MANTRA Chain
  • Introduction
    • Overview
    • Why MANTRA Chain
    • Building on MANTRA Chain
    • MANTRA RWA Suite
  • Using MANTRA Chain
    • MANTRA Chain Wallet Setup
      • Connect to Testnet
      • Connect to Mainnet
      • Testnet Faucet
    • MANTRA Zone
    • MANTRA Bridge
      • MANTRA Bridge User Guide
      • MANTRA Bridge FAQs
    • Stake
      • Stake User Guide
      • Stake FAQs
    • MANTRA Swap
      • MANTRA Swap User Guide
      • Liquidity Pools User Guide
      • MANTRA Swap FAQs
    • Claiming Journey
      • Check If You're Eligible
      • Claiming Journey User Guide
      • I've redeemed my rewards, now what?
    • Chakra Pool
      • What can I do with my USDY
      • Chakra Pool Deposit Guide
      • How KARMA works for Chakra Pool
        • How much KARMA do I get for depositing into Chakra Pool?
        • Can I make multiple deposits and how will KARMA be calculated then?
        • My KARMA is not updated even though I make multiple deposits?
        • Will I get daily KARMA for my deposit on USDY Chakra Pool launched on Hongbai earlier?
      • Chakra Pool FAQs
    • MANTRA Zone Leaderboard
      • MANTRA Zone Leaderboard User Guide
        • Mission Guides
          • Pledge your OM 🕉️
          • Claim OM Staking Rewards
          • OMly Drip 💧
      • MANTRA Zone Leaderboard FAQs
  • Developing on MANTRA Chain
    • Getting Started
      • DuKong Testnet
      • Install Prerequisites
      • Setting Up Dev Environment
      • Compiling a Contract
      • Deployment and Interaction
    • CosmWasm Quick Start Guide
      • CosmWasm Contracts
      • Understanding CosmWasm File Structure
    • DAPP Tooling
      • Cosmos SDK
      • Important Libraries
      • Developer Resources
    • Developer FAQs
  • MANTRA Smart Contracts
    • Overview
    • MANTRA Dex
      • 🚢Deployments
      • 📚Common Types
      • 💰Fee Collector
      • ⌛Epoch Manager
      • 🌊Pool Manager
      • 🎁Farm Manager
    • Claimdrop Contract
    • Audits
  • Node & Validator Operations
    • Overview
    • Node Setup & Deployment
      • Node System Requirements
      • Running a Node
      • How to run Mantrachain with Systemd
      • Validator Nodes
        • Connect sidecar
    • Validator Architecture Recommendations
      • Secure Validator
    • Governance
      • Draft a Proposal
        • Text Proposal
        • Community Spend Proposal
        • Software Upgrade
        • Cancel Software Upgrade
      • Submitting a Proposal
      • Verifying your transaction
      • Depositing funds
      • Voting on a Proposal
    • Download nodes snapshots
  • MANTRA Chain with EVM (Alpha)
    • Getting Started on OMSTEAD Testnet
  • Setup Instructions
  • Using Foundry
    • Deployment with Foundry
  • Using Hardhat
    • Deployment with Hardhat
  • Mainnet OM Information
    • Background
    • Updated OM Tokenomics
    • OM Distribution Updates
    • Inflation & Vesting Schedule
    • Legacy tokens to mainnet staking tokens
  • Appendix
    • Frequently Asked Questions
      • General FAQs
        • What is MANTRA Chain?
        • What are the key features/ modules available to builders on MANTRA Chain?
        • What support is available for developers and validators that join the ecosystem
        • Where can i find MANTRA Social Accounts & Communities?
        • How can an Issue or a bug be reported?
        • How can I identify official MANTRA communication and websites?
      • Validator FAQs
        • What does a new validator’s journey look like?
        • What are my key responsibilities as a validator?
        • What is uptime and how is it maintained?
        • What are the hardware requirements?
        • How to get validator keys?
        • How can I connect a validator from an older testnet to the newest testnet?
        • How do I create a backup snapshot of a node?
        • How do I restore a node from a snapshot?
        • What are the different states a validator can be in?
        • How do I unjail a validator?
        • How do I edit a validator's description?
        • What is self-delegation?
        • Is there a minimum amount of OM that must be delegated to be an active validator?
      • Developer FAQs
        • What is MANTRA Chain, and how does it utilize the Cosmos ecosystem?
        • How does MANTRA Chain ensure interoperability with other blockchains in the Cosmos ecosystem?
        • What is the Cosmos ecosystem, and how does it differ from other blockchain platforms?
        • Which programming languages are commonly used for developing on the Cosmos ecosystem?
        • How do I get started with development on the Cosmos ecosystem?
        • What are Cosmos SDK and Tendermint, and how do they work together?
        • What are Cosmos zones and how do they interact?
        • How do I build and deploy smart contracts on the Cosmos ecosystem?
        • How do I interact with Cosmos chains and applications programmatically?
        • What is the best way to learn about developing for the MANTRA Chain and Cosmos ecosystem?
      • Hongbai FAQs
        • Where do I sign up for Hongbai?
        • Why do I need to provide 2 wallets during signup?
        • How can I Login?
        • What should I do if I forgot my password?
        • What can I do if i forget my registered email?
        • Where do i verify my email?
        • How to connect my Metamask wallet?
        • Is Hongbai app a testnet or live app?
        • Can I change my wallet ?
        • Error “invalid user credentials“
        • Why can i not Invest?
      • How to Guides
        • Install Keplr Wallet
        • Keplr and Ledger
        • Add DuKong Testnet to Keplr
        • Get Tokens from Faucet
        • Track activity on Leaderboard
      • More Help & Support
      • MANTRA Zone FAQs
        • MANTRA Zone General FAQs
          • What wallets are currently supported on the MANTRA Zone?
          • How do I connect my wallet to the MANTRA Zone?
          • How do I copy my connected wallet’s address?
          • How do I connect a different wallet to the MANTRA Zone?
          • Can I disconnect my wallet from MANTRA Zone?
          • How can I resolve seeing multiple entires of the same amount of testnet OM in my Keplr wallet?
          • The question that I have is not covered by the FAQ, what should I do?
        • MANTRA Bridge FAQs
          • What is MANTRA Bridge?
          • Why should I use the MANTRA Bridge?
          • Is there a fee for using the MANTRA Bridge?
          • Do I have to pay gas fees?
          • What tokens will I receive?
          • How does the migration process work?
          • How long should the MANTRA Bridge order take?
          • How can I track the status of my MANTRA Bridge order?
          • What happens to my ERC20 OM tokens once I use the MANTRA Bridge?
          • Which network can I use on the MANTRA Bridge?
          • What should I do if I see ‘Wrong network’ error on the app?
          • Will there be a two-way bridge in the future?
          • My MANTRA Bridge order is stuck on Ethereum?! How can I fix this?
          • Who can I contact for support during the migration process?
          • Which EVM chains can I bridge from?
          • Are the OM tokens I receive wrapped tokens or the native MANTRA Chain OM tokens?
          • Is the MANTRA Bridge a non-custodial solution?
          • What happens if the MANTRA Bridge is hacked or goes offline?
          • Are there any risks associated with using the MANTRA Bridge?
          • How does the MANTRA Bridge ensure the security of my tokens during migration?
          • Can I use my existing Ethereum wallet to access the MANTRA Bridge?
          • How does wallet linking and airdrop participation work?
        • Stake FAQs
          • What is Stake?
          • What are validators, and how do I choose one?
          • What rewards can I earn by staking $OM?
          • How are staking rewards calculated?
          • Can I choose to unstake my $OM coins?
          • What is the unbonding period?
          • Can I change validators after staking $OM?
          • Can I stake $OM with multiple validators?
          • Are there any risks involved with staking $OM?
          • Will my rewards gets automatically restaked after redemption?
          • Do I lose my claimable rewards when performing actions with a validator with unclaimed rewards?
          • My wallet is showing a 0 balance even though I have funds. What should I do?
          • How do I know if my $OM is staked?
        • Chakra Pool FAQs
          • What are the Chakra Pool rewards?
          • What is USDY?
          • How do I get the yield from the treasury bonds by holding USDY?
          • Can I change my linked wallet?
          • I don’t remember my linked wallet - what can I do?
          • What are the bonus rewards and where I can see my rewards?
          • How are the USDY rewards calculated and when can I redeem my USDY rewards?
          • How are the $OM rewards calculated and when can I redeem my $OM rewards?
          • How are the $ONDO rewards calculated and when can I redeem my $ONDO rewards?
          • What can I do with my USDY and $OM rewards after redemption?
        • MANTRA Zone Leaderboard FAQs
          • I have someone that wants to participate in the MANTRA Zone Leaderboard but they don’t know how.
          • What does the ⚡icon and ‘Get + x KARMA’ text under the ‘KARMA’ section refer to?
          • The KARMA on the Zone Leaderboard only lists MANTRA Chain wallets, how to check my EVM wallet rank?
          • Which wallet IDs are visible on the Leaderboard Ranking Table?
          • Why are there three different categories for the Leaderboard Ranking Table?
          • How can I get the Leaderboard Ranking Table to show where my connected wallet ranks currently?
          • How can I search where a specific wallet ID ranks in the Leaderboard Ranking Table?
          • How can I search what wallet ID currently ranks in a specific ranking number?
          • My KARMA and/or multiplier amount did not update on the Leaderboard Ranking Table, why is that?
          • What is the calculation for the KARMA?
          • I’m unable to see the OMly Faucet on my Keplr/Cosmostation wallet
          • I'm unable to see my OMly Faucet Claim transaction on the explorer
          • The question that I have is not covered by the FAQ, what should I do?
        • MANTRA Swap FAQs
          • What is Swap?
          • How can I swap?
          • I have connected my EVM wallet, but I’m still unable to swap. Why?
          • Where can I view my past transactions?
          • Why is my swap button disabled?
          • Why can’t I swap with a slippage more than 5%?
          • What is Exchange Rate?
          • How do I get OM tokens in my wallet?
          • How do I get other tokens in my wallet?
          • Will the swap fee be deducted from my sell or buy token?
          • Why can’t I see the balance of tokens in my wallet but on the Swap panel?
          • How do I add liquidity to a pool?
          • I am unable to provide liquidity to the pool.
          • While adding liquidity, why are the two tokens USD value not equal?
          • How do I withdraw my funds from Liquidity Pools?
          • Why can I not see my tokens for withdrawal?
          • Why can I not remove liquidity?
          • Why is my deposited value of the two tokens changing in my position?
          • Do liquidity pools have a bonding period?
          • What are LP tokens?
          • What can I do with my LP tokens?
          • Why can I not see any LP token balance?
          • I am connected with my MANTRA wallet, but still cannot view my positions?
          • I provided liquidity, but I can’t see my position. What should I do?
          • Why is my transaction not successful?
    • Glossary
    • MANTRA's Incentivised Testnet
      • Testnet Phase 1
      • Hongbai - Testnet Phase 2
  • Third Party Bridges
    • Base Bridge
    • Polygon Bridge
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On this page
  1. Appendix
  2. Frequently Asked Questions
  3. MANTRA Zone FAQs
  4. Chakra Pool FAQs

What is USDY?

PreviousWhat are the Chakra Pool rewards?NextHow do I get the yield from the treasury bonds by holding USDY?

Last updated 5 months ago

USDY (US Dollar Yield Token) is a tokenized note secured by short-term US Treasuries and bank demand deposits. USDY is accessible to non-US individuals in select jurisdictions and institutional investors. It’s designed to combine the accessibility of a stablecoin with the high-quality, US dollar-denominated yield.

MANTRA has partnered with ONDO Finance to issue USDY on the MANTRA Chain mainnet.

If you want to know more about USDY or ONDO please check it out .

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