Ondo

Patrick

Foundation

MANTRA

<div class="finbold"> 
 <p class="paragraph">MANTRA, a real-world asset (RWA) tokenization platform, has unveiled a new RWA <a rel="dofollow" title="savings" href="https://thebittimes.com/tag/savings.html">savings</a> <a rel="dofollow" title="vault" href="https://thebittimes.com/tag/vault.html">vault</a>, an on-chain product backed by Ondo’s USDY, as per the information shared with Finbold on June 3.&nbsp;</p> 
 <p class="paragraph">The new project brings together two prominent players in the RWA sector to bolster liquidity for RWA tokenization, a facet of decentralized finance (DeFi) that has recently garnered considerable institutional interest.</p> 
 <h2 class="wp-block-heading" id="h-high-quality-yields-with-a-new-multi-chain-vault-nbsp">High-quality yields with a new multi-chain vault&nbsp;</h2> 
 <p class="paragraph">To mark the new liquidity milestone, MANTRA and the Ondo Foundation are incentivizing a multi-chain <a rel="dofollow" title="vault" href="https://thebittimes.com/tag/vault.html">vault</a>.&nbsp;</p> 
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 <p class="paragraph">Users who contribute USD Coin (USDC) to the <a rel="dofollow" title="vault" href="https://thebittimes.com/tag/vault.html">vault</a> will gain immediate access to high-quality yields.&nbsp;</p> 
 <p class="paragraph">Those who stay invested until MANTRA Chain’s mainnet launch will also receive ONDO tokens and mainnet OM coins along with the underlying yield.&nbsp;</p> 
 <p class="paragraph">The vault is expected to open to the public in June on Ethereum (ETH) and Base.</p> 
 <h2 class="wp-block-heading" id="h-institutional-grade-defi-composability">Institutional-grade DeFi composability</h2> 
 <p class="paragraph">MANTRA’s mission is to merge DeFi composability with institutional-grade finance on-chain.&nbsp;</p> 
 <p class="paragraph">USDY’s features, such as over-collateralization, third-party oversight, and institutional-grade investor protections, make it a cornerstone asset for the growing RWA ecosystem.</p> 
 <p class="paragraph">To manage returns effectively as participation increases, MANTRA and the Ondo Foundation have designed a ratcheting schedule of increasing rewards distributed as community participation milestones are achieved.</p> 
 <p class="paragraph">Nathan Allman, CEO of Ondo Finance, expressed his enthusiasm about the project, stating,&nbsp;</p> 
 <blockquote class="wp-block-quote"> 
  <p class="paragraph">“We are excited to see the USDY <a rel="dofollow" title="vault" href="https://thebittimes.com/tag/vault.html">vault</a> launching on MANTRA, furthering our mission to bring institutional-grade assets to the world. This yield-bearing <a rel="dofollow" title="vault" href="https://thebittimes.com/tag/vault.html">vault</a> is an exciting step in our journey to bridge traditional finance and decentralized finance at scale.”</p> <cite>— Nathan Allman, CEO of Ondo Finance</cite> 
 </blockquote> 
 <p class="paragraph">John Patrick Mullin, co-founder and CEO of MANTRA, further commented on the plan to create the most liquid Layer-1 blockchain built specifically for RWAs:</p> 
 <blockquote class="wp-block-quote"> 
  <p class="paragraph">“Enabling Ondo USDY, the market-leading tokenized US treasury product, marks a significant expansion of our ecosystem. Having a fungible interest-bearing base layer of liquidity via USDY is critical to enhancing our on-chain liquidity profile. This cutting-edge product launch is part of MANTRA Chain’s broader strategy to work closely with all leading RWA projects to create the most liquid Layer-1 blockchain purpose-built for RWAs.”</p> <cite>— John Patrick Mullin, co-founder and CEO of MANTRA</cite> 
 </blockquote> 
 <h2 class="wp-block-heading" id="h-the-launch-of-mantra-s-new-blockchain">The launch of MANTRA’s new blockchain</h2> 
 <p class="paragraph">MANTRA’s new blockchain, set to launch later this year, will feature Ondo’s flagship interest-bearing tokenized note, USDY, as its genesis asset.&nbsp;</p> 
 <p class="paragraph">USDY offers holders exposure to short-term US Treasury yields while retaining the utility of stablecoins.&nbsp;</p> 
 <p class="paragraph">Not being registered under the US Securities Act, USDY is not available for sale in the US or to US citizens.</p> 
</div> 
<p>Source: <a rel="dofollow" target="_blank" href="https://thebittimes.com/mantra-debuts-a-new-rwa-savings-vault-with-ondo-tbt91046.html">https://thebittimes.com/mantra-debuts-a-new-rwa-savings-vault-with-ondo-tbt91046.html</a></p>

MANTRA debuts a new RWA savings vault with Ondo

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