Hydro launches RWA initiative with support from Ondo Finance

• Hydro Protocol’s RWA initiative launches with the integration of Ondo Finance and Injective, enhancing DeFi opportunities.
• USDY Yieldcoin is integrated into Injective, offering a 5.3% APY and strengthening Hydro Protocol’s Real Yield Asset strategy.

The Hydro Protocol has officially spear its Real World Asset (RWA) program in partnership with Ondo Finance and Injective.

This is a significant milestone as Hydro users can now access Ondo Finance’s USDY, which has been integrated with Injective, as we had previously done. reported. It makes Hydro the first LSDFi and RWA management protocol on the Injective network.

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USDY Integration Strengthens Hydro Protocol’s RYA Strategy in the Injective Ecosystem

USDY is a short-term US Treasury-backed yieldcoin with a stable, high-quality yield of 5.3% APY. This financial product is available to non-US individual and institutional investors and has similar utility to stablecoins.

The addition of USDY to Injective allows protocol dapps like Hydro Protocol to implement an RWA strategy, establishing USDY as a key component of Hydro’s Real Return Asset (RYA).

RYA is an important financial product in Injective’s LSDFi ecosystem, connecting real-world assets (RWA) and Crypto World Assets (CWA). The inclusion of USDY in the Hydro protocol is expected to significantly enhance the utility and yield potential of RYA, further solidifying Hydro’s position in the market. The Hydro team said:

“Hydro Protocol is making significant progress in the RWA space. We are already engaged in numerous discussions with various RWA projects to ensure a maximum RWA strategy on Injective and Hydro Protocol. More projects are certainly coming.”

At the time of writing, the price of ONDO tokens is trading around $0.9563down 3.79% over the past 24 hours, and maintains a multi-month bearish structure with a market capitalization of $1.329 billion.

Analyst Predicts ONDO Coin Price Rise

Despite the drop, popular analyst Captain Faibik has identified a possible bullish trend for ONDO coin on a 12-hour chart. He highlighted that ONDO is on the verge of breaking out of a descending channel pattern, with a successful breakout expected to result in a +50% bullish rally.

Source: Captain Faibik on X

In addition, the CNF has previously revealed that Injective had integrated the Mountain Protocol, introducing USDM, a native yield-bearing stablecoin backed by Treasuries. USDM generates 5% annual yield and offers a variety of real-world asset use cases within the Injective ecosystem.

This integration demonstrates Injective’s commitment to expanding its financial products and creating strong return potential for its clients.

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