Ondo
ONDO
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Ondo price
in EUR€0.65083
-- (--)
EUR
Market cap
€2.05B #30
Circulating supply
3.16B / 10B
All-time high
€1.842
24h volume
€136.46M
About Ondo
ONDO is the cryptocurrency powering Ondo Finance, a platform revolutionizing traditional finance by bringing real-world assets (RWAs) onchain. Designed to make institutional-grade financial products accessible globally, ONDO enables tokenized U.S. Treasuries, stocks, and other securities to be traded seamlessly on blockchain infrastructure. This innovation bridges the gap between traditional finance (TradFi) and decentralized finance (DeFi), offering 24/7 market access, programmable assets, and enhanced liquidity. With partnerships involving major players like BlackRock and integrations with compliant protocols, ONDO is positioned as a leader in the tokenization of global markets, making it a compelling choice for those exploring the future of finance.
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Disclosures
Ondo risk
This material is for informational purposes only and is not exhaustive of all risks associated with trading Ondo. All crypto assets are risky, there are general risks in investing in Ondo. These include volatility risk, liquidity risk, demand risk, forking risk, cryptography risk, regulatory risk, concentration risk & cyber security risk. This is not intended to provide (i) investment advice or an investment recommendation; (ii) an offer or solicitation to buy, sell, or hold crypto assets; or (iii) financial, accounting, legal or tax advice. Profits may be subject to capital gains tax. You should carefully consider whether trading or holding crypto assets is suitable for you in light of your financial situation. Please review the Risk Summary for additional information.
Investment Risk
The performance of most crypto assets can be highly volatile, with their value dropping as quickly as it can rise. You should be prepared to lose all the money you invest in crypto assets.
Lack of Protections
Crypto assets are largely unregulated and neither the Financial Services Compensation Scheme (FSCS) nor the Financial Ombudsman Service (FOS) will protect you in the event something goes wrong with your crypto asset investments.
Liquidity Risk
There is no guarantee that investments in crypto assets can be easily sold at any given time.
Complexity
Investments in crypto assets can be complex, making it difficult to understand the risks associated with the investment. You should do your own research before investing. If something sounds too good to be true, it probably is.
Concentration Risk
Don't put all your eggs in one basket. Putting all your money into a single type of investment is risky. Spreading your money across different investments makes you less dependent on anyone to do well. A good rule of thumb is not to invest more than 10% of your money in high-risk investments.
Five questions to ask yourself
- Am I comfortable with the level of risk? Can I afford to lose my money?
- Do I understand the investment and could I get my money out easily?
- Are my investments regulated?
- Am I protected if the investment provider or my adviser goes out of business?
- Should I get financial advice?
DeFi tokens
Decentralised Finance ("DeFi") tokens are crypto assets built on decentralised blockchain technology for financial applications or protocols. Risks linked to DeFi tokens include:
Enterprise Risk
Interactions between multiple DeFi protocols create a situation where a vulnerability or breakdown in one protocol can trigger a cascading effect, affecting other interconnected platforms.
Technology Risk
DeFi protocols frequently depend on external data sources or oracles, and any tampering or inaccuracies in these data streams can result in a lack of trust and reliability in the protocols.
Regulatory Risk
Governments and regulatory bodies around the world can introduce new regulations or ban certain aspects of the cryptocurrency market, affecting its legality and viability, which could affect token liquidity and/or value.
Legal Risk
Certain tokens may be used for operating a decentralised exchange platform which may contain additional risks:
- The platform may allow users to participate who have not been vetted or verified and therefore expose the possibility that users are interacting with sanctioned entities.
- The platform may be accessible in jurisdictions where some or all the exchange activity should be regulated. If a local regulator deemed the platform activity to be in breach of local regulation, they may request cessation or termination of the service which could affect token liquidity and/or value.
Market Risk
Given their novelty, the evolving technology involved and lack traditional asset structure, valuing crypto assets can be very difficult or impossible. This means valuations are determined by demand that is at risk of manipulation in various ways.
Ondo’s price performance
Past year
+3.60%
€0.63
3 months
-25.52%
€0.87
30 days
-26.53%
€0.89
7 days
-13.44%
€0.75
Ondo on socials
Theo Pendle YT vs Morpho Leverage
[Conclusion]
For short-term points, YT is more efficient,
but for points per dollar, Morpho leverage is better.
[Pendle thBILL YT]
thBILL YT gives 2394 Theo Points until the Nov 27th maturity date for $1.
However, the principal becomes $0 at maturity, with approximately $0.18 in yield accrued by then.
Thus, acquiring 2394 Points for $0.82 loss
an efficiency of roughly 2919 Points / $
[Morpho Leverage]
For Morpho leverage, spinning 10 rounds at LTV 94% with $1 provides roughly 8.2x leverage.
Considering the current borrow yield of 7.05%, you'll pay about 2.7% of the principal = $0.027 in interest by Nov 27th.
And you can earn a total of 344 Theo Points.
In other words, earning 344 points for $0.027
loss, an efficiency of approximately 12,740 Points / $
[Profit Comparison]
‘Assuming Theo Airdrop value at 14% APR’
= FDV $331M / 5% Airdrop basis
YT purchase: 82.1% loss, 87.3% profit
= Total expected ROI 5.2%
Morpho leverage: 2.7% loss, 12.5% profit
= Total expected ROI 9.8%
However, if FDV and airdrop percentage increase here, Pendle becomes significantly more advantageous.
For example, with FDV $660M / 10% airdrop,
the average APR could be set at 56%,
then
Pendle YT would yield ROI 267%
Morpho leverage would yield ROI 40%.
This... I should at least go grab some YT while I can.
However, if TVL increases or TGE extends, the yield naturally decreases.
#NFA #DYOR
@Theo_Network
Paguinfo Ⓜ️Ⓜ️T
Theo FDV Projection
Theo is currently an RWA protocol using U.S. Treasury Bills (T-Bills) as its revenue source.
While it plans to handle various RWA assets beyond government bonds, we've projected its FDV based on T-Bills for comparison with other projects at this stage.
[Comparison Based on Investment Funds]
The T-Bill RWA projects include Ondo, Usual, and the recently listed OpenEden.
Expectations for the RWA sector are high.
While Ondo had a high FDV at its TGE,
it has continued to rise, currently reaching $8B. Consequently, Usual and OpenEden also formed very high initial FDVs.
Therefore, the average FDV at TGE for these three projects is calculated as $2.5B.
Even excluding OpenEden due to recent frenzy, it still calculates to $1B.
[Comparison by TVL]
By TVL, it feels a bit more subdued.
Based on TGE, it calculates to approximately $330M.
Theo's Variation
Theo's current TVL is $117M.
Theo's full-scale staking began this August after converting to T-Bills. Since it uses a points-per-dollar system rather than an epoch-based one,
points inflation is also expected to be low.
From this perspective, even if only 5% of $330M is airdropped,
it amounts to $16.5M, yielding roughly a 14% ROI.
The APR will likely vary depending on deposit duration and strategy (Yield Farming, Lending leverage).
Even considering just the 14% APR, it shows quite decent YF/Leverage efficiency alongside the base rate.
I'll cover this in more detail in a future post.
Theo Pendle YT vs Morpho Windmill
[Conclusion]
In the short term, YT efficiency is good, but per dollar points, Morpho Windmill is better.
[Pendle thBILL YT]
thBILL YT gives 2394 Theo Points for a $1 purchase until maturity on November 27.
However, at maturity, the principal becomes $0, and the interest until then will be about $0.18.
In other words, you get 2394 Points for $0.82,
so the efficiency is about 2919 Points / $
[Morpho Windmill]
In the case of Morpho Windmill, if you rotate 10 times with an LTV of 94% for $1, it results in about 8.2 times leverage.
Considering the current loan interest of 7.05%, you will pay about 2.7% of the principal = $0.027 in interest until November 27.
And you can earn a total of 344 Theo Points.
In other words, you get 344 points for $0.027,
so the efficiency is about 12740 Points / $
[Profit Comparison]
'If we assume the value of the Theo airdrop at 14% APR'
= FDV $331M / 5% airdrop basis
With YT purchase, 82.1% Loss, 87.3% profit
= Total ROI expected at 5.2%
With Morpho Windmill, 2.7% Loss, 12.5% profit
= Total ROI expected at 9.8%
However, if the FDV and airdrop percentage increase, Pendle will become significantly advantageous.
For example, if FDV is $660M / 10% airdrop,
we can assume an average APR of 56%,
then
Pendle YT will have ROI of 267%
Morpho Windmill will have ROI of 40%.
I guess... I should at least try YT for now.
However, if the TVL increases or the TGE is prolonged, the yield will naturally decrease.
#NFA #DYOR please.
Paguinfo Ⓜ️Ⓜ️T
Theo FDV Estimate
Theo is currently an RWA protocol that uses T-Bills, which are U.S. Treasury bonds, as its source of income. Of course, it is said that various RWA assets will be handled in addition to government bonds, but for now, I have estimated the FDV based on T-Bills compared to other projects.
[Investment Amount Comparison]
Currently, the T-Bill RWA projects include Ondo, Usual, and the recently listed OpenEden.
Expectations for the RWA sector are high, and particularly, Ondo had a high FDV at the time of TGE, which has continued to rise, reaching $8B now. This has led to Usual and OpenEden also forming very high initial FDVs.
Therefore, the average FDV for these three projects is calculated to be $2.5B at TGE. Even excluding OpenEden due to the recent frenzy, it is calculated to be $1B.
[TVL Comparison]
In terms of TVL, it feels a bit calmer. Based on TGE, it is calculated to be about $330M.
[Changes in the Situation]
Theo's current TVL is $117M. The transition to T-Bills and the full-scale staking began this August, and since it is a point system per dollar rather than an Epoch system, point inflation is also expected to be low.
From this perspective, even if only 5% of $330M is airdropped, it results in $16.5M, which yields about 14% ROI.
The APR will likely vary depending on the staking duration and strategy (YT, windmill, etc.).
Even looking at just the 14% APR, it shows quite a decent YT/windmill efficiency along with the base interest rate. I will summarize this in the next post.
A couple of disappointing points are:
1. The lack of separation between $1 pegged assets and interest-accumulating assets (Yield Bearing Assets), resulting in a low internal interest rate.
2. Not adopting a strategy to secure liquidity and boost TVL through Pendle by differentiating points for DEX LP and Pendle YT/LP.
That's about it.
Guides
Find out how to buy Ondo
Getting started with crypto can feel overwhelming, but learning where and how to buy crypto is simpler than you might think.
Predict Ondo’s prices
How much will Ondo be worth over the next few years? Check out the community's thoughts and make your predictions.
View Ondo’s price history
Track your Ondo’s price history to monitor your holdings’ performance over time. You can easily view the open and close values, highs, lows, and trading volume using the table below.
Ondo on OKX Learn
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Ondo FAQ
Currently, one Ondo is worth €0.65083. For answers and insight into Ondo's price action, you're in the right place. Explore the latest Ondo charts and trade responsibly with OKX.
Cryptocurrencies, such as Ondo, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Ondo have been created as well.
Check out our Ondo price prediction page to forecast future prices and determine your price targets.
Dive deeper into Ondo
Ondo Finance focuses on tokenizing real-world assets (RWAs) to improve liquidity, accessibility, and efficiency in financial markets. Ondo Finance offers several products, including the OUSG Fund and USDY. The OUSG Fund is a tokenized version of BlackRock’s iShares Short Treasury Bond ETF, providing liquid exposure to short-term US Treasuries. USDY is an interest-bearing stablecoin backed by short-term US Treasuries and bank deposits, designed to offer yield to its holders.
Disclaimer
The social content on this page ("Content"), including but not limited to tweets and statistics provided by LunarCrush, is sourced from third parties and provided "as is" for informational purposes only. OKX does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice.
OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates (“OKX”) are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.
OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates (“OKX”) are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.
Market cap
€2.05B #30
Circulating supply
3.16B / 10B
All-time high
€1.842
24h volume
€136.46M