Introduction to ONDO Coin
ONDO is a cryptocurrency powering Ondo Finance's next-generation financial infrastructure, launched on January 18, 2024, with an initial price of $0.055. With a total supply of 10 billion tokens, ONDO aims to enhance market efficiency, transparency, and accessibility through decentralized governance and real-world asset (RWA) tokenization.
Governance and Protocol Control
ONDO token holders participate in the Ondo DAO, governing both the DAO and Flux Finance protocol through:
- Economic parameter adjustments
- Smart contract upgrades
- Strategic direction of Flux Finance
👉 Discover how ONDO compares to top DeFi tokens
Ondo Finance's RWA Ecosystem
Core Products
OUSG Fund: Tokenized version of BlackRock's iShares Short Treasury Bond ETF
- Provides exposure to short-term US Treasuries
- Enhances liquidity for traditional assets
USDY Stablecoin:
- Interest-bearing stablecoin backed by short-term Treasuries
- Designed to generate yield for holders
Flux Finance Lending Protocol
- Decentralized lending platform based on Compound V2
- Supports both permissionless (e.g., USDC) and permissioned (e.g., OUSG) assets
- Asset-specific permission requirements
Cross-Chain Bridging Technology
Ondo's multi-chain solution combines:
- Battle-tested bridges (Axelar, LayerZero)
- Custom risk management layers
- Burn-and-mint token mechanics (eliminating smart contract lock vulnerabilities)
Security Features:
| Feature | Benefit |
|---|---|
| Multi-signature requirements | Scalable security based on transfer size |
| Second-layer validation | Additional protection for all transactions |
| No token locking | Removes common bridge attack vectors |
Token Distribution Breakdown
| Allocation | Tokens | Percentage | Vesting Period |
|---|---|---|---|
| Ecosystem Growth | 5.21B | 52.1% | 60 months |
| Protocol Development | 3.3B | 33% | 12mo lock + 60mo vest |
| Private Sale | 1.29B | 12.9% | 12mo lock + 60mo vest |
| Community Sale | 200M | 2% | 90% at TGE + 12mo vest |
👉 Learn about ONDO staking opportunities
Yield-Generating Mechanics
ONDO tokens offer flexible yield options:
Distribution Tokens
- Daily yield paid in additional tokens
- Wallet balance grows while redemption value stays at $1/token
Accumulation Tokens
- Daily yield increases redemption value
- Token quantity remains constant
Users can convert between formats instantly using Ondo's converter
FAQ Section
What makes ONDO different from other RWA tokens?
ONDO combines institutional-grade asset backing with decentralized governance and advanced cross-chain functionality, offering both stability and DeFi interoperability.
How does Ondo ensure bridge security?
The protocol layers proprietary validation atop established bridges like Axelar, implements burn-and-mint mechanics, and requires multi-sig approvals for large transfers.
Can ONDO tokens be staked?
Yes, token holders can participate in governance and earn rewards through the Ondo DAO. Exact APY varies based on protocol parameters.
What chains support ONDO currently?
ONDO initially launched on Ethereum with planned expansion to Mantle and other EVM-compatible chains via its bridging infrastructure.
How does USDY maintain its peg?
The stablecoin is overcollateralized by short-term US Treasuries and bank deposits, with daily yield accrual helping maintain the $1.00 valuation.
Where can I buy ONDO tokens?
ONDO is available on major exchanges including OKX, with liquidity growing as more bridges become operational.