Ondo Finance, a renowned platform offering high-quality financial services for institutions, has announced its latest integration. According to the company, it is integrating Dolomite, a next-generation margin trading and money market platform that supports Polygon zkEVM, X Layer, Mantle, and Arbitrum. This new initiative was disclosed through the platform’s official social media channels.
“We are excited to welcome @Dolomite_io to the Ondo Ecosystem with the integration of $USDY on the @0xMantle deployment of its money market and margin trading protocol!” Ondo Finance tweeted.
Dolomite serves as a money market and margin trading protocol catering to Arbitrum, Mantle, X Layer, and other platforms. The collaboration aims to enhance the utility of $USDY, providing unique opportunities for lenders and traders alike.
In a recent announcement, Ondo Finance expressed enthusiasm for this integration. This move follows the successful integration of $USDY on Mantle for margin trading and the money market. According to the company, users of the Mantle deployment will benefit significantly from this development, particularly in terms of exclusive benefits for $USDY lenders on the Dolomite platform.
Katie Wheeler from Ondo Finance commented on the significance of this integration, emphasizing that it enhances the utility of the $USDY token and improves capital efficiency for Dolomite lenders by providing multiple sources of yield.
CoreyCaplan.eth, the creator of Dolomite, also shared their perspective on this collaboration. They highlighted the inclusion of the $USDY coin as a significant milestone, anticipating that it will unlock exclusive opportunities for customers. The creator emphasized the $USDY token’s role as a foundational asset in decentralized finance, underscoring ongoing efforts to enhance its utility through advanced money market solutions.
Overall, the integration between Ondo Finance and Dolomite represents a strategic move to expand $USDY’s utility within the decentralized finance ecosystem, leveraging cutting-edge financial protocols to provide enhanced benefits to users.