Ondo US Dollar Yield token
Overview
Ondo US Dollar Yield (USDY) is a yield-bearing tokenized note issued by Ondo Finance. It is backed by a portfolio of short-term US Treasuries and bank deposits, aiming to maintain a stable value while accruing yield. USDY is used as a cross-chain stable-value asset that offers a variable yield to holders.
Within the DeFi Intel graph, Ondo US Dollar Yield connects to 27 tracked entities, most strongly to Ethereum, Solana, Arbitrum.
Relations
Top connections in the DeFi Intel knowledge graph (confidence-weighted, 10 of 27 total).
| Relation | Connected entity | Confidence |
|---|---|---|
deployed_on | Ethereum | 95% |
deployed_on | Solana | 95% |
deployed_on | Arbitrum | 95% |
deployed_on | Aptos | 95% |
deployed_on | Mantle | 95% |
deployed_on | Sui | 95% |
issued_by | Ondo Finance | 95% |
issued | Ondo Finance | 95% |
deployed_on | Ethereum | 95% |
deployed_on | Sei | 95% |
Frequently asked questions
What is Ondo US Dollar Yield?
Ondo US Dollar Yield is a tokenized note that represents a claim on a portfolio of US Treasury bills and bank deposits. It accrues yield daily and is designed to maintain a stable value relative to the US dollar.
How does USDY differ from USDC?
Unlike USDC, which is a fully collateralized stablecoin pegged 1:1 to the dollar without yield, USDY is a yield-bearing token that generates returns from its underlying short-term Treasuries and deposits, and its price is not strictly pegged but targets stability.
What generates the yield for USDY holders?
The yield originates from the interest earned on the underlying assets: primarily short-term US Treasury securities and cash held in bank accounts. This yield is passed through to token holders via daily accruals reflected in the token's redemption value.
What is Ondo US Dollar Yield connected to?
In the DeFi Intel knowledge graph, Ondo US Dollar Yield is linked to 27 other tracked entities, most strongly to Ethereum, Solana, Arbitrum.
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