OpenEden Integrates LI.FI To Simplify T-BILL Purchases
TL;DR – Users can swap any asset across 15+ chains & L2s into USDC to purchase OpenEden Treasury Bills ($TBILL)
We’re excited to announce that OpenEden, a tokenized RWA investment platform that provides investors with exposure to US Treasury Bills, has integrated LI.FI!
The OpenEden Treasury Bills (TBILL) Vault is a smart contract vault offering investors direct exposure to short-dated U.S. Treasury Bills via the TBILL token.
Each TBILL token is backed 1:1 by U.S. T-Bills held in segregated accounts by licensed custodians and managed by a regulated fund manager. This ensures transparency, security, and stability, providing a reliable avenue for investors to earn U.S. T-Bills yield within the decentralized ecosystem.
With the integration, OpenEden users can swap directly into USDC on Ethereum & Arbitrum from 15+ chains and L2s and then mint TBILLs to earn 5.30% U.S. Treasury yields on chain!
For example, users can go from MATIC on Polygon to USDC on Arbitrum or any other combination of tokens/chains and mint TBILLs.
We’re thrilled to partner with OpenEden and make it easy to start earning U.S. Treasury yields on-chain.
What Is OpenEden?
OpenEden has launched the first smart contract vault to offer 24/7 access to U.S. Treasury Bills (T-Bills). Stablecoin holders can mint TBILL tokens via the OpenEden TBILL Vault to earn the U.S. risk-free rate, which yields 5.30% as of March 2024.
TBILL is an ERC-20-compliant RWA (Real World Asset) token issued by the platform, representing the tokenization of real-world assets. Each TBILL is fully backed by a portfolio of short-dated U.S. T-Bills, and its yield varies with the fluctuation of short-term US Treasury bonds.
TBILL tokens can only be minted and redeemed by users who have completed the KYC verification process and have been fully whitelisted through the T-Bill Vault product.
Here are some features OpenEden offers:
Direct T-Bills exposure: The value of TBILL tokens is derived from a portfolio of short-duration U.S. Treasury Bills.
24/7 instant settlement: Smart contracts enable instant minting on-chain, versus up to two business days in TradFi.
Regulatory-first: The issuer of TBILL tokens is a professional fund regulated by the British Virgin Islands Financial Services Commission and managed by a regulated fund manager in a Tier-1 jurisdiction.
Audited and verifiable: OpenEden publishes daily reserve reports from a regulated custodian, monthly valuation reports from a third-party fund administrator. The TBILL Vault smart contract has been formally audited by Hacken.
Bankruptcy remote: A regulated custodian holds the underlying assets of TBILL tokens in a fully-segregated account for the benefit of TBILL token holders, removing any risk of commingling with OpenEden’s balance sheet.
To learn more about OpenEden check out their,
What Is LI.FI?
LI.FI is a middleware solution connecting 20 EVM chains and Solana via 14 bridges, 25 DEXs, 5 DEX aggregators, 3 Solver networks (and growing).
LI.FI’s product portfolio features sophisticated white-label B2B solutions that not only allow same-/cross-chain swapping capabilities but also grant arbitrary contract calls for the implementation of advanced cross-chain strategies such as yield aggregation, LP-zapping, NFT purchasing, and many more. We believe Web3 needs to be made available not only for the next billion users but also for the next million developers to build on it.
Our SDK is the ultimate cross-chain money lego for dApps to build on top of or plug into themselves.
We've integrated multiple fallback bridges + DEXs so that you don't have to
We maintain bridges + DEXs so that you don't have to
We choose the best bridges based on our research so that you don't have to (positioning ourselves neutral)
For some examples of how LI.FI works. Check out:
MetaMask Bridges - API Integration
Superfluid - Widget Integration
Alchemix - SDK Integration
FAQ: OpenEden Integrates LI.FI To Simplify T-BILL Purchases
Get Started With LI.FI Today
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Disclaimer: This article is only meant for informational purposes. The projects mentioned in the article are our partners, but we encourage you to do your due diligence before using or buying tokens of any protocol mentioned. This is not financial advice.