How and where to buy USDy (USDY) cryptocurrency
The USDy tokens is hard to find, due to a shortage of trading platforms which offer it. The 1 exchange offer 1 pair: 0X45D4.../0X8AC7.... Full details, including price prediction, instructions and pairs is located above.
Where to buy USDy
Step 1You need an account with a cryptocurrency exchange that supports Usdy coin. All of them provided on our site. Create it, if you don't already have it or login with your credentials.
Exchanges
| Name | Fee | Trust | DeFi | Volume | |
|---|---|---|---|---|---|
|
ApeSwap | 0.3 / 0.3 | MEDIUM | No | $75 |
Transfer or purchase with peer-to-peer trading this coin: 0X8AC7....
Step 3Switch to spot trading on your exchange and type the coin name in search form. Select from available trading pairs, then set order and push Buy USDY button.
Congratulations!
By pushing buy, the Usdy will be available on your account on the exchange. You need to know that just moving your coins from trading platform to separate crypto wallet such as Trezor Model T or Ledger Nano, you can improve protection of your finances. It's not only cut your risk if your crypto exchange gets hacked, but if you move to a “cold,” or offline, wallet, your Usdy coin becomes protected assets. Only flaw is, usually have to pay a small fee to transfer your coins from the crypto exchange.
What is USDy
USDy is a key component of the YSL.IO ecosystem, designed to maintain price stability and ensure sustainable liquidity growth. The protocol features a unique Price Stability Model and an autonomous USDy-USDC Treasury-Owned Liquidity generation mechanism, which together help counteract selling pressure and increase liquidity. The USDy Buyback and Burn (UBB) mechanism activates every 4 epochs if the USDy-USDC pool price falls below $0.95. During UBB activation, a portion of the tax from every YSL, xYSL, bYSL, and USDy trade, along with 15% of every HydraVault deposit, is used to purchase and burn USDy. This reduces the USDy supply and increases its price, benefiting USDy holders. Additionally, the USDy Incentive Buyback (UIB) mechanism offers a 25% incentive to purchase YSL while actively reducing the USDy supply. During UIB activation, the protocol performs an automated buyback and burn of USDy using the USDC received from YSL purchases
Video Review
What is Ondo US Dollar Yield (USDY) Coin | Review About USDY Token
Statistics and Externals
Term of hash algorithms not applicable to Usdy cryptocurrency.
Price and supply
The current total supply is 0, with a circulating supply of 0 USDY as of Nov 2024. The USDy maximum amount of coins that will ever exist is 234692870.
The price of Usdy cryptocurrency is $1.0621 as of 04:13 AM. The price change on 1.0009% over the past 24 hours. The recent price action left the token's market capitalization at 0 united states dollars. Thus far past 30 days, the USDy has a change of 1%.
FAQ
What crypto exchange can I buy Usdy token?
USDy crypto can be purchased from 1 exchange. The list includes: ApeSwap.
Is USDy crypto a good investment?
The Usdy crypto has a high risks of value drop. Because of high volatility of all Blockchain world you bear in mind: any cryptocurrency has a possibility price to crash to zero, you can lose all of your invested funds and learn the risks before you start trading. But on the other hand of that investing in crypto assets is possible extremely profitable.
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About the author
Qayyum Rajan, CFA is a fintech entrepreneur with multiple exits. He started his startup and blockchain career in 2017 building software to automate securities issuance on Ethereum, and never stopped building.
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