Introducing Ondo Yield Guild Vaults

Bridging NFT and DeFi communities

We are excited to announce a new partnership with Yield Guild Games, a pioneer in the NFT and gaming space that is bringing players together to earn yield via NFT games. For those new to our community, Ondo is building a suite of on-chain banking services focused on making DeFi yields accessible to institutional and mainstream retail investors.

Ondo has created vaults that unlock single-sided risk-controlled exposure to decentralized exchange liquidity pools. In the first step of our partnership with Yield Guild Games, we plan to leverage these vaults to unlock the ability for YGG holders to obtain single-sided YGG yield derived from the ETH / YGG Sushiswap liquidity pool (“SLP”). These vaults will also let others earn fixed ETH-denominated yields from the ETH / YGG SLP while minimizing risk from impermanent loss.

We are joining the YGG team in their Discord on Friday, October 1 to discuss this offering in more detail. Please join to meet the team and get your questions answered!

The vaults we plan to launch will offer 25% APY fixed yield on ETH and, based on trailing 7d data, ~615% APY on YGG (though this is highly variable and excludes the impact of impermanent loss). The vault will have a fixed 30 day duration and contributed capital will be locked for that time. There will be a three-day open window starting on October 1 when users can subscribe to the vault. Users can invest in these vaults at https://ondo.finance/.

We are excited to work together to bridge the worlds of NFT, gaming, DeFi, and institutional finance!

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Ondo is being developed by a team of traditional banking veterans and DeFi experts. The team includes alumni from Goldman Sachs Digital Assets and Blockchain R&D, Facebook, Microsoft, Symbiont, BadgerDAO, private equity funds, hedge funds, and various venture-backed start-ups.

You can find the Ondo Finance team on Twitter.

Legal Disclaimers

This announcement has been written and published by Ondo Finance Inc. and provides no guarantee, commitment, or undertaking to utilize any of its assets, funds, properties or personnel, Ondo Protocol users or other protocol participants. Ondo Finance does not owe, and does not intend to assume, any duties or obligations to Ondo Protocol users or participants, other than duties or obligations arising under laws of general application, such as non-waivable torts.

To the maximum extent permitted by applicable law, all software relating to Ondo Protocol is being provided on an as-is, where-is basis, with no representations or warranties being made to Ondo Protocol participants and with no liability to Ondo Finance or any other person involved in the development of Ondo Protocol. The statements set forth in this announcement also are not intended to be representations, warranties, guarantees or assumptions of duty or liability of any kind, and Ondo Finance hereby disclaims the foregoing and will not be liable for any damages arising from use of Ondo Protocol. In the event of any conflict or inconsistency between this announcement or any other communication and the terms of any software license involved in Ondo Protocol, the terms of the software license shall govern to the exclusion of this announcement and such other communications.

The forward-looking statements in this announcement are subject to numerous assumptions, risks and uncertainties which are subject to change over time. Such assumptions, risks and uncertainties could cause actual results or developments to differ materially from the results and developments anticipated by us. Even if our anticipated results and developments are realized, such results and developments may nevertheless fail to achieve any or all of the expected benefits anticipated by this announcement. We reserve the right to change the plans, expectations and intentions stated and implied herein at any time and for any reason or no reason, in our sole and absolute discretion, and we undertake no obligation to update publicly or revise any forward-looking statement, whether as a result of new information, future developments or otherwise.

This announcement is not intended to provide legal, financial or investment or other advice and we recommend that you do not rely on, and do not make any financial or other decision based on this announcement.