DeFi

How Ondo Finance is making DeFi user-friendly

Published

7 months ago

9 July, 2024

CoinFlix Staff

How Ondo Finance is making DeFi user-friendly

Key points to remember

Ondo is a company that connects traditional finance with decentralized finance (DeFi).
It offers user-friendly tokenized versions of traditional investments (like stablecoins and money market funds).
Ondo’s deep understanding of tokenization and commitment to making it accessible positions them as a major player in this emerging market.

What is Ondo Finance?

Ondo Finance is a major player in the financial world, bridging the gap between traditional markets and decentralized finance (DeFi). Its strategy is to create blockchain-based tokens that represent real-world assets such as US government bonds and money market funds. Ondo’s vision is to overcome the limitations of traditional markets and connect DeFi to real-world value.

Ondo’s solution is tokenization, a process that makes investing in traditionally institutionally accessible assets possible. Through user-friendly products like OUSD (an alternative to stablecoin) and OMMF (a tokenized money market fund), Ondo makes these assets accessible to everyone. Ondo aims to make investing more accessible and build a stronger, more inclusive financial system.

How does Ondo work?

Ondo enables access to real-world assets (RWA) through tokenization. They offer blockchain-based financial products similar to traditional investments (stocks, bonds) but with improved accessibility and efficiency.

However, to ensure investor protection, Ondo implements:

KYC Control: Verifies your identity and financial information to ensure compliance.
Investment criteria: Some products require financial knowledge and minimal financial resources to participate.

What is ONDO token?

The ONDO token allows you to vote on the future of Ondo Finance. Owning ONDO grants governance rights, allowing users to influence platform decisions like upgrades and proposals. Initially distributed through a community presale, the token has a total supply of 10 billion, with over 1.38 billion in circulation.

While traditional factors such as demand and market sentiment affect its price, ONDO’s innovative approach to funding positions the token as a player in the growing interest in new financial technologies.

ONDO Roadmap

Ondo Finance’s roadmap prioritizes accessibility and innovation over the next two years:

Phase 1: Widespread Adoption

More users: Ondo is making its digital dollars (USDY), government bond tokens (OUSG) and money market tokens (OMMF) available on more platforms (blockchains).
Different options: Create new token variants for different risk preferences.
Improved infrastructure: Improved Ondo Bridge (cross-chain transfer) and Ondo Converter (token type conversion) for user convenience.
Increased liquidity: Partner with trading platforms for wider token availability.

Phase 2: Going beyond species

New asset classes: Ondo goes beyond digital dollars. It puts more traditional investments, like stocks and bonds, on the blockchain.
Revolutionize Security Tokens: Develop innovative projects to simplify security tokenization for wider use.

Phase 3: DeFi with real-world assets

Bridging the gap: Ondo brings more real-world assets (like stocks and bonds) and traditional financial services (like banking) into DeFi.
Collaboration: Collaborate with centralized and decentralized actors to improve accessibility and efficiency.
Maintain quality: Ensure that future products and services meet high standards.

Asset Tokenization, Demand and Fees

Benefits of Asset Tokenization

Increased liquidity: Tokenization makes real-world assets (RWAs) more tradable by creating digital representations on blockchains.
Faster settlements: Blockchain technology facilitates same-day settlements compared to traditional financial systems (TradFi).
Reduced costs: Removing intermediaries from the transaction process reduces overall costs.
Improved accessibility: Tokenization removes geographic barriers and makes RWA more accessible to a wider audience.
Transparency: Blockchain technology provides a transparent record of asset ownership and transaction history.
Composability: Refers to the potential of combining tokenized assets with DeFi protocols to create new financial products and services (a relatively unexplored area).

Latent demand for RWAs

Adoption of stablecoins: The success of stablecoins (cryptocurrencies pegged to real assets such as the US dollar) demonstrates a global demand for dollar-linked investments, particularly in countries with unstable currencies.
Request for products denominated in US dollars: This existing demand for dollar-denominated assets indicates a potential market for tokenized RWAs like US Treasuries.

TradFi’s interest in tokenization

Cost generation: TradFi institutions see tokenization as an opportunity to earn fees on the management of tokenized assets, similar to the costs associated with traditional financial products like ETFs.
Increase in capital and costs: The increased flow of capital into the market translates into higher potential fee generation for TradFi players.

Overall, asset tokenization creates an opportunity for the RWA market. It combines increased liquidity, faster settlements, and lower costs with demonstrated demand for dollar-denominated assets and TradFi’s interest in generating management fees from tokenized products.

The future of ONDO

Ondo is benefiting from a strong demand for stable and tokenized assets. Asset tokenization, an emerging market, offers the potential to reshape traditional finance for the benefit of all. However, future changes in interest rates pose a challenge.

Despite the uncertainty, Ondo’s expertise in tokenization, TradFi, and regulations allows it to adapt and potentially become the market leader in on-chain treasury bonds. Its mission to make finance accessible to all leads to long-term growth through diversification.

Final Thoughts

Ondo Finance is a major player in the growing asset tokenization market. Its expertise in traditional finance and blockchain technology allows it to bridge the gap between DeFi and real-world assets. Its user-friendly tokenized products focus on accessibility, making them available to the public. While future interest rates and economic uncertainty remain challenges, Ondo’s potential to reshape finance through increased liquidity, lower costs and financial inclusion makes it a company to watch.

Fuente

DeFi

If You Missed BONK and PEPE This Year, This Viral New Crypto Might Be Your Salvation

Published

6 months ago

29 July, 2024

CoinFlix Staff

If You Missed BONK and PEPE This Year, This Viral New Crypto Might Be Your Salvation

Bonk and Pepe appear set to net new investors 10x to 100x returns over the next 12 months. However, cryptocurrencies in the DeFi play-to-earn gaming sector could offer even greater returns. As August approaches, Rollblock is emerging as a standout DeFi play-to-earn gem with the potential to 100x-1000x gains in the fourth quarter and beyond.

The project features an innovative revenue sharing model and exceptional accessibility, attracting players and investors. Additionally, Rollblock’s extensive game library of over 150 titles and enhanced sports betting are further driving excitement for the platform. Cryptocurrency analysts are expecting a sudden surge in demand. 800% a push for Rollblock from the beginning of September.

Bonk remains strong despite market fluctuations

While most well-known cryptocurrencies struggled throughout July, Bonk remained strong. As one of the highest-grossing meme cryptocurrencies of 2024, Bonk rose over 24% in July, while most cryptocurrencies experienced negative fluctuations.

Investors looking to add a relatively safe memecoin to their portfolio should consider Bonk. While Bonk is unlikely to generate explosive gains of 250x to 1,000x from here on out, Bonk could still theoretically provide returns in the 20x to 100x range.

Pepe should see a big rise in the next bull run

Alongside Bonk, Pepe has yet to go through a bull run. This means that there are still substantial gains to be made from Pepe over the next 12 months.

Pepe is down 4% in 30 days, but that shouldn’t worry Pepe investors in 2024. Experts believe Pepe’s best days are still ahead, with crypto analysts predicting a 10x to 50x surge in the next election cycle around November.

In the long term, Pepe could surpass the 100x mark for today’s investors. However, Pepe is a memecoin, and one should exercise caution when investing in purely speculative assets that have no utility.

Rollblock’s Unprecedented Hype Potential Could Push It Past 100x Valuation in Q4

Rollblock is a GambleFi Play-to-Earn token that integrates centralized and decentralized gambling on a single platform. By allowing players to earn rewards through active participation and gameplay, the platform creates a compelling incentive structure that appeals to both casual and competitive players.

With its cutting-edge blockchain technology, Rollblock offers top-notch security that keeps bets and transactions on the platform secure. The platform’s lack of KYC mandates appeals to both users who value anonymity and security.

Rollblock’s revenue sharing model, which allocates up to 30% of casino revenue to RBLK token holders, is a major draw for investors. The model involves burning half of the repurchased tokens and distributing the other half to stakers, increasing the token’s value and encouraging long-term investment.

The platform is also constantly evolving thanks to user feedback which has enabled updates such as the upcoming sports betting feature within the platform’s casino. This addition will complement Rollblock’s extensive game library of over 150 titles, ranging from traditional poker to innovative blockchain-based games.

RBLK is expected to emerge as one of the leading DeFi tokens in 2024. With a price of $0.0172 with impressive growth potential and over 140 million tokens sold recently, Rollblock is on track to enter the top 100 cryptocurrencies by Q4, making today a lucrative time to buy RBLK tokens.

Discover the exciting opportunities of the Rollblock (RBLK) presale today!

Website: https://presale.rollblock.io/

Social networks: https://linktr.ee/rollblockcasino

No spam, no lies, only insights. You can unsubscribe at any time.

Fuente

DeFi

Cryptocurrency sector is experiencing ‘most misjudged moment’ since 2020, says venture capitalist Arthur Cheong

Published

6 months ago

29 July, 2024

CoinFlix Staff

Cryptocurrency sector is experiencing ‘most misjudged moment’ since 2020, says venture capitalist Arthur Cheong

Veteran cryptocurrency investor Arthur Cheong believes the digital asset sector offers long-term holders a golden opportunity.

Cheong, the founder of DeFiance Capital, tell His 171,700 followers on social media platform X indicate that he believes decentralized finance (DeFi) is hugely undervalued.

According to Cheong, DeFi projects are innovating at a rapid pace and leaving traditional financial (TradFi) companies in the dust.

“It’s been a long time since I’ve been this excited about the risk/reward and potential upside of DeFi. This is probably the most misjudged moment since the pre-DeFi summer of 2020, with extremely promising prospects.

I see opportunities not only in OG (original) DeFi, but also in some newer projects that are evolving rapidly and growing at a pace that fintech startups will do anything to match.

The veteran investor also believes that crypto is now here to stay following recent launch from the Ethereum spot market (ETH) exchange-traded funds (ETFs) last week.

“Overall, the floodgates are open and there is no turning back. TradFi asset managers will continue to launch new crypto products because, guess what: there is huge demand for them!”

I expect them to launch actively managed crypto ETFs [in the] coming years. ”

Earlier this month, Cheong laid that it might be a bad strategy for cryptocurrencies to seek mass adoption, believing that digital assets are designed to disrupt several key financial sectors.

“I think we should accept that cryptocurrencies may not be suited for mass adoption like Web2, but rather are optimized for some narrow but very high-impact use cases like stateless global money, cross-border payments, and decentralized finance.

Chasing mass adoption of normies may be chasing the wrong Grail from the start.

Don’t miss a thing – Subscribe to receive email alerts directly to your inbox

Check Price action

follow us on X, Facebook And Telegram

Surf The Daily Hodl Mix

&nbsp

Disclaimer: Opinions expressed on The Daily Hodl are not investment advice. Investors should do their own due diligence before making any high-risk investments in Bitcoin, cryptocurrencies or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured image: Shutterstock/ktsdesign