GRVT works with Ondo Finance to build $100 million USDY positions

The RRVT, a zkSync-based hybrid decentrized trading platform, works with Ondo Finance to set up a USDY position of $100 million in the coming year. The USDY is a monetized security instrument supported mainly by short-term United States Treasury bonds, treasury bonds, ETFs and bank deposits, and currently has an annualized rate of return of about 3.5 per cent. GRVT will hold USDY in its own balance sheet and will transfer its proceeds to GRVT Earth, without the need for the user to hold the token directly. Based on full deployment of $100 million, gross annualization gains amounted to approximately $3.5 million。