Ondo Finance’s Yield-Bearing Treasury Stablecoin USDY is Now Available on NAVI Protocol

BlockBeats reported that on October 17, according to official news, the yield-based treasury bond stablecoin USDY launched by RWA protocol Ondo Finance is now available on Sui Ecosystem’s one-stop liquidity protocol NAVI Protocol.

Providing USDY liquidity will provide users with the opportunity to earn income from multiple sources, including income from USDY and lending interest;

Borrowing USDY as collateral allows users to improve capital efficiency while retaining USDY’s native income;

Borrowing USDY on NAVI provides users with the opportunity to introduce the asset into the complex Sui DeFi ecosystem and take advantage of other platforms that support the asset.