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Hydro Launches RWA Initiative with Ondo Finance Support
The post Hydro Launches RWA Initiative with Ondo Finance Support appeared on BitcoinEthereumNews.com. Hydro Protocol’s RWA initiative launches with Ondo Finance and Injective integration, enhancing DeFi opportunities. USDY yieldcoin is integrated into Injective, offering 5.3% APY and boosting Hydro Protocol’s Real Yield Asset strategy. Hydro Protocol has officially launched its Real World Asset (RWA) program in partnership with Ondo Finance and Injective. This is a significant milestone because Hydro users may now access Ondo Finance’s USDY, which has been integrated into Injective, as we previously reported. It makes Hydro the first LSDFi and RWA management protocol on the Injective network. Hydro ???? Ondo ???? Injective Hydro’s #RWA initiative is launching in collaboration with @OndoFinance and is supported by @injective The $USDY will become a key element of Hydro’s distinctive RYA (Real Yield Asset), adding another significant application for Ondo. More… pic.twitter.com/py0bhoUIEC — Hydro Protocol (@hydro_fi) July 29, 2024 USDY Integration Boosts Hydro Protocol’s RYA Strategy in Injective Ecosystem USDY is a yieldcoin backed by short-term US Treasuries with a steady and high-quality yield of 5.3% APY. This financial product is available to non-US individual and institutional investors and has similar usefulness to stablecoins. The addition of USDY to Injective enables protocol dapps such as Hydro Protocol to implement a RWA strategy, establishing USDY as a key component of Hydro’s Real Yield Asset (RYA). RYA is an important financial product in Injective’s LSDFi ecosystem, connecting Real World Assets (RWA) and Crypto World Assets (CWA). The inclusion of USDY in the Hydro Protocol is projected to greatly improve the utility and yield potential of RYA, thereby cementing Hydro’s market position. The Hydro team stated: “Hydro Protocol is making significant advances in treading in the RWA world. We are already engaged in numerous conversations with various RWA projects to ensure maximum RWA strategy on Injective and Hydro Protocol. More is certainly to come.” As of this…
The post Hydro Launches RWA Initiative with Ondo Finance Support appeared on BitcoinEthereumNews.com.
Hydro Protocol’s RWA initiative launches with Ondo Finance and Injective integration, enhancing DeFi opportunities. USDY yieldcoin is integrated into Injective, offering 5.3% APY and boosting Hydro Protocol’s Real Yield Asset strategy. Hydro Protocol has officially launched its Real World Asset (RWA) program in partnership with Ondo Finance and Injective. This is a significant milestone because Hydro users may now access Ondo Finance’s USDY, which has been integrated into Injective, as we previously reported. It makes Hydro the first LSDFi and RWA management protocol on the Injective network. Hydro ???? Ondo ???? Injective Hydro’s #RWA initiative is launching in collaboration with @OndoFinance and is supported by @injective The $USDY will become a key element of Hydro’s distinctive RYA (Real Yield Asset), adding another significant application for Ondo. More… pic.twitter.com/py0bhoUIEC — Hydro Protocol (@hydro_fi) July 29, 2024 USDY Integration Boosts Hydro Protocol’s RYA Strategy in Injective Ecosystem USDY is a yieldcoin backed by short-term US Treasuries with a steady and high-quality yield of 5.3% APY. This financial product is available to non-US individual and institutional investors and has similar usefulness to stablecoins. The addition of USDY to Injective enables protocol dapps such as Hydro Protocol to implement a RWA strategy, establishing USDY as a key component of Hydro’s Real Yield Asset (RYA). RYA is an important financial product in Injective’s LSDFi ecosystem, connecting Real World Assets (RWA) and Crypto World Assets (CWA). The inclusion of USDY in the Hydro Protocol is projected to greatly improve the utility and yield potential of RYA, thereby cementing Hydro’s market position. The Hydro team stated: “Hydro Protocol is making significant advances in treading in the RWA world. We are already engaged in numerous conversations with various RWA projects to ensure maximum RWA strategy on Injective and Hydro Protocol. More is certainly to come.” As of this…
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