According to Foresight News, Ondo Finance has launched rUSDY on the Ethereum mainnet under the RWA agreement. rUSDY is a new form of USDY, where earnings are accumulated through the daily distribution of additional tokens. The redemption value of each token remains at one dollar, but the number of tokens increases. The original USDY earnings were accumulated daily through an increase in the redemption value of each token. The number of tokens in the holder's wallet remained constant, but the redemption value of each token increased. Holders can switch between the two forms of USDY at any time, with zero slippage.

ether.fi posted on the X platform that Ondo Finance is this week's Staking Fren. From 8:01 am on May 13 to 7:59 am on May 18, Beijing time, users' new deposits will automatically receive a total of $500,000 worth of ONDO tokens airdropped. In addition, users will receive 1 ETHFI per day as a staking reward for every 1 ETH, and ETHFI and ONDO rewards will be sent in about 10 days.

According to Foresight News, Ondo Finance has announced the launch of the first batch of the Ondo Points Program, which supports the use of Flux, holding OUSG or USDY to obtain retrospective points. Users can also earn additional points by minting USDY and holding mUSD on the Mantle Network. Furthermore, Ondo Finance allows users to earn points by providing USDY liquidity on Uniswap through Range Protocol on Ethereum, or by offering liquidity on FusionX or Agnidex through Range Protocol on Mantle. Additionally, users can provide liquidity on Orca or Raydium through Kamino on Solana. The platform also supports borrowing over-collateralized stablecoins backed by tokenized US Treasury bonds from Ondo Finance and earning points.

According to official news, Coinbase has added Ondo Finance (ONDO) to the asset listing roadmap. It is reported that Coinbase has previously decided that in order to improve asset transparency, it will announce in advance the assets that have been decided to go online and move them to the roadmap. According to previous news, after on-chain community voting, the RWA protocol Ondo Finance token ONDO will be unlocked for circulation on January 18.

According to Foresight News, the Ondo Foundation has announced via Twitter that it will unlock ONDO tokens on January 18. The total supply of ONDO tokens is 10 billion, with an initial circulating supply of 1,426,647,567 tokens. Over 85% of ONDO tokens were initially locked. The unlocking of ONDO tokens is a significant event for the Ondo Foundation and its RWA platform. The foundation aims to provide a decentralized finance ecosystem that enables users to access various financial services. The release of ONDO tokens will likely increase the platform's liquidity and attract more users to participate in its ecosystem.

According to Foresight News, the foundation of RWA platform Ondo Finance has released a community proposal to unlock ONDO tokens. Currently, all ONDO tokens are subject to a lock-up constraint, and unlocking them requires the consent of the majority of ONDO holders. The Ondo Foundation plans to issue proposals directly to ONDO holders for on-chain voting to lift the global lock-up. The total supply of ONDO is 10 billion, with an initial circulating supply of 1,426,647,567 (~14.3%). Over 85% of ONDO tokens will initially be locked, with locked tokens set to be unlocked at 12, 24, 36, 48, and 60 months after the initial token unlock. Private investors (excluding CoinList purchasers) and core contributors will be locked for at least 12 months and released over the following four years (a total of five years). Participants in the community access sale (2%, driven by CoinList in May 2022) will be fully unlocked, making their tokens a significant part of the initial circulating supply.

Ondo Finance, a tokenized financial product platform, and Axelar, a Web3 interoperability platform, have collaborated to launch Ondo Bridge, a cross-chain solution inspired by Circle’s Cross-Chain Transfer Protocol (CCTP). Ondo Bridge allows users to issue native tokens on the Axelar-powered blockchain network, including Ondo’s tokenized note USDY. Axelar’s ​​programmable cross-chain platform will enable Ondo to automatically manage USDY supply. Initial deployment will take place via Axelar-based cross-chain liquidity router Squid. It is worth mentioning that Axelar played an important role in the development of Composable USDC by combining its General Message Passing technology with Circle’s CCTP. According to reports, Axelar seamlessly connects to more than 50 blockchain networks and has become a partner of multiple mainstream RWA issuers; it provides decentralized security and permissionless programmability, and has received approval from large enterprises such as Microsoft. Recognition has become an important tool for integrating off-chain systems on the chain; its supporters include Binance, Coinbase, Dragonfly, Galaxy and Polychain, etc.

Ondo Finance, a tokenized financial product platform, and Axelar, a Web3 interoperability platform, have collaborated to launch Ondo Bridge, a cross-chain solution inspired by Circle’s Cross-Chain Transfer Protocol (CCTP). Ondo Bridge allows users to issue native tokens on the Axelar-powered blockchain network, including Ondo’s tokenized note USDY. Axelar’s ​​programmable cross-chain platform will enable Ondo to automatically manage USDY supply. Initial deployment will take place via Axelar-based cross-chain liquidity router Squid. It is worth mentioning that Axelar played an important role in the development of Composable USDC by combining its General Message Passing technology with Circle’s CCTP. According to reports, Axelar seamlessly connects to more than 50 blockchain networks and has become a partner of multiple mainstream RWA issuers; it provides decentralized security and permissionless programmability, and has received approval from large enterprises such as Microsoft. Recognition has become an important tool for integrating off-chain systems on the chain; its supporters include Binance, Coinbase, Dragonfly, Galaxy and Polychain, etc.

According to Foresight News, structured protocol Ondo Finance has partnered with general interoperability platform Axelar Network to launch the Ondo Bridge. This collaboration will support the issuance of native tokens on blockchain networks supported by Axelar, including Ondo's USDY. USDY is a tokenized note from Ondo, backed by short-term US Treasury bills and bank demand deposits.