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Switzerland, 20th June 2024 —One of the most anticipated USDY vaults is finally here! MANTRA, a prominent blockchain platform focusing on RWA, has officially launched its much-awaited USDY vault today. This revolutionary initiative offers users the opportunity to access through yield supported by short-term US Treasuries within the DeFi sector.
Powered by Ondo Finance’s top-tier USDY yieldcoin, the MANTRA USDY vault presents a compelling substitute for conventional financial instruments. Participants can earn yields on their investments, leveraging USDY’s flexibility and convenience akin to stablecoins.
Learn more about the USDY vault and participate here: https://hongbai.io/vaults/sxRxRTNN9k35g2aBEa9H/details
The USDY vault currently provides an APY of 5.3%. To incentivize participation, the Ondo Foundation and MANTRA offer $ONDO and mainnet $OM rewards, which the participants will eventually receive upon launching the MANTRA mainnet.
The USDY vault offers full transparency regarding its underlying asset portfolio, enhancing investor confidence through a secure and trustworthy framework. (Note: USDY has not been registered under the US Securities Act or the securities laws of any other jurisdiction and is not, and may not be, offered, sold, or otherwise made available in the US to US persons or residents of other restricted jurisdictions.)
Statement from the Co-founder
John Patrick Mullin, CEO and Co-Founder of MANTRA, delightedly highlighted, “The launch of the USDY vault represents a strategic advancement in MANTRA’s RWA tokenization efforts. This innovative solution expands crypto participants’ yield portfolio options, enabling seamless integration of our RWA yield-bearing product into DeFi strategies. Our collaboration with Ondo Finance enhances our ecosystem, aligning with our vision to establish a scalable infrastructure for RWA tokenization.”
The USDY vault launch marks a significant milestone for MANTRA, bridging traditional finance (TradFi) with the broader DeFi landscape through RWA tokenization. It provides a secure and transparent pathway to RWA yield, offering users new avenues for investment.
Ondo USDY receives immense support from both the Ondo Foundation and Ondo Finance.
About MANTRA
MANTRA is a purpose-built Layer 1 blockchain designed for compliance readiness, capable of meeting real-world regulatory standards. As a permissionless chain, MANTRA facilitates seamless evolution in RWA tokenization for institutions and developers. It achieves this through advanced technological modules, cross-chain interoperability, and robust compliance mechanisms.
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