GRVT and Ondo Finance collaborate to establish a $100 million USDY position
2026-08-11 21:16:37
According to CoinMeta, the hybrid decentralized trading platform GRVT, which is based on zkSync, has partnered with Ondo Finance to plan to establish a position worth $100 million in USDY over the next year. USDY are tokenized guaranteed notes primarily backed by short-term U.S. Treasury bonds, Treasury ETF, and bank deposits, with an current annual yield of about 3.5%. GRVT will hold USDY in its own balance sheet and integrate its earnings into GRVT Earn; users do not need to directly hold these tokens. Calculated based on a full deployment of $100 million, the annual gross earnings would be approximately $3.5 million.
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