Content
@
0 reply
0 recast
0 reaction
Pat_Kras
@solofunk
Ondo Finance = TradFi meets Crypto Since raising $24 million in rounds led by Pantera Capital, Ondo has trailblazed RWA tokenization and developed the Flux Finance protocol, which uses the ONDO token. Blackrock's recent BUIDL token launch led to a re-pricing of the RWA sector, and Ondo has taken center stage 🧵
2 replies
0 recast
1 reaction
Pat_Kras
@solofunk
There are over $400 trillion in real-world assets. Just over $1 billion is represented onchain today. Ondo aims to change this paradigm and make institutional-grade financial products and services available to everyone. Today, they offer three tokens collateralized by RWAs:
1 reply
0 recast
0 reaction
Pat_Kras
@solofunk
USDY Collateralized largely by short-term US treasuries through Morgan Stanley and StoneX. USDY increases in value as yield is generated through its treasury collateral. TVL = $127M Yield = 5.10% Native support = Ethereum, Mantle, Solana, Sui, with Aptos coming soon
1 reply
0 recast
0 reaction
Pat_Kras
@solofunk
OUSG Collateralized largely by BlackRock's ERC-20 BUIDL token on Ethereum. OUSG increases in value as yield is generated through its treasury collateral. TVL = $95 million Yield = 4.96% Native support = Ethereum, Polygon, and Solana
1 reply
0 recast
0 reaction
Pat_Kras
@solofunk
OMMF Ondo Money Market Fund (OMMF) is not live on any network. Still, OMMF is planned to be a rebasing token whereby tokenholders accrue additional OMMF tokens as they earn yield through money market fund collateral provided by a BlackRock ETF.
1 reply
0 recast
0 reaction
Pat_Kras
@solofunk
But Ondo isn’t just a centralized issuer of RWA tokens. Ondo has a suite of onchain protocols too. Namely, Flux Finance. Flux Finance is a lending protocol on Ethereum that allows OUSG to be used as collateral to borrow stablecoins (USDC, USDT, DAI, and FRAX).
1 reply
0 recast
1 reaction
