Grvt to build $100 million USDY position under Ondo partnership

CeDeFi trading platform Grvt has partnered with Ondo Finance to build a position of up to $100 million in the tokenization firm’s yield-bearing USDY product over the next 12 months. Summary Grvt plans to build a $100 million position in Ondo Finance’s USDY token over the next 12 months. USDY returns will feed into Grvt Earn’s base rate, allowing users to access the yield without buying or managing the token directly. At USDY’s current APY of about 3.5%, a fully deployed $100 million position would generate roughly $3.5 million in annualized gross yield. The planned allocation would equal about 4.6% of USDY’s current $2.14 billion in assets under management. According to Grvt, USDY will be integrated into Grvt Earn, where the tokenized Treasury product will become another source of returns behind the platform’s existing base yield rather than an asset users need to buy or manage directly. Grvt plans $100 million USDY position Under the arrangement, Grvt will hold and manage USDY on its own balance sheet, while income generated by the position will feed into the single base rate offered through Grvt Earn. The structure is designed to give users access to returns from several sources ...