Dear CoinEx users,
To provide you with more trading options, after rigorous reviews, CoinEx will list ONDO (Ondo) on Jan 19, 2024. The details are as follows.
List Time
1. Deposit: 08:00 on Jan 19 (UTC)
2. Withdrawal: 08:00 on Jan 19 (UTC)
3. Trading pair: ONDO/USDT
4. Opening method: Call Auction
a. Call Auction
08:00-08:50 Jan 19 (UTC)
Orders can be placed and canceled
08:50-09:00 Jan 19 (UTC)
Orders can be placed but cannot be canceled
b. Trading
09:00 Jan 19 (UTC)
About ONDO
Products provided by Ondo as follows:
USDY: USDY is a tokenized note secured by short-term US Treasuries and bank demand deposits. USDY is accessible to non-US individual and institutional investors and is designed to combine the accessibility of a stablecoin with high-quality, US dollar-denominated yield.
Ondo I LP: It is the fund entity that issues the OUSG token — follows a standard fund structure with a limited and general partner and third-party service providers, including qualified custodians where all assets are held, a fund administrator who is responsible for the fund's accounting and investor reporting, and a financial auditor.
Flux Finance: A fork of Compound v2, Flux Finance is a protocol Ondo developed as an on-chain Treasury repo marketplace, allowing users to borrow and lend stablecoins backed by high quality collateral such as OUSG (Ondo's US-Treasuries-linked token).
About Automated Market Making (AMM)
AMM is supported for the ONDO/USDT market. CoinEx AMM allows every user to become a market maker. By adding liquidity to the liquidity pool, users can share 50% of the trading fees earned in this market. The fee dividends are calculated daily. Learn about AMM >>
Risk Reminder
Crypto products are innovative investment products with large price fluctuations as well as high investment risks. Therefore, please evaluate and invest wisely based on your risk tolerance and financial resources.
CoinEx reserves the final interpretation of this announcement.
CoinEx Team
Jan 19, 2024
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