◾Ondo Finance: Innovator in the RWA track
◾#RWAleading projects @MakerDAO , @fraxfinance
Most of them revolve around stablecoins and on-chain profits, and have occupied an important position in the RWA track.
MakerDAO: Pegging the stablecoin $DAI to real assets, increasing the stability of $DAI reserves through RWA, while bringing stable returns.
Frax Finance: launched products such as FraxETH and FraxUSDC, built an on-chain asset income system, and combined RWA to achieve asset appreciation.
◾Ondo Finance’s core product is $USDY, a tokenized U.S. Treasury bond that combines the stable returns of traditional finance with the flexibility of on-chain assets to provide savings management solutions for different users.
◾ Target users:
Unbanked users: Groups unable to access traditional banking services can conveniently purchase $USDY through on-chain wallets (like Decaf) to obtain stable returns.
On-chain active traders: Users accustomed to operating on-chain can allocate some idle funds into $USDY, achieving both returns and flexibility of funds.
◾ Advantages of $USDY:
✅ Stable and low risk: Reliant on the stable returns of U.S. Treasury bonds.
✅ Flexible and combinable: On-chain assets are tradable 24/7.
✅ Multi-ecosystem integration: Integrated with the @solana ecosystem, deeply collaborating with tools like @phantom and @Decaf_so, lowering the participation threshold for users.
◾ Differentiated competition of Ondo:
Unlike the leading projects in the RWA track, Ondo Finance focuses on the market gap in savings management and has found a unique user entry point. Ondo Finance aims at a broader user base, especially those who have not engaged with traditional finance and on-chain active traders, providing a simple and understandable 'on-chain savings' solution through $USDY.
◾ In the future, as the RWA track continues to expand, Ondo Finance may become one of the leaders in this 'real asset on-chain revolution.'
#RWA #OndoFinance #Solana #USDY
