Ondo Yield Assets · Noble

USDY (US Dollar Yield)

Overview

The Ondo Yield Assets USDY pool on Noble is a single-asset stablecoin lending position where suppliers earn variable interest on US Dollar-denominated deposits. The protocol generates yield by matching borrowing demand against pooled liquidity and distributing the resulting interest to lenders. Total APY stands at 3.55%, with no additional reward component. Both the 7-day and 30-day trends are flat, indicating stability in recent performance. This rate aligns with the 30-day mean of 3.55%. TVL is $15M, with no reported change over the past week. The primary risk for this pool involves depeg risk on the underlying stablecoin. Given its stablecoin nature and the protocol's focus on real-world asset-backed lending, liquidity depth remains a key factor in assessing overall stability.

Composed 2026-05-20 from the structured data above. See methodology for the full pipeline.

Risk profile

• Smart contract risk

  Funds are deposited into a smart contract. A bug or exploit in the contract could lead to total loss. Audits reduce, but do not eliminate, this risk. Check the protocol page for audit history.

• Depeg risk

  The pool is built on stablecoins. A depeg of any underlying asset would impact returns and principal.

• Yield variability

  Current APY is 3.55%; 30-day mean is 3.55%. Yields can change as TVL and incentive emissions change.

• DefiLlama yield prediction

  DefiLlama's model classifies this pool's yield as "Stable/Up" with 69% confidence based on historical patterns.

These notes are derived from the pool's structured data, not editorial advice. See our methodology.