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ONDO

No. 64
ONDO
Margin
AMM
RWA
DeFi
ONDO Price Today
0
USD
-1.25%
Lower Price
0
Upper Price
0
24H Value(USD)
0
Total Market Cap(USD)
0
Circulating Market Cap (USD)
0
Total Circulation
1.38B
13.89%
Total Supply
10.00B

Price

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Markets

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Coin Introduction

1. Project introduction

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).

2. Team introduction

Founder & CEO: Nathan Allman

https://www.linkedin.com/in/nathanlallman

Head of Product: Romain Bourgois

https://www.linkedin.com/in/romainbourgois

3. Investment institution

Pantera Capital, Founders Fund, Coinbase Ventures, Wintermute, Tiger Global, Management

4. Token application

In keeping with Ondo’s mission to democratize access to sophisticated financial services, the ONDO token and related DAO are being launched to hand over control of Ondo to its users.

The Ondo DAO will constitute a decentralized governance and incentive system to enable those who bring value to Ondo to also be rewarded for that value creation. The Ondo DAO governs the infrastructure that enables the provision of Ondo products.

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