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.
