🎉 $ONDO AIRDROP IS LIVE! 🎉

The massive $ONDO token distribution is here! Over 100 million tokens are being distributed to early supporters, DeFi participants, and community members. Don't miss your chance to claim your share of the future of institutional DeFi.

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The $ONDO Airdrop is backed by top-tier institutional partners and leading crypto organizations worldwide

Insights

Massive $ONDO token distribution happening now! Over $50M worth of tokens allocated to community members, early adopters, and DeFi users across multiple chains.

What is the Ondo Foundation?

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The Ondo Foundation (formerly known as the Neptune Foundation) was founded in 2022 as an independently governed and nonprofit Cayman Islands Foundation Company with no beneficial owners. The Ondo Foundation assisted in the launch of the Ondo DAO, which deployed and currently governs Flux Finance, the first lending protocol supporting tokenized securities as collateral.

What is the Foundation's mission?

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The Ondo Foundation has a mission of democratizing access to institutional-grade finance. We are focused on supporting decentralized protocols like Flux, participating in the Ondo DAO community and, more recently, supporting tokenized real world assets like USDY.

Notably, the Ondo Foundation, through its subsidiaries, owns 99% of the common equity in Ondo USDY LLC, the issuer of USDY. The Ondo Foundation therefore benefits from the growth of USDY and uses proceeds from this growth in furtherance of its mission.

On which key areas does the Foundation focus?

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Ondo Foundation's mandate is focused on several key areas:

  • Supporting Innovation: Financing and endorsing projects that responsibly advance the adoption of tokenized real world assets and their use in onchain financial protocols.
  • Educating and Promoting Awareness: Increasing public understanding of our ecosystem and the benefits of asset tokenization.
  • Treasury Management: Overseeing a treasury to facilitate strategic ecosystem growth.
  • Contract Deployment: Issuing governance tokens and deploying protocol smart contracts.
  • Web Application Management: Hosting web applications for certain platforms in the ecosystem.
  • Strategic Partnerships and Engagement: Collaborating with businesses, regulators, and other stakeholders.
  • Intellectual Property Management: Acquiring and handling IP rights.
  • Community Events and Engagement: Organizing events to strengthen community ties.

The Ondo Foundation also works with Ondo Finance as a commercial partner that is focused on the provision of certain technology and business development services and the management of certain tokenized real world assets like USDY.

What is the ONDO Token?

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In mid-2022, Ondo Foundation, through its subsidiaries, sold ONDO tokens to over 18,000 individuals through CoinList. ONDO token holders are entrusted with shaping the future of the Ondo DAO so that it continues to pursue its mission to democratize access to institutional-grade finance. The Ondo DAO gives ONDO holders specific rights pertaining to Flux Finance, which is currently governed by the Ondo DAO.

What is the Ondo Ecosystem?

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The Ondo Ecosystem encompasses the full set of partners working with or affiliated with the Ondo Foundation that are aligned with the mission of bringing institutional-grade financial products and services to everyone. Contributors to the Ondo Ecosystem include developers, educators, researchers, partners, and strategic contributors.