What can I do with my USDY

If you’ve claimed your USDY on the MANTRA Chain, here are four ways you can make the most of it:

1. Hold USDY

Holding USDY offers an opportunity to benefit from price appreciation:

• USDY holders receive yield generated from the underlying assets in the form of increasing redemption value. For more information on USDY, please refer to ONDO Finance USDY document here

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2. Provide Liquidity

You can earn swap fees rewards by providing liquidity with USDY:

• On MANTRA Liquidity Pools: Participate in the OM/USDY or USDY/USDC liquidity pool, ideal for all user levels.

  • Here is the user guide on how to provide liquidity on MANTRA Liquidity Pools

• On Osmosis: Participate in the USDY/USDC liquidity pool. However, as it is a concentrated liquidity pool with increased complexity, it is recommended for advanced DeFi users only.

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3. Swap USDY to Other Assets for Small Amounts

For smaller amounts, you can swap USDY for other assets on MANTRA Swap, please make sure to check for slippage and price impact before swapping.

• USDY/USDC Pool: Swap USDY for USDC

• USDY/OM Pool: Swap USDY for OM

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4. Move USDY to Other Chains or Offramp to Fiat

If you’d like to use USDY outside the MANTRA Chain, here are your current options:

4a. Wait for Direct Bridge Support

• ONDO is working on enabling direct bridging for USDY from Noble/MANTRA to other networks. Stay tuned for updates.

4b. Offramp to Fiat

• For larger amounts, you can offramp to fiat through the ONDO USDY primary market:

  1. IBC transfer your USDY to Noble network.

  2. Non-US investors can onboard to the ONDO USDY primary market here.

  3. After that, reach out to ONDO Support at [e-mail] to request redemption.

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Need Help?

For further guidance, feel free to reach out to the MANTRA Chain support team via the following channels:

• Discord

• Telegram