OpenEden (EDEN)

OpenEden crypto is an RWA tokenization infrastructure protocol bridging TradFi yields to crypto through tokenized US Treasuries and yield-bearing stablecoins such as OpenDollar. OpenEden gives DAOs, Web3 treasuries, and institutions 24/7 on-chain access to low-risk, highly liquid assets like US T-bills, while preserving DeFi-native composability, transparency, and custody over funds. As of May, OpenEden TVL stands at over $280M, with $USDO recently surpassing the $200M mark.

The protocol operates through two flagship products:

• $TBILL: A tokenized representation of short-term US Treasuries issued via a regulated BVI fund and held with licensed custodians. OpenEden $TBILL provides institutional-grade exposure to real-world yield, with the added benefits of permissionless access and smart contract interoperability;
• $USDO: A fully collateralized, yield-bearing stablecoin pegged to the US Dollar. $USDO token automatically generates passive income by deploying reserves into T-bills and other low-risk instruments.

Get more info in the docs.

🪙 OpenEden token: As of May, there is no publicly available info regarding the potential release of the OpenEden token and its utility. We assume it will have similar utilities as Usual Money’s $USUAL - serving governance purposes and rewarding active community members.

The platform also runs an active points farming campaign, where users need to hold and supply the OpenEden $TBILL and $USDO tokens across the dApps-partners to earn “Bills.” We assume this will be the main criterion for the potential OpenEden token airdrop. 

Considering the backing from YZi Labs and potential OpenEden airdrop, our team has completely analyzed the OpenEden crypto project, revealing its pros and cons:
 

✅ OpenEden pros:

• Backed by YZi Labs;
• Over $280M in total TVL;
• Huge ecosystem of partners (A total of 20+ partners, including Solana, Arbitrum, and others);
• Above-average SMM, Marketing Infrastructure, and Growth Marketing score;
• High SEO performance;
• Very high PR performance;
• Audited by top-tier companies (Chainsecurity, Hacken);
• Open Eden founder and CTO have work experience in multiple top-tier companies (Goldman Sachs, Morgan Stanley, Bybit).

❌ OpenEden cons:

• Below-average Influencer Marketing performance;
• No Roadmap;
• Not all core team members have work experience in top-tier companies.