Ondo Finance launches an RVA campaign on Navi Protocol to adopt adoption USDI

Ondo Finance has launched a campaign at the Sui Navi Protocol to launch the adoption of its yield that has StableCoin USDI.

Ondo finance (Indicate) is launched new campaign In cooperation with the Navi protocol, with the aim of encouraging more people to use their Stablecoin USDI, tokenized American coin for the shin yield on TDO finance. Run from 26. February to 12. Marta, the initiative offers participants a chance to earn a rewards delivering liquidity for USD (depositing it in NAVI protocol).

Participants earn points based on their liquidity contributions, making them fulfilled the conditions for award on the awards that will be paid in NAVK and USDI. The campaign has a total prize pool of $ 35,000. The top 100 participants will share $ 10,000, while the extra $ 25,000 will be distributed among 2,500 more winners.

USDI is a special kind Stablecoin created Ondo finance which earns everyday interest. Unlike regular stableCoins like Tether (USDTT) or a coin USD (USDC), who only hold their value, USDI support US state records and bank deposits. Since the support funds are supported, it automatically generates the yield of its owners. This effectively makes an American alternative to the chain to cash cash in a savings bank account or investing in monetary funds.

Since USA earns the yield without having to stay or lock, it becomes an attractive stablecoin alternative in Defi As allows users to earn the yield without taking on crypt’s risks of volatility. Since it operates on the block, it can also be used in definites for lending and borrowing.

USDI was the first introduced On Sui Blocchain in March 2024. years. Later expanded to other networks, launching cosmos ecosystem through noble in July 2024. years, Aptos Blockcain in 2024. And Arbitruum (Bow) in August 2024. Earlier in February. launched on the starry (KLM) A network in the coming months.

Except NAVI protocolSeveral other protocols on SUI, namely, after finance, Cetus, Typus finance, protocols, turbama and Kriyadek, have an integrated NASDI.

Between other operating platforms, USDI is integrated on Bojan and injector (Int), offering users of seamless exposure to USDI’s returns. Drift protocol enabled Users to use USA as collateral for continuing trading in Solana (Salt).

Toward CoinmarketcapFrom 26. February, USA has a market capitalization of about 382 million dollars.