# Ecosystem Partners For USDY on SUI

Published: 2024-03-01T14:18:00.000Z

Tags: USDY, Announcement

URL: https://ondo.finance/blog/ecosystem-partners-for-usdy-on-sui

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Ondo is excited to introduce USDY on the SUI blockchain, opening up opportunities for users on the Sui blockchain to seamlessly buy and use USDY via a diverse selection of decentralized applications. This milestone reflects a concerted effort with leading ecosystem partners such as Cetus, Turbos, Aftermath, Kriya, FlowX, Navi, Scallop, OmniBTC, Bucket, Typus, Supra, and MSafe, all contributing to this achievement.

USDY is designed to offer the convenience of stablecoins coupled with an attractive 5.1% APY, setting the stage for innovative yield farming strategies. With the support of these strategic alliances, Ondo is set to expand USDY's reach within the SUI network significantly.
How to obtain USDY on SUI

Non-US investors can onboard here, or, acquire USDY within the SUI ecosystem. After swapping stablecoins for USDY, holders instantly start earning 5.1% APY backed by US Treasury Bills.

For those looking to get USDY on the SUI blockchain, our partner platforms are the go-to destinations. Available liquidity pools for USDY include:
USDY-USDC pools on Cetus, Turbos, Kriya, and FlowX
USDY-afSUI pool on Aftermath
USDY-USDT on Kriya
OmniBTC provides cross-chain swaps to ease the acquisition of USDY on SUI

You can verify the current price of USDY, as well as find further information, at Ondo's website: 
How to Utilize USDY on SUI

On top of the 5.1% APY yield natively distributed, token holders will soon be able to use USDY tokens across the SUI ecosystem, such as:
Providing liquidity for USDY on your favorite DEX
Navi, Scallop, and OmniBTC will have USDY markets to allow USDY to be posted as collateral
Bucket will accept USDY as collateral for minting their stablecoin, BUCK
Typus is opening option vaults with USDY
More to be announced soon…

Some of these opportunities will benefit from additional rewards.
Oracle Price Feeds

Supra brings two price feeds for USDY on SUI, unlocking use cases where USDY can be used as collateral:
A primary market price feed reflecting the price at which users can buy and redeem USDY from Ondo. 
A secondary market price feed reflecting the price at which USDY is traded across all sources of liquidity both inside and outside of the SUI ecosystem.
Multisigs

Ondo combines the native SUI multisig alongside MSafe to manage the USDY.
Recap on USDY

USDY is the world’s first tokenized note secured by a bankruptcy-remote portfolio of US Treasuries. It is accessible to non-US individual and institutional investors and is designed to combine the accessibility of stablecoins with high-quality, US dollar-denominated yield. Key features include:

Broadly Accessible: Tokenized loan that can trade globally in secondary markets to non-US investors

Yield-Bearing: Accrues a variable interest rate, adjusted monthly by the issuer. Yield accrues in the form of a redemption value that increases over time

Daily Liquidity: Non-US investors can both mint and redeem USDY on a daily basis

High-Quality Collateral: Secured by a portfolio of short-term US Treasuries under control agreements

Compliant with Regulations: Issued under a continuous Reg S offering to offshore investors with best practices KYC/AML/CFT procedures

Bankruptcy-Remote: Assets designed to be ring-fenced from a hypothetical Ondo bankruptcy