Logo of OpenEden USDOOpenEden USDO
Total Value Locked$28.39m

TVL by Chain

XRPL$19.59m

Ethereum$5.83m

Polygon$2.96m

BSC$0.28

Base$0.0007

Arbitrum$0

Key Metrics

Fees (Annualized)$5.52m
Fees 30d$94,410

Ethereum$94,289

Base$121

Fees 7d$23,618

Ethereum$23,590

Base$28

Fees 24h$5,144

Ethereum$5,140

Base$4

Cumulative Fees$7.9m

Ethereum$7.84m

Base$63,548

Revenue (Annualized)$641,969
Revenue 30d$15,894

Ethereum$15,894

Base$0

Revenue 7d$4,867

Ethereum$4,867

Base$0

Revenue 24h$2,533

Ethereum$2,533

Base$0

Cumulative Revenue$856,875

Ethereum$850,888

Base$5,987

Protocol Information

USDO is collateralized by tokenized U.S. Treasury Bills and money market funds (such as OpenEden’s TBILL), from which USDO’s yield is generated. The reserves serve as the foundation for maintaining a minimum 100% collateralization ratio, meaning every USDO token in circulation is fully backed by equivalent assets

Category:RWA

Sub Category: Other Fixed Income

Audits:

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Methodology

TVL: Counts TBILL, USDC, BUIDL and BENJI tokens held in the USDO system wallet on Ethereum, Arbitrum and Base.View code on GitHubFees: All fees from users mint/redeem USDO, yields and management fees from backing assets.View code on GitHubRevenue: Mint/redeem USDO fees and 0.3% annual is charged by the Investment Manager.View code on GitHub

Yields

Pools Tracked4

Average APY3.09%

Competitors

Midas RWA ($117.44m)BackedFi ($7.82m)Sweep ($8,180)BlackRock BUIDL ($3.054b)Ondo Yield Assets ($2.548b)Circle USYC ($3.108b)Tether Gold ($2.9b)Paxos Gold ($1.827b)Centrifuge Protocol ($1.639b)Spiko ($1.204b)