Ondo Price
Market Stats
Name | Price | Price change(24h) | Market cap | Circulating Supply |
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ONDO Ondo | N/A | N/A | N/A | N/A |
ONDO Ondo
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What is Ondo (ONDO)?
Ondo (ONDO) is the governance token for the Ondo DAO, which deployed and governs Flux Finance—the first lending protocol supporting tokenized securities as collateral. In the broader ecosystem, it sits at the intersection of DeFi and Real World Assets (RWA), empowering holders to shape the protocol's direction and fulfill its mission of democratizing access to institutional-grade finance.
The ONDO token provides governance rights within the Ondo DAO. Specifically, token holders can:
- Govern Flux Finance: List new fToken markets (supporting new lendable assets or collateral), pause markets, adjust interest rate models, update oracle addresses, and withdraw fToken market reserves.
- Manage DAO Operations: Elect new administrators, control the asset treasury, execute arbitrary smart contract calls, and direct ONDO emission schedules to drive product adoption.
The Ondo Foundation was founded in 2022 as an independent, nonprofit Cayman Islands Foundation Company with no beneficial owners. It assisted in launching the Ondo DAO to pursue a mission of democratizing access to institutional-grade finance through onchain institutional-grade products and services.
The Ondo Foundation was established in 2022 and subsequently assisted in the creation and launch of the Ondo DAO and the ONDO token.
You can use the ONDO token to participate in protocol governance. Token holders can submit and vote on proposals that dictate the operations of the Ondo DAO, direct treasury management, manage token emission schedules, and control key parameters of the Flux Finance decentralized lending protocol.
Ondo aims to resolve barriers to institutional-grade financial products and services. By leveraging blockchain technology and decentralized governance, the project seeks to usher in financial inclusivity and market efficiency, democratizing access to institutional-level finance and tokenized real-world assets.
Ondo maintains code repositories on GitHub, where a public snapshot of its smart contracts is available for its Immunefi bug bounty. However, ongoing development and team collaboration are carried out on a private repository.
The ONDO token has a maximum supply of 10,000,000,000 tokens created with an initial circulating supply of approximately 1,426,647,567 ONDO (~14.3%). Supply generation and distribution allocations are divided into:
- Ecosystem Growth: 52.1%
- Protocol Development: 33.0%
- Private Sales: 12.9%
- Community Access Sale: 2.0%
Over 85% of tokens were placed under a Global Lock-Up, unlocking gradually over 12, 24, 36, 48, and 60 months following launch.
Ondo operates under a decentralized governance model led by the Ondo DAO. ONDO holders exercise direct voting power over DAO administrators, treasury asset management, smart contract executions, and token emissions. Furthermore, they govern the Flux Finance protocol, overseeing market listings, interest rate updates, oracle addresses, and market reserve withdrawals.
The long-term vision of the Ondo Foundation and Ondo DAO is to usher in a new era of financial inclusivity and market efficiency by democratizing access to onchain, institutional-grade financial products and services.
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