Ondo ($ONDO)
1. Project overview
- Ondo is a Defi protocol that allows users to exchange risk and return through a liquidity pool.
- To make it easier to understand, Ondo provides and supports the use of financial means to effectively manage the use of capital, risk proportional to profit.
- Ondo Finance aims to become an open and decentralized investment bank.
2. Ondo products
a. USDY - USD Yield
- It is likened to a tokenized bond and is backed by short-term US Treasuries and bank demand deposits.
- Currently its TVL is 71.76M$ with an APY of 5.1%
b. OUSG - Ondo Short-Term US Goverment
- Investing in OUSG is similar to if you were investing in short-term US Treasury bills.
- Currently its TVL is 112.74M$ with an APY of 4.89%
c. OMMF - Ondo US Money Markets Fund
- Ondo's upcoming product, providing liquidity access to the most liquid US Money Market today, ~5k billion USD.
- The current published APY is 4.73%.
d. Flux Market
- Is a decentralized lending (DeFi) platform that provides crypto asset lending and borrowing services.
- Flux Market's main services are borrowing, lending and farming.
=> Products have low risk and legality is guaranteed.
3. Ecosystem
- Chains: Ondo supports major chains such as Aptos, Polygon, Ethereum, Injective, Mantle, Sui, Solana.
- Liquidity: some prominent platforms cooperating with Ondo include Flux Finance, Bybit, Jupiter, Pendle, Raydium,...
- Oracles: get the cooperation of leading Oracle projects Chainlink and Pyth,...
- Service Providers: the world's leading companies and funds supporting Ondo to provide financial services are Blackrock, Morgan Stanley, Clear Street or Coinbase.
+ Coinbase directly invests, monitors and manages On-chain assets