Ondo Finance

Deposit USDC into Ondo’s USDY or OUSG on Ethereum and subscribe or redeem instantly through Ondo’s on-chain manager.

Ondo Finance is a real-world-asset issuer with two products on yield.xyz: USDY, a general-access tokenized Treasury note, and OUSG, a qualified-access tokenized short-term government bond fund. Both run through the same on-chain instant manager contract for both entry and exit, gated by KYC.

Availability

Product	Network	Input token	Position token	KYC
USDY	Ethereum	USDC	USDY	Required
OUSG	Ethereum	USDC	OUSG	Required

List the Ondo yields enabled for your project with GET /v1/yields filtered by providers=ondo.

Both products set kycRequired: true and kycMode: external_redirect on their kyc metadata. USDY’s kyc.eligibility metadata sets usPersonAllowed: false and lists an additional investor tier for some jurisdictions. OUSG’s sets usPersonAllowed: true with a qualified purchaser tier. Eligibility is set by the issuer and verified during Ondo onboarding. See RWA KYC for the generic verification flow.

Entering

The enter argument is amount, in USDC. Before building the transaction, yield.xyz checks the wallet against Ondo’s on-chain compliance registry before allowing any action, then enforces a minimum deposit denominated in USD and converted to a USDC amount at the live oracle price; the minimum is returned dynamically in mechanics.arguments. The yield’s status.enter is false while Ondo has subscriptions paused for the product.

Subscribing calls the instant manager’s subscribe function directly: entry settles in a single transaction.

Exiting

Exiting also runs through the instant manager and settles in a single transaction: there is no request, queue, or cooldown. The exit argument is amount, in the position token, subject to a USD-denominated minimum redemption converted at the live oracle price. The yield’s status.exit is false while Ondo has redemptions paused for the product.

Rewards and position

Yield accrues in the position token’s price relative to USDC; reward claiming is automatic and there is no claim step. Which fee types you can configure on this yield is listed in mechanics.possibleFeeTakingMechanisms; see Monetization.

Both yields expose investmentSchedule metadata for their processing windows.

Next steps

RWA KYC

Discover KYC requirements and route users through issuer onboarding.

Action lifecycle

Request, sign, and submit enter and exit actions.