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

• Based in:
• Started in / Announced on: 2021
• Testnet release:
• Mainnet release:

Audits & Exploits

• Bug bounty program can be found [insert here].

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).

Technology

• Whitepaper or docs can be found [insert here].
• Code can be viewed [insert here].

Implementations

• Built on:
• Programming language used:

Transaction Details

• Capacity (TPS):
• Latency:

How it works

• From The Block (6-7-2022):

"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."

Roadmap

• Can be found [Insert link here].

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).

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