#Write2earn MANTRA and Ondo Finance Join Forces to Enhance Liquidity in RWA Tokenization

#MANTRA #ONDOfinance #ONDO $ondo $OM #RWA

MANTRA, a leader in real world asset (RWA) tokenization, has unveiled a significant new product in collaboration with Ondo Finance. This development aims to boost liquidity for RWA tokenization, an area attracting substantial institutional interest this year.

Key Highlights:

Launch of USDY: MANTRA will introduce Ondo’s interest-bearing tokenized note, USDY, when its blockchain launches later this year. USDY offers exposure to short-term US Treasury yields while retaining stablecoin utility. Note: USDY is not available in the US or to US persons.

Liquidity Incentives: To celebrate this milestone, MANTRA and Ondo will incentivize a multi-chain vault. Users contributing USDC to this vault will gain immediate access to high-quality yields. Those staying until MANTRA Chain’s mainnet launch will receive ONDO tokens and mainnet OM coins. The vault opens in June on Ethereum and Base.

Incentive Structure:

Progressive rewards will be distributed as participation milestones are reached, ensuring returns remain attractive.

Vision and Leadership:

Nathan Allman, CEO of Ondo Finance: "We are excited to see the USDY vault launching on MANTRA, furthering our mission to bring institutional-grade assets to the world."

John Patrick Mullin, CEO of MANTRA: "Introducing USDY is a major expansion of our ecosystem, enhancing our onchain liquidity profile. This product launch aligns with our strategy to collaborate with leading RWA projects."

Conclusion:

This collaboration marks a pivotal advancement in the RWA tokenization sector. With the launch of USDY and the multi-chain vault, MANTRA is set to enhance liquidity and bridge the gap between traditional and decentralized finance, solidifying its leadership in the digital assets industry.