Ondo Finance is an open, permissionless, decentralized investment bank.
May 12, 2022 00:00:00
May 13, 2022 00:00:00
ICO Details
What is Ondo Finance?
Ondo Finance (“Ondo”) is an open, permissionless, decentralized investment bank. Ondo’s core business is to service and connect various stakeholders in the emerging DeFi ecosystem – including DAOs and increasingly institutional and mainstream retail investors – through fully on-chain services.
Ondo Finance Unique Features
- 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 does not currently have 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 by both aggregating DeFi protocols and repackaging their exposures using traditional finance techniques.
Roadmap
Ondo Finance Token Economy
ONDO is the governance token for the protocol and DAO.
In keeping with Ondo’s mission to democratize access to sophisticated financial services, the ONDO token and related DAO are being launched to hand over control of Ondo to its users.
The Ondo DAO will constitute a decentralized governance and incentive system to enable those who bring value to Ondo to also be rewarded for that value creation. The Ondo DAO governs the infrastructure that enables the provision of Ondo products. Initially, the DAO itself will be the main provider of these services, but over time the DAO can permission others, including other DAOs, to create products on the platform. The DAO can also distribute incentives such as ONDO tokens to reward those creators. Formally, the Ondo DAO will have the ability to grant all of the roles specified in Ondo’s docs.
Detailed Token Metrics
Updating…
Token Distribution
Token Release Schedule
All ONDO tokens will initially be non-transferrable and subject to two lock-ups:
(1) a time-based lockup that will release from the 12-month anniversary of June 1, 2022 through the 18-month anniversary of June 1, 2022 linearly through time on a block-by-block basis based on the number of seconds that have elapsed between blocks
(2) an additional global lock-up that can only be released by a majority vote of token holders.
However, even when non-transferable, ONDO will actively function as the governance token for the Ondo DAO with the rights described above. The DAO can also vote in liquidity mining and other incentive programs to boost adoption even while ONDO remains non-transferable. The global transfer restrictions will be enforced via smart contracts, and ONDO token holders can choose by majority vote when to alter those contracts to enable trading in the token.
Team Members
Investors
