Wrap or unwrapWrap or unwrap
Ondo · Acts onchain
Wraps USDY into rebasing rUSDY, or unwraps rUSDY back to USDY, at the oracle's redemption price. Wrap approves and calls rUSDY's wrap; unwrap calls its unwrap. USDY accumulates value in its price, while rUSDY holds a dollar-stable balance that rebases instead. Reach for it when a following step needs a dollar-denominated balance, or to return to USDY before a transfer to a venue that does not handle rebasing tokens.
On other protocols · 3
