OpenEden USDO
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Protocol TVL
Fees & Revenue
Chain Fees Distribution
Revenue Breakdown
About OpenEden USDO
USDO is collateralized by tokenized U.S. Treasury Bills and money market funds (such as OpenEden’s TBILL), from which USDO’s yield is generated. The reserves serve as the foundation for maintaining a minimum 100% collateralization ratio, meaning every USDO token in circulation is fully backed by equivalent assets
Description sourced from DeFiLlama's protocol metadata; teams submit their own copy when listing.
How OpenEden USDO's TVL is measured
DeFiLlama publishes the exact rules used to aggregate on-chain balances into the headline TVL figure shown on this page. The methodology below is the team's own source-of-truth description.
Counts TBILL, USDC, BUIDL and BENJI tokens held in the USDO system wallet on Ethereum, Arbitrum and Base.
If a contract or vault isn't in this list, its balance does not contribute to the TVL displayed on Mantapex or DeFiLlama.
OpenEden USDO codebase lineage and protocol family
OpenEden USDO is published as a versioned release inside the Openeden protocol family. Releases inside the same family typically share governance, brand, and large parts of the audit history, but each version can run materially different contract logic — a release labelled v2 or v3 is not just a UI refresh. Newer versions inside a family typically launch with their own audit cycle and parameter set, so do not assume the previous release's safety record carries over without checking the linked audit reports.
Fork lineage and parent-protocol relationships are tracked by DeFiLlama for security and audit-history attribution; a fork inherits the upstream design but not necessarily the upstream audits or governance.
Security & Audits
Parent Protocol
OpenEden USDO is a versioned release inside a larger protocol family. View the parent for combined TVL and all sibling versions.
OpenedenOpenEden USDO Timeline
Major events flagged by the DeFiLlama community — protocol launches, exploits, governance changes, and incentive programs.
- Apr 4, 2025Listed on DeFiLlama
Protocol Profile
OpenEden USDO operates in the RWA category of DeFi. It is deployed across 6 chains, including Ripple, Ethereum, Polygon, Binance and 2 other chains. The codebase has been independently audited (1 report on file).
TVL Distribution by Chain
TVL spans 5 chains across the deployment. See the breakdown below for per-chain values.
Supported Chains
Protocol Footprint
OpenEden USDO runs a multi-chain deployment, with smart contracts live on 6 networks. Roughly 100% of its on-chain value sits on just three networks (Ripple, Ethereum, Polygon), so a fault on any one of them would affect a large slice of users. Only one audit report is currently listed; users should weigh that against the protocol's TVL before depositing significant amounts.
Official Resources & Links
Verified external resources for OpenEden USDO — use these to read the source code, follow governance discussions, or cross-check on-chain data against the original team's channels.
Other RWA protocols on Mantapex
OpenEden USDO is one of 7 RWA protocols Mantapex tracks in this category. Direct peers ranked by total value locked include Tether Gold, BlackRock BUIDL, Paxos Gold, and 3 more. These peer protocols collectively secure $14.3B in deposits, giving you a frame of reference for whether OpenEden USDO's own TVL is at the top, middle, or tail of the category.
Available Yields
| Project | Pool | APY | TVL |
|---|---|---|---|
| openeden-usdo | USDO | 3.25% | $49.5M |
| openeden-usdo | CUSDO | 3.25% | $6M |
| openeden-usdo | USDO | 3.25% | $200.8K |
| openeden-usdo | USDO | 3.25% | $57.3K |
Recent OpenEden USDO news
Latest reporting from major crypto news outlets covering OpenEden USDO.
- Crypto Economy
DeFiance, Galaxy Settle OTC Trade Using OpenEden's USDO
OpenEden said that DeFiance Capital and Galaxy Digital recently settled a high seven-figure OTC transaction using USDO as the settlement currency. In the company's telling, the…
- Coingape
Ripple, Major VCs Back ex-Goldman Exec's RWA Platform OpenEden
OpenEden:- Led by former Goldman Sachs executive Jeremy Ng, RWA platform OpenEden has been expanding at a rapid pace. Its two core products – the tokenized Treasury bill offering…
- Blockonomi
OpenEden Partners with Doppler Finance to Expand RWA Yield on XRP Ledger
Integration of tokenized U.S. Treasuries and regulated stablecoin expands RLUSD utility on XRPL
- Bitcoin
Ripple and Key Investors Push Openeden Into Fast RWA Expansion
Openeden's latest investment round signals accelerating demand for regulated tokenized assets as the company pushes deeper into on-chain financial products and expands its…
- Cointelegraph
Ripple, major VCs back RWA platform OpenEden to scale tokenized Treasurys
OpenEden has raised an undisclosed round backed by Ripple and major institutions to expand tokenized US Treasurys.
- Cointelegraph
BitGo touts compliance as OpenEden pledges yield in USDH proposals
OpenEden and BitGo round out the list of eight bidders on the final day of submission in the race to issue Hyperliquid's stablecoin. Voting begins today and will end on Sunday.
- The Cryptonomist
Tokenization of financial returns: OpenEden announces the launch of the first US Treasury bonds on Ripple's XRP Ledger
OpenEden, a well-known RWA project, has just announced the tokenization of US Treasury bonds on Ripple's XRP Ledger.
- Cointelegraph
OpenEden launches tokenized T-Bills on XRP Ledger
Ripple invests $10 million in OpenEden's tokenized T-bills initiative, marking a significant TradFi advancement on the XRPL.
Related protocols
Other DeFi protocols connected to OpenEden USDO by category, deployment chain, or shared codebase lineage — useful for comparing TVL, fee models, or audit posture across direct peers.
Other RWA protocols
Risk Warning
DeFi protocols carry inherent risks including smart contract vulnerabilities, liquidity risks, and potential loss of funds. Always do your own research before investing.
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