Big news for $APT DeFi! USDY is live! ๐ฅ This means Aptos users now have access to a new stablecoin called USDY that's backed by real US Treasuries. Plus, it earns a sweet 5.3% annual yield! ๐ค
This is a big deal because it brings more stability and options to the Aptos DeFi ecosystem. ๐๐
Here's what you need to know: ๐ป๐๐
๐ What is USDY? It's a stablecoin backed by US Treasuries, so it's pegged to the dollar but also earns interest.
๐ What are the benefits? More stable assets for DeFi, ability to borrow and lend with USDY, and a way to earn passive income.
๐ How do I get USDY? You can buy it on some Aptos DEXs like Thala or LiquidSwap, or directly from #ONDO Finance.
๐ Where can I use USDY? You can use it as collateral for loans, provide liquidity to pools, and more in various Aptos DeFi apps.
This is just the beginning for USDY on #APT . We can expect to see even more ways to use it in the future! ๐ For more info: Check out Ondo Finance's website!! DYOR!! #Altcoins #Aptos