What is RWA Ondo Finance crypto?
Ondo Finance is a protocol that is part of the decentralized finance (DeFi). More specifically, Ondo Finance crypto falls into RWA (Real World Assets) cryptos, a sector with very high potential at the moment. The DeFi protocol is led by Nathan Allman and has around twenty experts like Chris Tyrell and David Chen.
Like some DeFi protocols, Ondo Finance is not easy to understand. The simplest is to compare the platform to a traditional investment bank. Ondo is a meeting place between suppliers and seekers of capital. Like a traditional bank, Ondo offers a set of financial products which allows the user to earn money.
However, unlike a bank, Ondo Finance uses products from DeFi which operate peer-to-peer using the blockchain. In addition, the platform is decentralized, meaning that users participate in its governance. This is possible in particular thanks to its native token: ONDO.
Discussion and voting on Flux Finance
THE governance process consists of two stages: a discussion phase on a forum and an on-chain voting phase. When a user wishes to propose an improvement to the process, they publish it on the Flux Finance forum. To submit a proposal, the user must own at least 100 million ONDO tokens.
Once the proposal is posted, people can then react and comment on it. Then, it is put to a vote over a period of three days. The quorum for a proposal to be adopted is 1 million ONDO tokens.
The ONDO token is listed on the market since January 2024 only. Currently, the ONDO token price is $0.8. Despite its recent listing, the capitalization of Ondo Finance is already greater than a billion dollars which positions the ONDO token in the top 100 worldwide.
💡 Also discover: the Top 5 RWA Cryptos Post-Halving.
Ondo Finance offers three tokens which allow the tokenization of real assets (RWA), in this case, US Treasury bonds and ETFs. For example, you can buy the token USDY (Ondo US Dollar Yield). It is a stablecoin like Tether (USD), its price is stable, around the US dollar. But its particularity is to be secured by short-term US Treasury bonds. Investing in the USDY stablecoin currently has a yield (APY) of 5.1%.
Another product is the OUSG token (OUSG). By purchasing this token, you benefit from easier access to the iShares Short Treasury Bond ETF offered by BlackRock. This allows you to invest in a secure fund linked to short-term US Treasury bonds. Finally, a third product is the stablecoin Omm Tokens (OMM). This stablecoin is backed by the American Money Markets (MMF).
Ondo Finance also offers a lending service, that is to say crypto loans. With Flux Finance, Ondo allows users to borrow stablecoins against tokenized U.S. Treasury Bonds (OUSG).
ONDO crypto price and price predictions
Find out more about the price of the ONDO token below.
ONDO token price history
The ONDO token has only been listed since January 2024, so there is very little history about it. After being launched around $0.09 on January 8, 2024, the price of the ONDO token increased 10-fold in 5 months. Over the last 90 days, the price of the RWA ONDO token has exploded by 250%, making it the best performance in the top 100. For comparison, over this same period, the price of Bitcoin has “only” increased by 45%. L’ATH of the ONDO token was reached on March 31, 2024 with a price of $1.05.
Analysis of the current price of the ONDO token
Currently, the ONDO token price is $0.8. Since the beginning of May, the price has varied around $0.82 and encountered a resistance level around $0.85. Despite several recent attempts, the price has not managed to rise sustainably above $0.85. This could change if the crypto economy returns to the green.
ONDO token price forecast
Analysts are very positive about the price of the ONDO token. For Coincodex, the price of RWA ONDO crypto is expected to be between $0.8 and $3.9 by 2025 depending on the crypto environment.
For Changelly blog, the price of the ONDO token should be between $1 and $1.7 in 2025. The price could cross the $2 mark in 2026 and that of $3 in 2027.
Even though the ONDO token is recent on the market, it is already listed by many crypto platforms. Currently, you can notably buy ONDO tokens on Bitget. Of course, it is also available on decentralized exchanges (DEX) like Uniswap (UNI).
To buy tokens on the Bitget platformsimply :
- Open an account and complete the KYC (Know Your Customer) verification steps;
- Deposit funds (by bank card or transfer) to purchase cryptos or stablecoins;
- Go to the spot market tab and choose the corresponding trading pair. Bitget offers the pair ONDO / USDT, that is to say, you can exchange Tether stablecoins (which you will have previously purchased with the funds you have deposited) for ONDO tokens. Bitget also offers Futures trading of ONDO tokens.
Once you have purchased the ONDO tokens, all you have to do is store them. Here again, ONDO shines with its compatibility with many wallets like Ledger, Trust Wallet, Torus, MetaMask, etc.
ONDO, the number 1 crypto RWA?
ONDO is one of the RWA cryptos. RWA is an English acronym that stands for Real World Assets. RWA cryptos make it possible to tokenize “real” goods, whether real estate, works of art, gold, or… Treasury bills and ETFs in the case of Ondo Finance. As a crypto RWA, Ondo Finance therefore makes it possible to democratize access to products that are too often inaccessible for small purses.
The RWA crypto sector is in booming in 2024. Currently, ONDO is the most important token in this sector with a capitalization greater than a billion dollarseven ahead of the PAX Gold token (PAXG) and its 420 million dollars.
Our opinion on the ONDO token
latest products from DeFi. Ondo Finance is also an ideal gateway to discover the potential of RWA cryptos.
With Ondo Finance, you can buy stablecoins that allow you to invest in real-world assets like US Treasuries or ETFs from traditional players like BlackRock.
Although the ONDO crypto is still very recent, it is already enjoying certain success. With a capitalization of more than a billion dollars, he is part of the top 100 in the world. A sign of its attractiveness, ONDO has already succeeded in attracting several renowned partners such as Morgan Stanley, BlackRock, Ankura Trust, Clear Street and NAV Consulting. Paradoxically, it is not very well known among investors, which therefore makes ONDO a promising token.
With intact growth potential and a strategic positioning in the field of RWA cryptos, ONDO is one of the promising tokens in 2024!
💡 See also our complete guide on crypto RWA RIO from Realio Network.
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