Ondo Finance (ONDO)
Ondo Finance is a decentralized investment bank, offering structured products such as tranched liquidity provision vaults, and in conjunction with Fei Protocol, liquidity-as-a-service (LAAS) solutions for DAOs wishing to rent their liquidity.
Basics
History
Audits & Exploits
- Bug bounty program can be found [insert here].
Bugs/Exploits
Governance
Admin Keys
DAO
Treasury
Token
Launch
- Ondo Finance has raised $10 million in a token sale via CoinList. Around 2% of ONDO's total supply was offloaded through the sale, Nathan Allman, co-founder and CEO of Ondo Finance, told The Block (6-7-2022).
Token Allocation
Utility
Other Details
Stablecoin
Coin Distribution
Technology
- Whitepaper or docs can be found [insert here].
- Code can be viewed [insert here].
Implementations
- Built on:
- Programming language used:
Transaction Details
How it works
"The products, known as "vaults," offer fixed and variable yields. Depositors in fixed yield vaults receive a fixed percentage of yield over their initial investment. Depositors in variable yield vaults receive all excess returns after the fixed yield vaults receive their payout."
Fees
Upgrades
Mining
Staking
Validator Stats
Liquidity Mining
Scaling
Interoperability
Other Details
Oracle Method
Privacy Method
Compliance
Their Other Projects
Flux Finance
- Flux is a fork of Compound V2. From The Defiant (14-2-2023):
"Ondo also developed Flux, though the lending protocol is technically decentralized and governed by holders of ONDO tokens. Flux Finance, a lending protocol that went live on Feb. 8, has attracted nearly $11M worth of U.S. dollar-pegged DAI and USDC stablecoins in the five days since. The protocol has likely managed to pull in a significant amount of capital because it allows Ethereum DeFi users to permissionlessly lend their stablecoins to borrowers using tokenized ETFs representing U.S. treasuries as collateral.
The OUSG tokenized ETF was launched last month by Ondo Finance and is only accessible to qualified purchasers who have gone through know-your-customer (KYC) and anti-money laundering (AML) procedures. OUSG holders can leverage their positions in US Treasuries by borrowing and then selling their DAI or USDC for more OUSG, which can then be deposited again in Flux. The process can be further repeated to build a highly leveraged position and maximize users’ yields."
Roadmap
- Can be found [Insert link here].
Usage
Projects that use or built on it
Competition
Pros and Cons
Pros
Cons
Team, Funding and Partners
Team
- Full team can be found [here].
- Nathan Allman; co-founder
- Ondo was founded by Allman and Pinku Surana — two former Goldman Sachs employees
Funding
- Ondo Finance has raised $10 million in a token sale via CoinList (6-7-2022).
- Had a $20 million Series A led by Peter Thiel's Founders Fund (27-4-2022).
Partners
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