- Ondo U.S. Dollar Yield is a tokenised fund. It is smart contract-based, but may not offer all features of vaults. Read more about the differences between vaults and tokenised funds here.
Ondo U.S. Dollar Yield
View on Ondo Update infoU.S.-dollar yield strategy backed by short-term Treasuries, Treasury ETFs and bank deposits
Share token price
3M return (ann)
▲ 3.6%*
Total value locked
$1.1B
peak $1.1B
3M Sharpe
24.8
3M volatility
0.3%
Transaction status
Deposits Private — Ondo subscriptions, redemptions and token transfers require issuer onboarding, eligibility and compliance checks
Redemptions Ondo subscriptions, redemptions and token transfers require issuer onboarding, eligibility and compliance checks
Other metrics
3M Sharpe
24.8
3M volatility
0.3%
Age
2.8 years
0.0%
Protocol Technical Risk
Lockup period
Unknown
Denomination
Returns and fees
| 1M | 3M | 6M | 1Y | Lifetime | ||
|---|---|---|---|---|---|---|
| Gross Gross | 3.6% | 3.6% | 3.6% | 3.8% | 4.5% | |
| Performance fee Performance | No data | No data | No data | No data | No data | |
| Management fee Management | No data | No data | No data | No data | No data | |
| Deposit fee Deposit | No data | No data | No data | No data | No data | |
| Withdrawal fee Withdrawal | No data | No data | No data | No data | No data | |
| Net Net | --- | --- | --- | --- | --- |
Internalised fees are reflected in the share price. One-time deposit and withdrawal fees may still affect net returns.
About the vault
Ondo U.S. Dollar Yield is a permissioned, yield-bearing tokenised note backed by short-term U.S. Treasuries, Treasury fund investments and bank demand deposits. Its redemption price increases as yield accrues and is published through Ondo's on-chain oracle.
Notes
Ondo U.S. Dollar Yield (USDY).
- Curator: Ondo Finance.
- Vault strategy: A permissioned tokenised note backed, depending on issuance date, by short-term U.S. Treasuries, short-term Treasury ETF shares or bank demand deposits.
- NAV reporting: USDY is an accumulating token: its redemption price increases as yield accrues. Historical NAV is read from Ondo's published on-chain Redemption Price Oracle.
- Investor access: USDY is available to qualifying non-U.S. individual and institutional investors. Transfers, subscriptions and redemptions require issuer onboarding and compliance checks.
- Fund page: Ondo USDY.
Curated by Ondo Finance
This tokenised fund is curated by Ondo Finance.
Ondo Finance provides tokenised investment products and infrastructure for eligible investors.
Running on Ondo protocol
This tokenised fund is running on Ondo:
Tokenised U.S. dollar yield and short-term government-securities products for eligible investors.
Performance metrics
| Metric | Week | Month | 3 months | 6 months | Year | Lifetime |
|---|---|---|---|---|---|---|
| Ranking overall | #516 | #569 | #594 | #572 | #614 | #552 |
| Ranking on Ethereum | #278 | #323 | #340 | #331 | #367 | #314 |
| Ranking on Ondo | #1 | #1 | #1 | #1 | #1 | #1 |
| CAGR (net) | --- | --- | --- | --- | --- | --- |
| CAGR (gross) | 3.6% | 3.6% | 3.6% | 3.6% | 3.8% | 4.5% |
| Returns (net) | --- | --- | --- | --- | --- | --- |
| Returns (gross) | 0.1% | 0.3% | 0.9% | 1.7% | 3.8% | 12.8% |
| Sharpe ratio | 562,836.03 | 26.90 | 24.84 | 21.73 | 23.59 | 28.67 |
| Max drawdown | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Volatility | 0.0% | 0.2% | 0.3% | 0.4% | 0.6% | 0.7% |
| TVL low | $1.11B | $1.10B | $181.24M | $148.96M | $148.96M | $258.29K |
| TVL high | $1.11B | $1.11B | $1.11B | $1.11B | $1.11B | $1.11B |
| Share price start (USD) | 1.14125 | 1.13874 | 1.13212 | 1.12243 | 1.09987 | 1.0126 |
| Share price end (USD) | 1.14201 | 1.14201 | 1.14201 | 1.14201 | 1.14201 | 1.14201 |
| Period data availability | 8 days | 31 days | 92 days | 182 days | 374 days | 1010 days |
| Period start | 2026-07-31 | 2026-07-08 | 2026-05-09 | 2026-02-08 | 2025-08-07 | 2023-11-02 |
| Period end | 2026-08-07 | 2026-08-07 | 2026-08-07 | 2026-08-07 | 2026-08-07 | 2026-08-07 |
Technical Details
| Vault name | Ondo U.S. Dollar Yield |
| Vault address | 0x96f6ef951840721adbf46ac996b59e0235cb985c |
| Chain | |
| Denomination | |
| Exchange rate used | 1 USD = $1.0000 |
| Share token | USDY |
| Protocol | Ondo |
| Homepage | View vault on protocol website |
| Current TVL | 1,109,577,764.856 USD |
| Peak TVL | 1,114,825,943.517 USD |
| Last share price | 1.142 USD |
| Last updated | |
| Last updated block | 25,701,764 |
| Data refreshed at | |
| Data starts | 2023-11-02 00:00:00 UTC |
| Fee mode | Internalised (performance fee taken from closed positions) |
| Fees internalised | Yes |
| Features | ondo_like |
| Flags | tokenised_fund |
| Whitelist status | Whitelisted |
| Deposit status | Ondo subscriptions, redemptions and token transfers require issuer onboarding, eligibility and compliance checks |
| Redemption status | Ondo subscriptions, redemptions and token transfers require issuer onboarding, eligibility and compliance checks |
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