Ondo Finance and Pyth Network Partner to Revolutionize DeFi by Integrating Real-World Assets Across 65+ Blockchain Ecosystems

Discover how Ondo Finance and Pyth Community are revolutionizing decentralized finance by integrating institutional belongings throughout over 65 blockchain ecosystems. Find out how their partnership enhances on-chain accessibility to conventional belongings, benefiting good contract builders and DeFi customers alike.

DeFi is poised to revolutionize capital markets and the monetary industry by enabling decentralized access to traditional assets. To fully realize this potential, on-chain users require seamless access to these assets across multiple blockchains and decentralized applications.

Ondo Finance, a leading provider of tokenized real-world assets, has partnered with Pyth Network to achieve this vision. Their collaboration has resulted in the launch of the USDY/USD price feed by Pyth, now available across more than 65 blockchain ecosystems. This milestone enables smart contract developers worldwide to integrate real-time feeds for Ondo’s yieldcoin, USDY.

This development opens new opportunities for developers and projects to integrate institutional assets on-chain, enhancing DeFi’s potential. Pyth Network’s over 100 first-party data providers are set to support additional real-world assets as demanded by Web3 builders.

“It is a major unlock for developers and projects building the future of finance. Many leading DeFi applications and protocols use Pyth as an oracle provider, and this USDY/USD price feed marks a significant step towards cutting through the fragmented nature of blockchain ecosystems to make institutional assets broadly accessible.” — Katie Wheeler, VP of Partnerships at Ondo Finance

What is Ondo’s US Dollar Yield Token?

Ondo's US Dollar Yield (USDY) is a tokenized note backed by short-term US treasuries. USDY provides a secure, yield-generating alternative to traditional stablecoins, merging the benefits of on-chain finance with the stability of conventional assets. Backed by safe and liquid assets, USDY provides sustainable yields for both institutional and individual market participants in on-chain capital markets.

Learn more about USDY here.

Expanding DeFi’s Potential with USDY

The Pyth USDY/USD price feed launch extends USDY’s reach to the EVM, Solana, Transfer, Bitcoin, and Cosmos ecosystems. This partnership aims to create a unified and interoperable DeFi experience, overcoming the fragmented nature of blockchain ecosystems.

Wider Reach: The USDY/USD feed is now active on over 65 blockchains, enabling various on-chain applications to establish markets for USDY. The widespread availability of key assets fosters a more composable and dynamic DeFi landscape.

Multi-Chain Synergies: The USDY/USD feed’s presence across multiple blockchains allows DeFi applications to expand their reach and serve new user bases. This helps break down silos in the blockchain world, promoting the free movement of assets across different chains.

Bridging Traditional and Decentralized Finance: This development is essential for integrating institutional finance into DeFi, bringing enhanced liquidity, security, and stability. By incorporating conventional assets on smart contract platforms, Ondo is paving the way for more sophisticated DeFi products and services.

Real-time Exposure: Pyth Price Feeds provide updates at sub-second speeds, enabling on-chain users to track traditional capital markets in near real-time. This capability levels the playing field between DeFi and CeFi solutions, opening up new market opportunities.

Ecosystem Highlights

Oracle feeds for key assets are crucial for blockchain foundations to grow their ecosystems, attract developers, and better serve users. The Aptos, Solana, and Mantle Foundations are among the first to utilize the new Pyth USDY/USD feed.

Aptos

Aptos and Ondo Finance are collaborating to tokenize real-world assets. The Pyth Price Feeds for Ondo products will accelerate this initiative.

Solana

Ondo Finance has expanded its US Treasury-backed assets to the Solana ecosystem, supporting the broader trend of bringing traditional assets onto blockchain platforms. The Pyth oracle feeds enhance Solana’s Layer 1 offerings.

Mantle

Mantle and Ondo Finance are working together to further the real-world asset (RWA) movement, bringing sustainable yields to the DeFi ecosystem. The Pyth USDY/USD feed marks an important milestone in this effort.

DeFi Protocols

Several Pyth ecosystem partners are already integrating this price feed, expanding its reach and utility.

Drift — A dynamic AMM-based perpetual futures DEX on Solana.

FlashTrade — Solana의 주문형 유동성을 갖춘 자산 담보 거래

Thala — Aptos의 DeFi HyperApp 및 유동성 엔진.

DePerp — Telegram의 영구 거래 미니 앱 및 Base의 웹 앱.

“Traders on Drift는 USDY와 같이 정확한 실시간 가격 데이터 제공에 크게 의존합니다. 지연 시간이 짧은 가격 데이터는 Drift 제품에 매우 중요하며 무기한 및 온체인 파생 상품에 대한 원활한 거래를 가능하게 합니다. Pyth의 풀 오라클은 오래된 가격의 위험을 크게 줄여줍니다.” — Chris, Drift

“Thala 수영장에 USDY를 출시하여 사용자가 USDY를 거래하고 토큰화된 국채 수익률에 노출될 수 있게 되어 기쁩니다. 또한 USDY는 스테이블코인 MOD의 담보로 화이트리스트에 등록될 예정입니다. 이는 Thala를 Ap의 RWA용 유동성 허브로 만들려는 우리의 더 큰 비전의 일부입니다

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