Ondo Price

(ONDO)
USD($)
Ondo (ONDO) Live Price Chart

Ondo Live Price Data

The live price of Ondo is $0.80622, with a total trading volume of $ 8.44M in the last 24 hours. The price of Ondo changed by +6.24% in the past day, and its USD value has increased by +0.52% over the last week. With a circulating supply of 1.39B ONDO, the market cap of Ondo is currently 1.12B USD, marking a --% increase today. Ondo currently ranks #55 in market cap.
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Note: This data is for reference only.
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Ondo(ONDO) Profile

altRank55
rate--
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Explorer
Contract
Ethereum 0xfAbA6f...BE3
Audited By
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Code & Community
Investors
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$0.73263
$0.81798
$1.04000
-0.13%
+6.24%
+0.52%
$1.12B 
$36,435 
1.39B
10B

About ONDO

How can I buy Ondo (ONDO)?

Buying ONDO on KuCoin is fast and simple. Create an account, verify your identity, deposit funds, and start your trading. It's that simple! See How to Buy Ondo (ONDO) for more information.

What Is Ondo Finance (ONDO) Crypto?

Ondo Finance is a decentralized investment bank focusing on bridging the gap between decentralized finance (DeFi) and traditional finance. It primarily serves to match those with capital (like decentralized autonomous organizations or DAOs, institutions, and retail investors) with those who need it by creating financial products such as equities, bonds, structured products, and derivatives. Ondo Finance is known for its tokenized real-world assets (RWAs), which include products like USDY, OUSG Fund, and Flux Finance.

This enhances their liquidity and accessibility by introducing features like fractional ownership and nearly instant settlements, and it reduces costs by cutting out intermediaries. Ondo's flagship product before the launch of USDY was the OUSG Fund, which offered tokenized on-chain ownership of BlackRock’s iShares Short Treasury Bond ETF, providing exposure to short-term US Treasuries.

USDY, another of Ondo's notable products, is an interest-bearing note that serves as a stablecoin alternative. It is backed by short-term US Treasuries and bank demand deposits and offers holders a monthly variable interest rate. The product is aimed at providing global access to short-dated US Treasury yields.

Ondo's strategy also involves catering to the DeFi ecosystem by providing vaults with different risk levels to investors. These vaults operate similarly to collateralized debt obligations, where loans of varying risk levels are bundled together. Investors can choose between fixed-tranche offerings for lower risk and variable-tranche offerings for higher risk, which appeals to conservative investors and crypto-native risk-takers.

Ondo is also venturing into the money market fund arena with the OMMF token, following its OUSG token that offered tokenized exposure to U.S. Treasuries. OMMF is designed to provide better returns for crypto investors with large stablecoin balances, offering a combination of the benefits of a money market fund with the flexibility of 24/7 trading.

How Does Ondo Finance Work?

Ondo Finance operates as a decentralized investment bank, blending elements of DeFi with traditional investment banking (TradFi) principles. Here's a breakdown of how it functions:

1. Matching Capital Providers with Capital Seekers

Ondo serves as an intermediary between DAOs, traditionally structured companies needing to raise funds, and investors looking to provide that capital. This model is akin to the role played by traditional investment banks in the financial sector.

2. Tokenization of Real-World Assets (RWAs)

Ondo focuses on converting real-world assets into digital assets on blockchains, enhancing their liquidity and accessibility. This includes products like the OUSG Fund, which offers tokenized ownership of short-term US Treasuries through an ETF, and USDY, a stablecoin alternative backed by short-term US Treasuries and bank demand deposits.

3. Vaults for Investment Diversification

Ondo offers investment vaults that bundle DeFi products with different risk levels. These vaults are similar to collateralized debt obligations (CDOs) and allow investors to hedge potential downsides. Investors can choose between fixed-tranche offerings (lower risk) and variable-tranche offerings (higher risk).

4. Liquidity-as-a-Service

This service matches DAOs with underwriters (usually stablecoin issuers) to provide liquidity for their native tokens. This helps DAOs with newly launched tokens, which may be volatile and not initially usable as currency, to gain access to liquid currency for investment in their operations.

5. Compliance and Regulation

Ondo's products, such as the OMMF token, are aimed at qualified purchasers (individuals with substantial investments) and involve Know Your Customer (KYC) processes. This is to ensure regulatory compliance, particularly given the high stakes and emerging nature of DeFi.

6. Use of Blockchain Technology

All contracts and financial transactions within Ondo's ecosystem are executed on-chain, leveraging the blockchain's transparency, efficiency, and security features.

History of Ondo Finance and ONDO Coin

Ondo Finance was launched on July 27, 2021. The founders of Ondo Finance are Nathan Allman and Pinku Surana. Both founders have a background in finance and technology, with Nathan Allman being an alum of Goldman Sachs' digital assets team, which adds significant expertise and credibility to their venture in the DeFi sector.

The team behind Ondo includes veterans from traditional banking and DeFi experts, with alumni from organizations like Goldman Sachs Digital Assets, Facebook, Microsoft, and various venture-backed startups. Their goal is to facilitate investment banking activities that are automated, composable, and accessible to a wide range of investors.

In April 2022, Ondo Finance raised $20 million in a Series A funding round led by Founders Fund and Pantera Capital. This funding was aimed at accelerating the adoption of DeFi and expanding Ondo's range of products and services.

What Is ONDO Token Used for?

The ONDO token has several key utilities within the Ondo ecosystem, including:

Governance of Ondo Finance

> DAO Participation: ONDO is the governance token of the Ondo DAO, allowing holders to vote on proposals regarding the protocol's future direction, development, and resource allocation. This includes decisions about new feature implementation, partnerships, and treasury management.

> Proposal Submission: ONDO holders can submit and vote on proposals for the DAO, shaping the project's future and participating actively in its decision-making.

ONDO Token Utility

Ondo offers various financial products, including tokenized asset funds and real-world asset (RWA) integrations. Holding ONDO may incentivize participation in these products by providing benefits like:

> Fee discounts: Lower fees for using Ondo's services or protocols.

> Priority access: Early access to new products or features before they are publicly available.

> Staking rewards: Earning additional ONDO tokens through staking or locking up your tokens for a specified period.

Trade Ondo Finance on KuCoin

Trade ONDO token on the KuCoin Spot Market against other crypto assets to make the most of changing market conditions and volatility. Buy or sell $ONDO or hold the token long-term if you believe in the future potential of Ondo Finance and RWA tokenization. Remember to undertake any trading decisions in the crypto market only after you DYOR.

Ondo (ONDO) Price Movements ($)
PeriodChangeChange (%)
Today$0.046416.11%
7 Days$0.006250.78%
30 Days$0.030923.98%
3 Months$0.3430973.76%
24H Investment Barometer
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The Investment Barometer represents the current sentiment of the majority of KuCoin users. It is based on multiple indicators, and can be used as an aspect to take into consideration when planning investments.
Risk warning:Please note that the Investment Barometer is provided for informational purposes only and is not an investment advice. Investing carries risk. Please make investment decisions cautiously and based on your own judgement.
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Ondo Conversion Rate
  • 1 ONDO to USD$0.80622121
  • 1 ONDO to EUR€0.75166181
  • 1 ONDO to AUD$1.22
  • 1 ONDO to KRW₩1,104.74
  • 1 ONDO to JPY¥123.64
  • 1 ONDO to GBP£0.64326294
  • 1 ONDO to INR₨67.19
  • 1 ONDO to IDRRp12,973.3
  • 1 ONDO to CAD$1.1
  • 1 ONDO to RUB₽74.77

FAQ

How much is 1 Ondo (ONDO) worth?
KuCoin provides real-time USD price updates for Ondo (ONDO). Ondo price is affected by supply and demand, as well as market sentiment. Use the KuCoin Calculator to obtain real-time ONDO to USD exchange rates.
Is Ondo (ONDO) a Good Investment?

Ondo Finance offers several advantages, particularly in the realm of DeFi and the integration of RWAs with blockchain technology. Some of the key benefits include:

> Risk-Isolated, Fixed Yield Loans: Ondo Finance introduces a novel DeFi primitive that allows users to originate risk-isolated, fixed-yield loans backed by yield-generating crypto-assets. This approach is designed to make DeFi yields accessible to investors with varying risk preferences, addressing a common barrier in the crypto-asset markets.

> Asset Tokenization: The platform specializes in tokenizing real-world assets, such as U.S. Treasuries and other high-quality bond exchange-traded funds (ETFs), onto the blockchain. This process enhances liquidity and accessibility, reduces geographical barriers, and enables fractional ownership. Such tokenized assets offer improved transparency and efficiency compared to traditional finance.

> OUSG and USDY Products: Ondo’s flagship products include the OUSG Fund, offering tokenized on-chain ownership of BlackRock’s iShares Short Treasury Bond ETF, and the USDY token, an interest-bearing stablecoin collateralized by short-term US Treasuries and bank demand deposits. These products cater to different investor needs and risk profiles.

> Partnerships and Credibility: Ondo Finance has established partnerships with reputable entities like BlackRock and Coinbase, contributing to its credibility in the blockchain investment space.

> Security and Transparency: The platform employs various security measures and seeks transparency through regular audits and compliance with regulatory requirements, including KYC and AML verification for participants.

> Selective Accessibility: Ondo Finance’s products offer institutional-grade investments and are mainly accessible to accredited investors or qualified purchasers due to stringent eligibility criteria and high minimum investment thresholds.

> Management and Fees: The platform charges management fees for its funds, with additional fees associated with specific ETF fund management. The fee structure varies depending on the fund and includes custodian fees.

> Decentralized Investment Bank Approach: Ondo Finance aims to act as a decentralized investment bank, connecting stakeholders in the emerging DeFi ecosystem, including DAOs, institutions, and retail investors.

What Is Ondo Finance Price Prediction?

Although we cannot offer an accurate ONDO price prediction, the following factors help you understand the price changes of Ondo Finance crypto:

1. Performance of RWA Products: Ondo Finance has deployed several RWA products, including USDY, Ondo’s Funds, and Flux Finance. The performance of these products, particularly in the US sovereign debt market, can significantly influence the Ondo Finance price. For example, the success and adoption of these products, like tokenized commodities or the tokenized on-chain ownership of BlackRock’s iShares Short Treasury Bond ETF, can affect investor confidence and demand for the ONDO token.

2. Market Conditions and Interest Rates: The broader economic environment, especially interest rates, can affect the ONDO token price. High-interest rate environments, such as those offering over 5% on US Treasury Bills, can make certain investments more attractive, potentially increasing the demand for related DeFi products and impacting the ONDO to USD price.

3. Tokenization and Blockchain Efficiency: The process of asset tokenization, which enhances liquidity and accessibility of real-world assets on the blockchain, also plays a role. The efficiency, speed, and cost reduction offered by blockchain technology compared to traditional finance (TradFi) rails can influence investor interest in tokenized assets and, consequently, the ONDO token price.

4. Governance and Token Distribution: ONDO is a governance token for Flux Finance and the Ondo DAO. The distribution and allocation of these tokens managed through DAO governance, can influence their market availability and value. For instance, the conditions of token lock-up and release periods for investors and team members, as well as mechanisms like sales, airdrops, and liquidity mining, can impact the ONDO crypto price.

5. Global Accessibility and Demand: The accessibility of Ondo’s products to a global audience, especially in regions outside of heavily sanctioned or restricted areas, can affect the demand for ONDO tokens. The eligibility criteria for products like USDY, which targets a broad market including Europe, Latin America, and parts of Southeast Asia, can influence the price of Ondo Finance token.

6. Investor Protection and Regulatory Compliance: The degree to which Ondo Finance adheres to investor protection standards and regulatory compliance can also impact investor confidence and, subsequently, the $ONDO price.

How to Earn on Ondo Finance

To earn on Ondo Finance, you have several options:

Investing in Tokenized Bond Funds

Ondo Finance offers access to tokenized high-quality bond exchange-traded funds (ETFs). These include:

> Ondo Short-Term U.S. Government Bond Fund (OUSG): Focuses on the U.S. Treasury with shorter maturities and has an AAA rating.

> Ondo Short-Term Investment Grade Bond Fund (OSTB): This includes exposure to a variety of investment-grade bonds with a BBB- rating.

> Ondo High-Yield Corporate Bond Fund (OHYG): Tracks high-yield corporate bonds with higher potential returns but also higher risk. This fund has a BB- rating, placing it in the speculative grade.

By investing in these funds, you can earn returns based on the performance of the underlying assets. The process involves tokenizing your investment, represented by tickers, which are held in sub-accounts at custodians.

Buy and HODL USDY Stablecoin

Another option is investing in USDY, an interest-bearing stablecoin collateralized by short-term US Treasuries and bank demand deposits. This product is designed to offer institutional-grade yields to its holders. USDY has a variable interest rate set monthly, and investors can earn the bulk of the yield generated by the underlying assets.

Participation in Flux Finance

Flux Finance, developed by Ondo Finance, is a peer-to-peer lending protocol where you can deposit stablecoins and earn supply APY. By depositing assets, you receive fTokens, representing the right to reclaim your deposited assets plus interest. These fTokens can be used in various DeFi strategies to potentially earn more returns.

Governance Participation

If you hold ONDO tokens, you can participate in the governance of the Ondo DAO and Flux Finance protocol. This may not directly earn you financial returns but allows you to influence the direction and policies of the platform.

What is the all-time high price of Ondo (ONDO)?
The all-time high price of Ondo (ONDO) is $1.04000. The current price of ONDO is down 0.23% from its all-time high.
What is the all-time low price of Ondo (ONDO)?
The all-time low price of Ondo (ONDO) is $0.08354. The current price of ONDO is up 8.65% from its all-time low.
How much Ondo (ONDO) is there in circulation?
As of 5 3, 2024, there is currently 1.39B ONDO in circulation. ONDO has a maximum supply of 10B.
What is the market cap of Ondo (ONDO)?
The current market cap of ONDO is $1.12B. It is calculated by multiplying the current supply of ONDO by its real-time market price of $1.12B.
How do I store Ondo (ONDO)?
You can securely store your Ondo in the custodial wallet on the KuCoin exchange without having to worry about managing your private keys. Other ways to store your ONDO include using a self-custody wallet (on a web browser, mobile device, or desktop/laptop computer), a hardware wallet, a third-party crypto custody service, or a paper wallet.
How do I convert Terra Classic (LUNC) to cash?
You can instantly exchange your Terra Classic (LUNC) for cash using KuCoin's Fast Trade feature. This feature enables you to convert LUNC to your local fiat currency in just a few clicks. However, make sure to complete Identity Verification first to enjoy all the features you may need.