LIVEOff-chain (in real life).
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4. Team
- Nathan Allman (Founder and CEO): has experience managing digital assets at Goldman Sachs.
- Justin Schmidt (President and COO): used to work as head of digital asset management at Goldman Sachs, and managed investment portfolios of a number of other large and small companies.
- Ali Azam (Deputy Technical Director): many years of experience in blockchain development and research.
- Cameron Clifton (Chief Software Engineer): has many years of experience in software and blockchain engineering at large companies such as Space X or Lonk.
- And other experienced people in large businesses and corporations in the industry such as Tether, 'Blockchain.com', AWS, OpenSea,...
5. Investors and Fundraising
- Ondo Finance has raised more than 32M$ from large funds such as Coinbase Ventures, Pantera Capital, DCG, CoinFund,...
- In addition, there is also the capital contribution of CMS and Wintermute combined with Coinbase, which will be the MM names of Ondo to push up the price of this token.
6. Tokenomics
a. overview
- Ticker: $ONDO
- Chain: Ethereum
- Contract: 0xfAbA6f8e4a5E8Ab82F62fe7C39859FA577269BE3
- Total Supply: 10B
- Circulating Supply: 1,386B
b. Allocation
- Ecosystem Growth: 52.1%, 10% unlocked at TGE, then linearly unlocked for 48 months.
- Protocol Development: 33%, 10% unlock at TGE, then linear unlock over 48 months.
- Private Sales: 12.9%, 10% unlocked at TGE, then linearly unlocked for 24 months.
- Community Access Sale: 2%, 100% unlocked at TGE.
LIVE1. Project overview
- Ondo is a Defi protocol that allows users to exchange risk and return through a liquidity pool.
- To make it easier to understand, Ondo provides and supports the use of financial means to effectively manage the use of capital, risk proportional to profit.
- Ondo Finance aims to become an open and decentralized investment bank.
2. Ondo products
a. USDY - USD Yield
- It is likened to a tokenized bond and is backed by short-term US Treasuries and bank demand deposits.
- Currently its TVL is 71.76M$ 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
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