

Participants earn points according to their liquidity contributions, which makes them eligible for a share of the awards, which will be paid in Navx and Usdy. The campaign has a total award pool of $ 35,000. The 100 best participants will share $ 10,000, while additional $ 25,000 will be distributed between 2,500 more winners.

Usdy is a special type of stable Created by Finance Ondo This arouses daily interests. Unlike regular stables like Tether (USDT) or a USD part (USDC), which simply hold their value, USDY is supported by the invoices of the US Treasury and bank deposits. Because it is supported by generator -generating assets, it automatically generates the performance for its holders. This actually makes USDY a chain alternative to hold liquidity in a bank savings account or to invest in money market funds.

Since Usdy wins a yield without requiring or locking, it becomes an attractive stablecoin alternative in Challenge Because it allows users to gain a return without taking any risks of volatility from cryptography. Since it works on the blockchain, it can also be used in DEFI for loans and loan.

Usdy was the first presented On the Blockchain suis in March 2024. Later, it was extended to other networks, launching on the Cosmos ecosystem via noble in July 2024, The Aptos Blockchain in December 2024, and Arbitrator (ARB) in August 2024. Earlier in February, USDY also spear on the stellar (XLM) network in the coming months.

Beyond Navi protocolSeveral other protocols sur Su suis, namely the finances of the consequences, the Cetus, the Typus finance, the bucket protocol, the turbos and the Kriyadex, integrated USDY.

Among other DEFI platforms, Usdy was integrated on Bounce and injective (INJ), offering users transparent exposure to USDY yields. Drift protocol activated Users to use USDY as a guarantee for perpetual trade on Solana (GROUND).

According to CoinmarketcapAs of February 26, USDY had a market capitalization of around $ 382 million.