DeFi Protocol Ondo Finance Sets Up Tokenized Corporate Bonds With Over 8% Yield on Stablecoins

Decentralized finance platform Ondo Finance has launched three products designed to allow stablecoin holders globally to invest directly in bonds and U.S. Treasurys.

On Ondo’s site, the OUSG fund invests in short-term government Treasurys, earning 4.2% per annum; the OSTB invests in short-term bonds, earning 5.45% per annum; and OYHG invests in high-yield corporate bonds, paying out 8% per annum to depositors. Fees for these funds are currently listed at 0.15%. The so-termed “blue chip” DeFi protocols such as Compound and Aave yield about 1%-2% per year by investing in liquidity pools belonging to projects based on blockchains such as Ethereum or Solana.

“Large stablecoin holders, including start-ups and [decentralized autonomous organizations], are faced with a choice between having their purchasing power eroded away by inflation or taking too much risk with the current set of on-chain yield offerings," Nathan Allman, founder of Ondo Finance, said in aThe funds will process daily subscriptions and redemptions in stablecoins as well as traditional fiat, and investors will receive tokens on the Ethereum blockchain representing their...

OndoFinance If Bitcoin is twice as cheap in a bear market,you should be working twice as hard to make extra money to invest. Bitcoin always bounce back Y’all should follow KeshGlover she knows her stuff when it comes to Bitcoin & other cryptos,her tweets have been helpful over the years

OndoFinance This is a interesting development for web3. Buying US bonds and treasuries with Stablecoins. Adoption rate increases in 2023?

OndoFinance OndoFinance make defi great again

OndoFinance They will enable global stablecoin holders to invest directly in bonds and U.S. Treasury securities, which will provide investors with more investment opportunities and more security to invest. In addition, DeFi can provide more liquidity and transparency in trading

OndoFinance Sounds interesting!

OndoFinance Follow for follow back ❤️ Thanks~!

OndoFinance Minimize your trade risk and losses with the help of expert who can help you with real time market analysis and accurate trading tips. I trust the process Lisa_berry77 put to work and i think you should check it out! It's worth giving a try!!

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

DeFi was the most attacked ecosystem in 2022: Finance RedefinedDid you know that DeFi projects were the most attacked in the crypto industry in 2022? This and more stories in our latest Finance Redefined. Lets keep Shilling. TheOnigiriNeko OnigiriNeko Onigi $ONIGI oooitscrime we are still here! 💪
Source: Cointelegraph - 🏆 562. / 51 Read more »

‘FTX was not crypto’ — DeFi Dad sets the record straightTune in to this week's episode of the Hashing It Out podcast, where we discuss the evolution of decentralized finance with DeFi_Dad. 🎙️ We also cover the emergence of real yield and where the market may be heading. 💡
Source: Cointelegraph - 🏆 562. / 51 Read more »

Pakistan seeks change to U.S. world finance control as Cuba leads U.N. bloc'As far as global governance ... the greatest structural issue is the control of the international financial system by the United States,' Munir Akram said.
Source: Newsweek - 🏆 468. / 52 Read more »

What is regenerative finance (ReFi), and how does it impact NFTs and Web3?Can NFTs be used to achieve social good? Tune into NFT Steez to hear marvelgirl_eth chat with ohihello1 and horushughes about the impact of regenerative finance (ReFi) in Web3. marvelgirl_eth ohihello1 HorusHughes On this week’s episode of NFT Steez, hosts Alyssa Expósito and Ray Salmond meet with Mashiat Mutmainnah to discuss how regenerative finance (ReFi) can provide more accessibility and inclusivity to blockchain technology.
Source: Cointelegraph - 🏆 562. / 51 Read more »