Ondo Finance · interactive mechanism simulation

US investors mint gated OUSG (KYC allowlist checked every transfer); non-US investors mint permissionless USDY. Both are backed by short-term US Treasuries and accrue yield; OUSG can be posted as collateral on Flux Finance to borrow stablecoins. Try blocking a non-allowlisted transfer.
US investor qualified purchaser OUSG mint KYC allowlist: ON Non-US investor global, no KYC gate USDY mint permissionless transfer US Treasuries backing pool 4.8% APY Flux Finance 0 OUSG collateral Borrower draws stablecoins
OUSG TVL
0.0 $M
USDY TVL
0.0 $M
Flux utilization
0%
Yield paid (cum.)
0.0 $M
Parameters — edit me
4.8%
1.6/s
70%
35%
Controls

Illustrative simulation. Approximates Ondo's mechanism (compliance-gated OUSG vs. permissionless-but-non-US USDY, Treasury-bill backing, Flux Finance collateralized lending) but flows, prices and timing are randomized for visualization — not live onchain data. The gated-transfer button dramatizes OUSG's allowlist check rejecting a non-approved address, the composability tax that necessitated Flux Finance. Part of The Onchain Experiment Atlas.