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Ondo Protocol to Launch Token Sale on Coinlist
The sale begins on May 12 , 17:00 UTC has one public option:
The launch of this token represents a big step in the process of handing over control of the Ondo Protocol to its users. The protocol has clearly demonstrated an unmet need within the DeFi space, establishing itself as a pioneer in the Liquidity-as-a-Service space. With its rapid organic growth despite any incentive programs, and live partnerships with 10+ DAOs (including Terra, Frax, and Fei), the protocol is now ready to let its users participate in its governance and administration.
For more details on the Coinlist sale, please visit this page .
The Ondo Protocol is the world's first decentralized investment bank. Like a traditional investment bank, Ondo aims to be a hub matching those who have capital with those who need it through the creation of customized financial products (e.g. equities, bonds, structured products, derivatives, etc.) that organizations can offer to investors to raise money. Historically, this work has often been highly manual, expensive, and reliant on intermediaries. Decentralized finance (DeFi), however, presents novel infrastructure and financial primitives to enable investment banking activities that are automated, composable, and accessible to everyone. Ondo's focus is to build software that finds attractive investments across the traditional and DeFi landscape, repackages these assets into easily understood risk/reward offerings, and then matches and offers these assets to both institutional and retail investors.