About Ondo Finance

At Ondo Finance, this is to make institutional-grade financial products and services available to everyone. They believe that blockchain technology has the potential to improve both the infrastructure of — and access to — financial products and services.

They also believe that the best technical improvements need to be combined with the best practices from traditional finance, including investor protections, transparency in reporting, legal and regulatory compliance, intelligent and robust product structuring, working with the best service providers, and top-notch client service.

How it Works

There are three major processes for USDY:

1. Subscriptions, whereby which create new USDY tokens
2. Redemptions, whereby an investor returns Tokens to Ondo to get their money back (plus accrued yield)
3. Transfers, whereby an investor sells their Tokens in the secondary market or utilizes their Tokens within DeFi

Flux Protocol: Lend and Borrow On-Chain

Flux is a decentralized lending protocol designed to honor transfer restrictions from permissioned tokens in order to expand the universe of assets it can support.

Ondo Finance Products​

To get started with our products, simply browse the list of available funds on website or listed here in these docs. You’ll be able to find detailed information, including what assets underlie each, how they work, expected yields and risks, eligibility requirements, and much more.

When you find a product you like, once you onboard you can invest by connecting your wallet and depositing stablecoins (or, in some cases, wiring USD). When you wish to redeem your tokens for stablecoins (or USD), you can request a redemption. How long it takes to redeem your tokens depends on the particular product.

Protocols​

The protocols they create are set up to eventually run independently from Ondo. Each protocol has its own separate web app interface on a different web domain governed by a separate entity not controlled by Ondo. When you click on any of the protocols, therefore, you’ll notice they open in a different browser window/tab, managed by external parties. The details of any individual protocol can be found on the appropriate site.

Ondo Finance Trust & Security

When dealing with money, trust and security are always important. In crypto, these issues are even more top of mind. We therefore wanted to highlight a few of the many ways we are committed to maintaining your trust and the security of your funds.

Ondo Finance Features

Blockchain-Powered Infrastructure

Leveraging blockchain technology to enhance the efficiency, security, and transparency of financial transactions. Providing a decentralized and tamper-resistant ledger for improved trust and reliability in financial operations.

Inclusive Financial Access

Making institutional-grade financial products and services accessible to a wider audience, bridging the gap between traditional finance and emerging technologies. Empowering individuals who may have been underserved by traditional financial institutions to participate in a more inclusive and global financial ecosystem.

Best Practices Integration

Integrating the best practices from traditional finance to ensure investor protections, legal compliance, and adherence to regulatory standards. Emphasizing transparency in reporting to build trust among users and regulatory authorities.

Comprehensive Regulatory Compliance

Adhering to legal and regulatory frameworks to provide a secure and compliant platform for financial activities. Implementing robust KYC (Know Your Customer) and AML (Anti-Money Laundering) measures to maintain a high level of security and regulatory compliance.

Intelligent Product Structuring

Implementing sophisticated product structuring techniques to offer intelligent financial solutions that cater to the diverse needs of users. Balancing risk and reward to create well-architected financial products that align with market demands and regulatory requirements.

Collaboration with Top Service Providers

Partnering with reputable service providers in the financial industry to ensure the highest standards of service delivery. Collaborating with trusted entities for aspects such as custody services, audit, and compliance management.

Client-Centric Approach

Prioritizing top-notch client service to enhance user experience and satisfaction. Offering responsive and efficient customer support to address user inquiries, concerns, and feedback promptly.

Join Ondo

We’re building the next generation of financial assets and autonomous infrastructure, offered with world-class client service. Come join our tight-knit but decentralized team – apply today!

Ondo Finance Conclusion

Conclusion – Ondo Finance stands at the forefront of an ambitious transformational vision, seeking to increase access to institutional-grade financial products and services for all. Grounded in its belief that blockchain technology holds key for revolutionizing infrastructure as well as accessibility of financial services, Ondo Finance strives towards creating an inclusive yet transparent financial ecosystem.

The seamlessly blends the best practices from traditional finance into their service offering, including investor protections, regulatory compliance and robust product structuring – creating an innovative yet reliable experience for its users. Their dedication to transparency in reporting and compliance with regulatory standards proves this commitment and builds trust both among users and regulatory authorities.

The takes great pride in their client-focused approach, partnership with top service providers, and continuous pursuit of technological innovation to provide a secure user experience. Through educational initiatives and community involvement they not only arm their users with knowledge but also foster a sense of ownership and community pride within the user community.

Ondo Finance FAQ