How does UST-aaS work? With UST-aaS, a project deposits its token

Question

How does UST-aaS work? With UST-aaS, a project deposits its token

into an Ondo liquidity vault with a fixed duration. Terra will match those deposits with an equivalent amount of UST to form a liquidity pair. Ondo then supplies this liquidity to a decentralized exchange.

Upon expiration, Ondo withdraws the liquidity and pays back Terra their principal plus a fixed APR. The token issuer then receives all remaining returns in their native token.

Any of the allocated 20M UST that isn’t used for UST-aaS will be returned to the Terra community pool in 6 months, however, UST-aaS may be expanded in the future if proven to be successful.

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06.05.2022