4.35% APY On-Chain T-Bill Yield, No KYC. Too Good to Be True?

[bwy]

Has anyone looked into USDY by Ondo Finance?

It’s a tokenized version of short-term U.S. Treasuries. Assets are managed by BlackRock, fully audited, and it’s available on-chain (Solana, Ethereum).

You can swap in and out like any stablecoin, and it offers ~4.35% APY — with the yield built into the token price over time. No KYC needed for on-chain trading.

https://ondo.finance/usdy

Curious if anyone here has used it

 

[forward]

Has anyone looked into USDY by Ondo Finance?

It’s a tokenized version of short-term U.S. Treasuries. Assets are managed by BlackRock, fully audited, and it’s available on-chain (Solana, Ethereum).

You can swap in and out like any stablecoin, and it offers ~4.35% APY — with the yield built into the token price over time. No KYC needed for on-chain trading.

https://ondo.finance/usdy

Curious if anyone here has used it

well, ondo seems legit

the thing is the reg banks are offering nowadays around 4% on savings/term deposits, so is it worth the hustle? if it would be at least 5+...

 

[toums]

Or even currently 6.5% in USD on Kraken (locked for 30 days, otherwise 4.25%).