👉👉👉 Arbitrum Committee Recommends 6M $ARB Diversification into $USDY of Ondo Finance
Ondo Finance, a leading on-chain institutional-grade financial platform, has recently experienced a significant development. The STEP Committee of Arbitrum has proposed diversifying up to 6 million $ARB tokens into Ondo Finance’s $USDY. Ondo Finance announced this update on the social media platform X.
Arbitrum Committee Proposes Diversifying 6M $ARB into Ondo Finance’s $USDY
- In their X post, Ondo Finance shared details about the proposal. The STEP Committee recommended six products out of over thirty applications, allocating more than seventeen percent of the funds to $USDY. This allocation is second only to #BlackRock's BUILD.
- This development highlights the growing reputation of the $USDY token. Ondo Finance expressed enthusiasm for this recommendation, emphasizing the high-quality nature of the $USDY token that has secured its remarkable position.
Appreciation for the Committee’s Thorough Diligence
- Ondo Finance also acknowledged the committee's thorough diligence process. They look forward to the Arbitrum community vote and are ready for further progress, indicating plans to expand collaborative efforts.
- Additionally, Ondo Finance extended special thanks to the STEP #DAO and committee members who contributed to this initiative. Key contributors include L2BEAT, DisruptionJoe.eth, Nethermind, North Lakes Legal, Steakhouse Financial, karpatkey, gfxlabs, PaperImperium, and Devansh Mehta, among others.
Source - blockchainreporter.net
