Rank: 64
ONDO Price
Contracts/Explorers:
Ethereum
Funds and Backers
IEO
17 Jan 2024 — 18 Jan 2024
Raised
$ 40.00K
Price:
$ 0.055
ROI:
18.23x +1,723%
Platform:
N/A
ATH ROI:
26.72x +2,572%
Ondo Finance is an open and decentralized investment bank. Ondo's core business is to service and connect various stakeholders in the emerging DeFi ecosystem — including DAOs, institutional and retail.
A few key features of Ondo:
Leader in Facilitating DEX Liquidity: Ondo is a pioneer in the liquidity-as-a-service space with live partnerships with 10+ DAOs as well as commitments from four stablecoin issuers (FEI, FRAX, UST, and RAI) for $100m+ in new liquidity and related incentives. By matching DAOs (capital demand) with underwriters (capital supply) to provide liquidity for their native token, users can easily trade these tokens in decentralized exchanges.
Rapid Organic Growth: Ondo has not established any liquidity mining campaigns or any other incentive program to stimulate liquidity on the protocol, making it one of the largest protocols by TVL on Ethereum without incentives.
Bridging DeFi and Traditional Finance: Ondo makes DeFi accessible and more valuable to traditional by both aggregating conventional DeFi protocols and repackaging their exposures using traditional finance techniques into the risk / return profiles.
Ondo Finance's current price is $ 1.00, it has increased +5.4% over the past 24 hours.
Ondo Finance's All Time High (ATH) of $ 1.47 was reached on 3 Jun 2024, and is currently -31.8% down.
The current circulating supply of Ondo Finance is 1.44 Billion tokens, and the maximum supply of Ondo Finance is 10.00 Billions.
Ondo Finance’s 24 hour trading volume is $ 74.05 Million.
Ondo Finance's current share of the entire cryptocurrency market is 0.06%, with a market capitalization of $ 1.45 Billion.
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