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Ondo Finance has launched a campaign on Sui’s NAVI Protocol to drive adoption of its yield-bearing stablecoin USDY. Ondo Finance (ONDO) has launched a new campaign in collaboration with NAVI Protocol, aiming to encourage more people to use its stablecoin USDY, a tokenized US Treasury yield coin by Ondo Finance. Running from Feb. 26 to March 12, the initiative offers participants a chance to earn rewards by supplying liquidity for USD (depositing it into NAVI Protocol). Participants earn points based on their liquidity contributions, making them eligible for a share of the rewards, which will be paid in NAVX and USDY. The campaign has a total reward pool of $35,000. The top 100 participants will share $10,000, while an additional $25,000 will be distributed among 2,500 more winners. USDY is a special type of stablecoin created by Ondo Finance that earns daily interest. Unlike regular stablecoins like Tether (USDT) or USD Coin (USDC), which just hold their value, USDY is backed by US Treasury bills and bank deposits. Because it’s backed by yield-generating assets, it automatically generates yield for its holders. This effectively makes USDY an on-chain alternative to holding cash in a savings bank account or investing in money market funds. Since USDY earns yield without requiring staking or locking, it’s becoming an attractive stablecoin alternative in DeFi as it allows users to earn yield without taking on crypto volatility risks. Since it operates on the blockchain, it can also be used in DeFi for lending and borrowing. You might also like: US leadership in crypto: The focus is on stablecoins | Opinion USDY was first introduced on the Sui blockchain in March 2024. Later, it was expanded to other networks, launching on the Cosmos ecosystem via Noble in July 2024, the Aptos blockchain in Dec. 2024, and Arbitrum (ARB) in August 2024. Earlier in Feb., USDY also launched on the Stellar (XLM) network in the coming months. Apart from NAVI Protocol, several other protocols on Sui, namely Aftermath Finance, Cetus, Typus Finance, Bucket Protocol, Turbos, and KriyaDEX, have integrated USDY. Among other DeFi platforms, USDY was integrated on BounceBit and Injective (INJ), offering users seamless exposure to USDY’s yields. Drift Protocol enabled users to use USDY as collateral for perpetual trading on Solana (SOL). According to Coinmarketcap, as of Feb. 26, USDY has a market capitalization of around $382 million. You might also like: US leadership in crypto: The focus is on stablecoins | Opinion

$DUKO will surge to 0.001 today as momentum is shifting with major buying intrest around 0.00032. buy now for a good profit. $GUI $NAVX $CGPT $COMAI $BRETT $FMB $SLERF $COMBO $GAME $MUMU $FUD $HIPP $AITECH $MOTHER $CAKE

$NAVX

#SUI is On Fire—Degens, Strap In! 🚀🔥 Since August 5, 2024, $SUI has gone full turbo mode, skyrocketing +800%! 🤯 With $35B DEX volume and a wild $466M in daily volume, it’s not just a moonshot—it’s an orbital takeover. 🌕📈 The Sui Network ecosystem isn’t just growing—it’s mutating into a powerhouse. If you’re still sitting on your hands, now’s the time to wake up and smell the alpha. 😏💸 💬 Are you ready to ape into the #SUI revolution or will you just watch the fireworks from the sidelines? 👀👇 ✨ Degenerate Gems to Watch (because you’re here for the plays, right?): 🦑 #CetusProtocol $CETUS 📚 #DeepBook $DEEP 📛 #SuiNS $NS 💎 #Scallop $SCA 🚀 #NaviProtocol $NAVX 📈 #SuiLendProtocol $SEND 🔵 #Bluefin $BLUE 💨 #TurbosFinance $TURBOS 🦛 #HippoSwap $HIPPO 💧 #Blub $BLUB 🐾 #FUDThePug $FUD ⚡️ #Hsui $HSUI 🎉 #SacabamFun $SCB 🍸 #BeliquorOnSui $LIQ 🐕‍🦺 #SuiPugwif $PUGWIF 🐷 #PiguWorld $PIGU 😂 #Goofy $GOOF 🍡 #MochiBlob $MOCHI 🦎 #Axolon $AXOL ❄️ #LofiYeti $LOFI 🔥 #SuperSuiyan $SUIYAN 🔪 #CHOPonSui $CHOP Degens, this isn’t just a moon—it’s the entire galaxy calling. Don’t get left behind. 🚀 #Crypto #SUItoMars #DegensAssemble

Let’s break down the latest in the crypto world because things are spicy right now. First up, Bitcoin is absolutely flexing on the market with a jaw-dropping price of $94,871. Yup, you read that right, just a hair away from that six-figure mark everyone’s been eyeing. Meanwhile, Ethereum isn’t sleeping either. It’s sitting pretty at $3,455, holding strong and doing its thing. Now, let’s talk about market vibes. The Fear Index is at a sky-high 83, which means everyone’s feeling pretty fearless and bullish right now. BTC dominance is at 59.1%, so yeah, Bitcoin’s still the big boss around here. As for the day’s top movers, the spotlight’s on FAR, which just shot up by a wild 59%. If you had your money there, congrats you’re probably smiling all the way to the bank. On the flip side, NAVX had a rough day, dropping 15%. Not every coin can win, right? Now here’s the real juice: BlackRock, one of the biggest names in finance, just went *hard* on Bitcoin. They bought a mind-blowing $2 billion worth of BTC last week. That’s a huge deal because it’s yet another sign that institutional players are putting serious trust (and money) into the market. When companies like BlackRock make moves like this, it’s like a stamp of approval for crypto. Bottom line? The market’s hot, institutional interest is surging, and Bitcoin’s inching closer to legendary territory. Keep your eyes on the charts. this ride isn’t slowing down anytime soon! $BTC $ETH