Unveiling the Debut of Ondo US Dollar Yield (USDY) on Helix: A Comprehensive Guide to Trading on the Premier On-Chain Crypto Exchange
Introduction:
The USDY/USDT spot market has officially landed on Helix, marking a significant milestone in the crypto space. Helix, the decentralized derivatives exchange built on Injective, now offers users the opportunity to engage in USDY trading with market and limit orders. In this article, we delve into the world of Ondo Finance, the brains behind USDY, the benefits of trading on Helix, and a step-by-step guide on how to navigate the USDY/USDT spot market.
**Ondo Finance and USDY: Revolutionizing Financial Services**
Ondo Finance is on a mission to revolutionize financial services by enhancing safety, efficiency, and accessibility through institutional-grade on-chain offerings. Comprising a technology arm dedicated to developing on-chain financial software and an asset management arm creating and managing tokenized products, Ondo Finance is a trailblazer in the space.
USDY, the world’s first tokenized note secured by US Treasuries, stands as a testament to Ondo’s commitment to innovation. Offering accessibility and utility akin to stablecoins while providing a yield, USDY taps into the growth of real-world assets on the blockchain. The market capitalization of real-world assets has skyrocketed from $100 million to over $704 million since the beginning of 2023, with Ondo at the forefront of this transformative journey.
*Disclaimer:* It’s important to note that USDY Tokens are not being offered or sold in the United States or to U.S. persons. Additionally, these tokens are not registered under the Securities Act of 1933, presenting certain limitations on their transfer.
**Why Trade USDY on Helix?**
Helix distinguishes itself as the only truly decentralized derivatives exchange, boasting a myriad of upgrades and advanced features. Users can leverage Helix for a seamless trading experience with trading bots, advanced order types, a new Swap interface, trading histories, and reward tracking. Helix operates as a crypto cross-chain trading gateway with zero gas fees, robust security, and lightning-fast speeds.
As the first platform to support the USDY/USDT spot market within the Cosmos ecosystem, Helix introduces maker fee rebates and novel ways to earn with every trade. The USDY-USDT Market on Helix comes with specific details, including base and quote assets, price tick size, quantity step, trade and earn multiplier, fees, and 24/7/365 trading hours.
**How to Trade USDY/USDT on Helix: A Step-by-Step Guide**
Trading the USDY/USDT spot market on Helix involves a few key steps. Users can choose from three options to deposit assets to Injective: bridging USDY from Ethereum, bridging USDT from Ethereum, or onboarding with fiat.
*Option 1: Bridge USDY from Ethereum to Injective*
. — Go to Injective Bridge and connect your wallet.
. — Select “Ethereum” as the origin source and “USDY” as the token.
. — Enter the amount of USDY tokens to transfer and click “Transfer Now.”
. — Check the USDY balance in your Injective Wallet after the transfer.
*Option 2: Bridge USDT from Ethereum to Injective*
. — Connect your Ethereum wallet on Helix and ensure it has USDT balance.
. — Visit the Account page on Helix and click “Deposit.”
. — Select Ethereum and USDT, set allowance, pay ETH gas fees, and transfer USDT.
. — Check your USDT balance via Injective Wallet after the transaction.
*Option 3: Onboard with Fiat*
. — Choose a fiat on-ramp provider (e.g., Kado, Transak, or Payfura).
. — Select your payment currency, enter the fiat amount, and choose Injective as the network.
. — Follow the instructions to complete the transaction.
. — View USDT or INJ balance on Injective Wallet after the transaction.
*Trading USDY/USDT on Helix*
. — Go to the USDY/USDT spot market on Helix.
. — Buy USDY with USDT or sell USDY to get USDT.
. — Choose between Market or Limit order types.
. — Enter the desired amount, submit the order, and approve it with your wallet.
. — Receive a notification confirming the successful order placement.
**Upcoming Listings and Community Engagement**
Looking ahead, Helix aims to expand its market offerings. Community members can actively propose new assets for listing on Helix using the governance portal on the Injective Hub. With the power vested in INJ token holders through the DAO, the community plays a pivotal role in shaping the dApp ecosystem and bringing new assets to Helix.
Stay informed about upcoming listings by joining Helix on Twitter and Telegram.
**Useful Resources**
For users looking to delve deeper into the Helix ecosystem, various resources are available:
. — How to create your Injective wallet
. — Onboarding onto Injective instantly with fiat
. — Transferring assets to Injective via Injective Bridge
. — A quick guide on how to make a trade on Helix
. — Trading and earning on Helix
. — Earning trading fee discounts by staking INJ
**About Helix**
Helix stands as the premier decentralized crypto exchange, providing access to unlimited crypto assets and perpetual markets with market-leading rebates. Built on Injective, the interoperable layer one blockchain, Helix offers optimal gateway features such as best-in-class security, near-zero fees, lightning-fast speeds, cross-chain capabilities, and a fully on-chain order book.
Connect with Helix on their [Website](https://helixapp.com/), [Telegram](https://t.me/helix_exchange), and [Twitter](https://twitter.com/helix_exchange).
**About Injective**
Injective is a lightning-fast interoperable layer one blockchain optimized for building premier Web3 finance applications. Developers benefit from plug-and-play modules, creating unparalleled decentralized applications (dApps). INJ, the native token powering Injective’s growing ecosystem, has garnered support from industry giants like Binance and prominent investors such as Jump Crypto, Pantera, and Mark Cuban.
Stay updated with Injective on their [Website](https://injectiveprotocol.com/), [Telegram](https://t.me/InjectiveProtocol), [Discord](https://discord.gg/4U9G5M), [Blog](https://injectiveprotocol.com/blog), [Twitter](https://twitter.com/InjectiveLabs), [YouTube](https://www.youtube.com/c/InjectiveProtocol), [Facebook](https://www.facebook.com/InjectiveLabs), [LinkedIn](https://www.linkedin.com/company/injective-protocol), [Reddit](https://www.reddit.com/r/injective/), [Instagram](https://www.instagram.com/injective/), and the [Orbit Newsletter](https://injectiveprotocol.com/orbit).
**About Ondo Finance**
Dedicated to enhancing safety, efficiency, and accessibility in financial services, Ondo Finance operates with a technology arm focused on developing on-chain financial software and an asset management arm creating and managing tokenized products.
For more information about Ondo Finance, visit their [Website](https://ondofinance.io/).
