CandleFocus Ondo Finance Brings OUSG and USDY to MakerDAO’s Grand Prix
2024-09-24
Author: Content Editor
Ondo Finance is participating in the Sky Ecosystem's Spark Tokenization Grand Prix, aiming to onboard $1 billion in tokenized financial assets. They have submitted bids for their flagship products, OUSG and USDY, with a combined Total Value Locked (TVL) of over $600 million. OUSG is the first peer-to-peer transferable fund available on the blockchain, offering daily interest distributions and mainly investing in the BlackRock USD Institutional Digital Liquidity Fund. USDY is a permissionless yieldcoin worth over $400 million in TVL and has been incorporated into multiple systems across different blockchains. Ondo Finance's high yields and the potential for yieldcoins to provide attractive returns and investor security are driving increased interest in their tokenized assets.
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