#ondo
What is Ondo
Ondo Finance is a decentralized finance (DeFi) platform that tokenizes real-world assets (RWAs) and offers institutional-grade financial products and services. It enables users to trade tokenized versions of real-world securities in a regulated environment, providing a bridge between traditional finance and decentralized finance. The platform includes products such as USDY, offering stablecoin yields, and OUSG, an institutional-grade investment backed by Blackrock’s tokenized funds. The ONDO token is used for governance and voting on protocol matters.
How is Ondo used
Ondo (ONDO) is the governance token of the Ondo Finance decentralized autonomous organization (DAO). It is used to vote on protocol matters such as economic parameters, smart contract upgrades, and management of the DAO itself. The token has a maximum supply of ten billion and is allocated to different groups or purposes on a proportionate basis, vested over time. The initial unlocked supply started at 1.4 billion, with the majority allocated to the token sale for fundraising purposes.
