Ondo Finance Partners with NAVI Protocol to Give $35,000 USDY Prize through Campaign!

Jakarta, Pintu News – Ondo (ONDO) has recently launched an exciting new campaign on the NAVI Protocol platform to increase the usage of their innovative stablecoin, USDY.

The campaign not only aims to expand the use of USDY but also provides an opportunity for participants to earn attractive rewards.

USDY, which is backed by US government securities and bank deposits, offers daily interest income to its holders, making it an attractive alternative to conventional stablecoins.

Ondo Finance Campaign at NAVI Protocol

In a bid to introduce USDY to a wider market, Ondo Finance has chosen NAVI Protocol as the platform for their latest campaign.

The campaign, which ran from February 26 to March 12, 2025, gave participants the opportunity to earn points based on their liquidity contributions.

Read also: PayPal Poised to Dominate the Stablecoin Market with PYUSD in 2025!

The total prize pool offered in this campaign reached $35,000, with $10,000 divided among the top 100 participants and another $25,000 distributed to an additional 2,500 winners.

Ondo Finance emphasized the role of the NAVI Protocol, saying that it is one of the key platforms driving this growth, having secured over $450 million in market size and serving as the home for Ondo’s tokenized US Treasuries.

The company stated:

“NAVI has become the Sui home for Ondo’s tokenized US Treasuries, offering a platform that showcases the advantages of real-world assets – from idle balance yields to cost-effective lending and more.”

Advantages of USDY as a Stablecoin

Unlike other stablecoins such as Tether USDT0.16%->Harga USDT Saat IniRp 16.5210.16%Market CapRp 0Volume TradingRp 0Suplai BeredarRp 0 or USD Coin USDC0.01%->Harga USDC Saat IniRp 16.5290.01%Market CapRp 0Volume TradingRp 0Suplai BeredarRp 0, which only retain their value, USDY offers the added benefit of interest earnings.

As it is backed by interest-earning assets, USDY automatically generates interest for its holders. This makes USDY an attractive alternative in the DeFi market, allowing users to earn interest without having to face the risk of crypto volatility.

Not only that, USDY can also be used in DeFi for lending and borrowing purposes.

Read also: Did Elon Musk “Kill” Dogecoin? Can DOGE Bounce Back as Investors Flee?

USDY Expansion and Integration

Since its first introduction on the Sui blockchain in March 2024, USDY has undergone expansion to other networks. These include the Cosmos ATOM3.37%->Harga ATOM Saat IniRp 77.9643.37%Market CapRp 0Volume TradingRp 0Suplai BeredarRp 0 ecosystem via Noble in July 2024, the Aptos APT5.79%->Harga APT Saat IniRp 92.1755.79%Market CapRp 0Volume TradingRp 0Suplai BeredarRp 0 blockchain in December 2024, and Arbitrum (ARB) in August 2024.

USDY is also scheduled to launch on the Stellar XLM9.59%->Harga XLM Saat IniRp 4.7999.59%Market CapRp 0Volume TradingRp 0Suplai BeredarRp 0 network in the coming months.

In addition, several other protocols in Sui (SUI) such as Aftermath Finance, Cetus, and Typus Finance have integrated USDY, increasing USDY exposure and functionality across multiple platforms.

Overall, with a market capitalization of approximately $382 million as of February 26, 2025, USDY shows significant potential as an interest-earning stablecoin. Ondo Finance’s latest campaign on NAVI Protocol not only aims to increase USDY usage but also offers participants the opportunity to earn financial rewards.

This initiative is expected to bring more adoption and innovation in the use of stablecoins in the DeFi ecosystem.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Coinspeaker. Ondo Finance & Navi Protocol Launch USDY Rewards Campaign as SUI DeFi Expands. Accessed on February 27, 2025
• Crypto News. Ondo Finance Launches RWA Campaign on Navi Protocol to Drive Adoption of USDY. Accessed on February 27, 2025