Sir Israel

Tokenized US Treasuries are becoming more useful when they can do more than generate yield. @NysaFinance just launched its first market on @Solana, allowing users to lend USDC and borrow USDC against @Ondo USDY. Let’s break down why this matters. 🧵 USDY gives users exposure to a tokenized asset backed by short term US Treasuries. Nysa is building a lending market around that asset, allowing eligible users to supply USDY as collateral and borrow USDC against it. That creates another way to put a tokenized real world asset to work within DeFi, rather than treating it solely as something to hold. Here's how the market works: → Lending: USDC deposits go through Nysa Curated – RWA Prime, which allocates to the USDY market. → Borrowing: Users deposit USDY as collateral and borrow USDC through Nysa. → Market infrastructure: @Kamino powers the lending market, while @PythNetwork supplies price feeds. Each component has a specific role in making the market function. But the lending side deserves a closer look. Nysa says RWA Prime currently charges 0% fees and offers a deposit based boosted APY that changes as the vault fills. Its published examples range from approximately 100% APY at $25K in deposits to around 70% at $37K, declining toward 12% at the $250K supply cap. Those are changing, incentive driven rates, not guaranteed long term yields. Anyone considering a deposit should examine the current rate, its underlying incentives and the associated risks. The other part of Nysa's approach is curation. In DeFi, users are often asked to trust whoever selected a market or vault. Nysa says its front end makes important information available for inspection, including addresses, historical performance, fees, due diligence, oracle details and changes to markets and vaults. That transparency matters because lending is about more than the advertised APY. Collateral quality, oracle reliability, liquidity and risk management all influence whether a market can remain useful when conditions change. Nysa's longer term ambition is to develop an open standard for onchain curation, where the reasoning and information behind market selection are easier to examine. That is a meaningful direction for RWA lending. Tokenization brings real world assets onchain. Lending markets give those assets another financial use case. Transparent curation helps users evaluate the infrastructure connecting them. Nysa has now put its first market live on Solana. The next thing worth watching is how its lending activity, borrowing demand, risk controls and curation model perform in practice. Explore the live market 👇 app.nysa.finance/