Ondo Monthly Spotlight: July 2024

July Spotlights ⬇️

1. 🌌 USDY Goes Live on Noble, Expanding to the Cosmos Ecosystem
2. ⚫️ USDY Launches on Aptos Alongside Major Integrations
3. 💸 Arbitrum DAO Votes to Allocate 17% of Treasury Diversification Funds to USDY
4. 🟣 Pyth Network Introduces USDY/USD Price Feeds Across 65+ Blockchains
5. 🌐 Ondo Ecosystem Expansion
6. 🗣️ Ondo Joins Uphold Institutional’s Token Discovery Webinar
7. 📆 Upcoming Events

🌌 USDY Goes Live on Noble, Expanding to the Cosmos Ecosystem

USDY, our market-leading yieldcoin, is now live on Noble, making it accessible to the 90+ chains in the Cosmos ecosystem. This launch introduced the first tokenized treasuries product to the Cosmos ecosystem, furthering Ondo’s mission to make institutional-grade financial products and services available to everyone. Continue Reading.

⚫️ USDY Launches on Aptos Alongside Major Integrations

The launch of USDY on Aptos brings the first native US Treasuries yieldcoin to the Aptos ecosystem, including integrations with three of the largest protocols, Aries Markets, Thala, and LiquidSwap. USDY serves various use cases on Aptos, including enhancing liquidity pools by providing a natively yielding asset for trading pairs, serving as collateral on money markets to enable capital efficient borrowing and lending activities, and being used as collateral for Collateralized Debt Positions and derivatives. Continue Reading. 

💸 Arbitrum DAO Votes to Allocate 17% of Treasury Diversification to USDY

The Arbitrum DAO ratified the STEP Committee's recommendation to diversify 6M ARB from the Arbitrum DAO Treasury into USDY. This represents over 17% of the total 35m ARB allocation, second only to BlackRock's BUIDL. This vote grants the DAO access to one of the industry's top yield-generating real-world assets. Continue Reading.

🟣 Pyth Network Introduces USDY/USD Price Feed Across 65+ Blockchains

The launch of the Pyth USDY/USD price feed expanded the reach of USDY to the EVM, Move, Bitcoin, and Cosmos ecosystems, with several ecosystem participants already integrating this price feed, including Drift, FlashTrade, Thala, and DePerp. Continue Reading.

🌐 Ondo Ecosystem Expansion

The Ondo Ecosystem Directory – a list of the institutions, protocols, and networks aligned with our mission of delivering institutional-grade financial products onchain continues to expand. Noble, Pyth Network, Dolomite, and Mango Markets joined the Ondo Ecosystem this month, among others. Commenting on their respective integrations:

Mike Cahill, CEO and Co-Founder of Douro Labs, said, "We’re excited about the launch of the USDY/USD price feed. The Pyth contributors are committed to providing feeds for leading real-world assets based on the demands of Web3 developers, and as Ondo Finance and USDY continue to gain momentum, launching this price feed was a clear choice.”

Corey Caplan, Creator of Dolomite, stated, “We’re excited about the addition of USDY and the new opportunities it will unlock for our users. We believe USDY is an exciting new foundational asset for DeFi and we are proud to further expand the utility of USDY via our next-generation money market.”

🗣️ Ondo Featured in Uphold Institutional’s Token Discovery Series Webinar

Ian De Bode, Chief Strategy Officer at Ondo Finance, joined Uphold Institutional's Token Discovery Series and covered Ondo’s mission, momentum, the RWA tokenization landscape, and how the Ondo Ecosystem is bringing institutional grade financial products & services to everyone. Listen to the webinar.

📆 Upcoming Events

August 6: Nathan Allman, Ondo Finance Founder and CEO, will speak in New York City at Blockchain Application Stanford Summit (BASS).

September 3-4: Nathan Allman will be a headline speaker at Korea Blockchain Week.

September 5-6: Justin Schmidt, Ondo Finance President and COO, will speak at The Aptos Experience.

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⚠️ NOTE: USDY is not, and may not be, offered, sold, or otherwise made available in the US or to US persons. USDY has not been registered under the US Securities Act ("Act") or pursuant to securities laws of any other jurisdiction, and may not be offered, sold or otherwise transferred in the US or to US persons unless registered under the Act or an exemption or exclusion from the registration requirements thereof is available. Additional restrictions may apply. Nothing herein constitutes any offer to sell, or any solicitation of an offer to buy, USDY. Acquiring USDY is speculative and involves substantial risks. A USDY holder may incur losses, including total loss of their funding to acquire USDY tokens. Ondo does not endorse, Ondo does not make any representation or warranty whatsoever (express or implied, including but not limited to any warranty of merchantability, fitness for a particular purpose or non-infringement) regarding, and ONDO SHALL NOT HAVE ANY LIABILITY WHATSOEVER WITH RESPECT TO ANYONE'S USE OF, any third-party products, services or technologies referenced herein. Additional terms apply. Visit http://ondo.finance/usdy for details.