OpenEden launches USDO and starts the Bills competition, allowing users to participate in DeFi activities to earn reward points
ChainCatcher news, OpenEden has launched the compliant yield-bearing stablecoin OpenDollar USDO, along with its compound yield version cUSDO. To celebrate the launch, OpenEden has initiated the Bills competition, where users can earn Bills reward points by participating in DeFi ecosystem activities.During the event, for every $1 contributed, users will receive 1 Bill, with some actions enjoying reward multipliers and the chance to earn future rewards from the OpenEden ecosystem. Bills are only valid during the event, have no monetary value, and cannot be exchanged for cash. Users can accumulate Bills by holding cUSDO, providing liquidity, vault staking, and engaging in DeFi yield trading.It is reported that the stablecoin USDO has obtained a digital asset business license from the Bermuda Monetary Authority (BMA) and employs a bankruptcy isolation structure. USDO features compliance, transparency, and yield-earning characteristics, supporting on-chain real-time reserve proof backed by regulated $TBILL tokenized funds.