avatar

Ondo Finance Closed $20 Million Series A Funding Round Led by Founders Fund and Pantera Capital

Ondo Finance, a structured product, closed a $20 million Series A round led by Founders Fund and Pantera Capital, with participation from Coinbase Ventures, Tiger Global, GoldenTree Asset Management, and others. Ondo provides investment products known as "vaults" built on top of decentralized exchanges. It offers two types of vaults: fixed yield and variable yield. Depositors in fixed yield vaults receive a fixed percentage of yield over their initial investment. Depositors in variable yield vaults receive all excess returns after the fixed yield vaults receive their payout. The protocol's native tokens $ONDO and a decentralized autonomous organization (DAO), are expected to launch in the coming weeks.
Source

Derivatives

DeFi

Fund Raising

Pantera Capital

Coinbase Ventures

Related News
Ethereum security platform Drosera raises $3.25 million in funding, brings total funding to $4.75 million Ethereum security platform Drosera raises $3.25 million in funding, brings total funding to $4.75 million
Wildcat, the decentralized credit platform built by Crypto Twitter mainstay Laurence Day, launches new version on Ethereum Wildcat, the decentralized credit platform built by Crypto Twitter mainstay Laurence Day, launches new version on Ethereum
ZK-powered onchain credit analytics startup Accountable raises $2.3 million seed round ZK-powered onchain credit analytics startup Accountable raises $2.3 million seed round
Crypto-AI startup Fraction AI raises $6 million in pre-seed funding Crypto-AI startup Fraction AI raises $6 million in pre-seed funding
Crypto casino Monkey Tilt raises $30 million Series A led by Pantera Capital Crypto casino Monkey Tilt raises $30 million Series A led by Pantera Capital
Latest News More More
14 Hours Ago 0xbow unveils ‘Privacy Pools,’ a new blockchain privacy tool drawing from Vitalik Buterin’s research
5 Days Ago Ethereum edges closer to deploying Pectra on mainnet with successful upgrade on Hoodi testnet
6 Days Ago MEXC Extends DEX+ Platform to Binance Smart Chain Users
March 25 Binance suspends employee for allegedly profiting off of insider information
March 25 BlackRock launches bitcoin ETP in Europe following US success

About TokenInsight

Services

Products

Support

Google Play
Google Play
Google Play
2018 – 2023 © TokenInsight Ltd. All rights reserved
Disclaimer Terms of Service Privacy Policy
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open