| General information | |
|---|---|
| Global rank: | 67 |
| Name: |
Ondo |
| Symbol: | ONDO |
| Current coin price (PHP): | 43.19 ₱ |
| Last hour: | arrow_upward1.26 % |
| Last 24 hours: | arrow_downward-3.55 % |
| Last 7 days: | 6.86 %trending_up |
| Capitalisation (PHP): | 60 021 302 462.88 ₱ |
| Volume 24h (PHP): | 26 472 835 149.37 ₱ |
| Available supply: | 1 389 759 838.00 ONDO |
| Total coin supply: | -1 ONDO |
| Start date: | 2022-04-28 |
Ondo/Philippine Peso (ONDO/PHP) price chart
Ondo/Philippine Peso (ONDO/PHP) capitalisation and volume charts
Ondo is a decentralized finance (DeFi) project that offers risk-isolated, fixed-yield loans backed by yield-generating crypto-assets. It is a permissionless protocol allowing users to engage in peer-to-pool interactions without intermediaries. Ondo Finance, which includes the ONDO token, is backed by Coinbase and is a part of the Ethereum ecosystem. The ONDO token serves as the governance token for the Ondo DAO, which oversees changes to the Flux Finance protocol.
Ondo facilitates the creation of Ondo Vaults, where lenders and borrowers (liquidity providers) contribute capital. These Vaults use smart contracts to enforce loan provisions and do not commingle risks, allowing lenders to have specific control over acceptable collateral, use of proceeds, and loan-to-value thresholds. The protocol supports fixed yield (FY) depositors who seek stable yield with mitigated downside risk and variable yield (VY) depositors who aim to maximize returns using leverage. Ondo has launched several Vaults with varying caps and yield options.
Ondo Finance was developed by a team comprising traditional banking veterans and DeFi experts, including alumni from Goldman Sachs Digital Assets and Blockchain R&D, Facebook, Microsoft, Symbiont, BadgerDAO, and various venture-backed startups. The project aims to be community-owned and run, with active engagement in its development encouraged.