We are excited to announce the sale of ONDO tokens via CoinList to over 18,000 purchasers. Over $10MM was raised via the sale across two tranches at a weighted average network valuation of $525MM. The success of the sale in these turbulent market conditions is a testament to the
Welcome to the very first edition of our bi-monthly recap. We first released this content via email, so please subscribe here if you don’t want to miss our latest updates! Announcements 📣 Coinlist We were delighted to share the launch of the Ondo token and DAO governance, via initial listing
On April 30, the Angle community approved a partnership with Paladin to utilize Ondo’s Liquidity-as-a-Service offering. This partnership will enable the use of $agEUR as liquidity for $PAL. Angle will become the first project to utilize Liquidity-as-a-Service with a euro-pegged stablecoin. Angle’s approval follows an initial proposal by
We’re delighted to announce that Ondo Finance has raised $20M in Series A funding to accelerate the adoption of DeFi through the servicing of key stakeholders, including decentralized autonomous organizations (DAOs), institutions, and retail investors. The equity round was led by Peter Theil’s Founders Fund, and Pantera Capital.
Amp has joined FRAX-as-a-Service to establish a brand new ~$20m FRAX-AMP liquidity pool on Uniswap by utilizing Ondo Finance vaults. This will be the deepest $AMP liquidity pool on any DEX. Amp will provide $10m worth of $AMP to the Ondo vault, with Frax providing the stablecoin side of the
We’re excited to announce that Frax’s governance process has approved a partnership with Ondo! This partnership will build on Ondo’s Liquidity-as-a-Service offering and enable the use of $FRAX (provided by the protocol itself) as liquidity for token issuers. Based on the design of the proposal, a portion
By Justin Bram Background on Liquidity Mining At a high level, Liquidity Mining is a way for a protocol to bootstrap its growth and liquidity by rewarding users with tokens for providing liquidity or other services for the protocol. Why do projects want to increase liquidity in their own tokens?