Why buy Ondo Finance?
When deciding whether to buy Ondo Finance (ONDO), one must be aware that this DeFi platform has been attracting huge capital over the last period. One of the leading products of this ecosystem, which was created with the aim of simplifying on-chain access to the returns of traditional finance, is the USDY stablecoin.
This cryptocurrency, USDY, is pegged to the dollar and guarantees an annual return of 5%, backed by US government bonds. This provides a stable and secure investment option for those who hold it. USDY is available on seven different blockchains, ensuring accessibility and flexibility for investors: Solana (SOL), Aptos (APT), Ethereum (ETH), Polygon (MATIC), Sui (SUI), Injective (INJ), and Mantle.
Furthermore, in order to decide whether to buy Ondo (ONDO) or not, you need to know that it is the governance token of this platform, which is indispensable to have a say in the future developments of the protocol. Since its launch in January 2024, this cryptocurrency has experienced significant growth, with its price increasing from around $0.1 to $0.8. The total value locked on this platform has also seen a substantial increase, from 20 million at the beginning of February to around 300 million, demonstrating the growing confidence and interest in Ondo Finance.
What it is
As already mentioned, Ondo Finance is a platform active in the area of decentralised finance (DeFi) that allows its users to access the returns guaranteed by traditional financial instruments in a decentralised manner. In practice, the products of this protocol are, at least currently, designed for professional investors, as summarised by the slogan visible on the homepage of the website “Institutional-Grade Finance, Now Onchain.” The minimum investment for one of Ondo Finance’s flagship products, Short-term US Government Treasuries (OUSG), is $100,000.
Finally, to buy ONDO, you should know that the platform founded by Nathan Allman, a seasoned entrepreneur with a successful track record in the finance industry, raised $24 million. This was made possible through an investment round in which major funds such as Pantera Capital, Wintermute, and Coinbase Ventures participated, further validating the potential of Ondo Finance.
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