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Injective Integrates with Ondo Finance

Twitter icon  •  Published 5 months ago on July 23, 2024  •  Hassan Maishera

The Injective team announced via X on Monday that Ondo Finance is officially integrated with Injective.

Injective Integrates with Ondo Finance

The Injective team announced via X on Monday that Ondo Finance is officially integrated with Injective. Ondo Finance is an institutional-grade finance DeFi platform. It is bringing its tokenized treasury instrument, USDY, into the Injective ecosystem while enabling new institutional and RWA use cases for $INJ.

Thanks to this integration, USDY can now be utilized across applications built on Injective. This increases capital efficiency while integrating embedded tokenized treasury offerings into Injective dApps such as decentralized exchanges and money market platforms.

Injective is an open, interoperable layer-one blockchain for building powerful DeFi applications. Injective uniquely provides plug-and-play financial infrastructure primitives, such as a high-performance on-chain decentralized exchange infrastructure, decentralized bridges, oracles, and a composable smart contract layer with CosmWasm. INJ is trading at $25.18, down 4% in the last 24 hours.

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Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.