Ondo
ONDO Rank #45Price chart
What is Ondo?
Project and token
Ondo Finance was founded in 2021 by Nathan Allman. The broader business develops tokenised financial products and blockchain infrastructure. ONDO gives holders governance power within the separate Ondo DAO. Transfer restrictions were removed on January 18, 2024 following a DAO vote. Its initial issuance comprised ten billion tokens, with no planned inflation.
Voting system
The DAO uses a modified Governor Bravo framework for binding decisions. Proposals typically begin with discussion on the Flux Finance forum. Voting power follows ONDO ownership and can be delegated to another address. Passed decisions execute through a timelock. The governance remit includes protocol upgrades and economic parameters, with committees or multisignature groups available for delegated functions.
Distribution and product roles
ONDO allocations follow defined release schedules for investors and contributors. Locked balances can still participate in DAO votes. Core-team tokens are subject to a five-year lock-up. The token's governance role is distinct from the portfolio exposure offered by OUSG or USDY. OUSG provides qualified access to tokenised Treasury investments, while USDY is a Treasury-backed note.
Where to trade ONDO
89 exchanges · top 10
Live spot quotes from connected exchanges
ONDO funding rates
Live perpetual funding on every connected exchange. Positive = longs pay shorts.
Contracts & chains
Exact contract or mint per network — the identity layer used for DEX routing.
On-chain routes
Networks with a connected DEX routing adapter.