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The primary reason for this is their failure to provide clear and compelling value propositions that provide compelling business cases for tokenization. Thus, having an asset supported by various wallets and listed on CEXes is crucial for enhancing accessibility, liquidity, and expanding entry points. Ondo Finance updates the Net Asset Value (NAV) of its fund at the end of each business day, based on the performance of the underlying investments and any fees and/or expenses incurred. After this, the NAV per OUSG token is calculated and the OUSG Price Oracle is updated onchain. If an investor holds the rebasing token rOUSG, the rebase of the rOUSG token is automatically triggered, and the updated balance is reflected in the investor’s wallet automatically. However, OUSG charges a management fee of 0.15%, which will be waived until January 1, 2025.
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Conversions between rOUSG and OUSG, or redemptions, like with USDY, can be made at any time through the web interface. OUSG charges a management fee of 0.15%, which will be waived until January 1, 2025. Conversions between rOUSG and OUSG, or redemptions, like with USDY, can be made at any time for free through the web interface. As will be explained in the later section, USDY is integrated into eight blockchains, including Ethereum, Solana, Aptos, Sui, Mantle, Mantra, Cosmos, and Arbitrum One. It continues to solidify and expand its utility across more than 70 projects (e.g., collateral asset in Drift, a payment method via Sphere, Helio, and Solana Pay, etc.). This year has seen heightened and proactive interest in tokenized real-world assets (RWAs), particularly from institutions.
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