Ondo Finance Raises $4M In Equity Round
A permissionless protocol built to accelerate DeFi adoption, Ondo Finance release a statement that they have raised $4 million dollar in an equity funding round. The equity round was led by Pantera Capital with participation from Genesis, Digital Currency Group, CMS, CoinFund, Chapter One, Bixin, Divergence, Protoscale Capital, and The LAO, alongside angel investors such as Stani Kulechov (founder Aave), Diogo Monica (co-founder Anchorage), Josh Hannah (founder Betfair), Richard Ma (founder Quantstamp), Justin Schmidt (former Head of Digital Assets at Goldman Sachs, Head of Strategy at Talos), and Christy Choi (former Head of Investments at Binance).
The capital will be used for the the acceleration of Ondo as well as to balance the risk and reward for the DeFi ecosystem. Ondo Finance is positioned to open the door to broader DeFi adoption by allowing risk-averse investors to capture DeFi yield with mitigated and transparent risk, while simultaneously unlocking higher upside exposures for DeFi-native investors. Ondo lets users originate risk-isolated, fixed yield loans backed by yield-generating crypto-assets.
Two Types Of Positions in Ondo’s Initial Vaults:
- Fixed Yield — seeks to deliver a stable yield with mitigated downside risk
- Variable Yield — seeks to maximize returns by using leverage.
By enabling users to define their risk exposure, Ondo allows risk-averse investors to capture DeFi yield with mitigated and transparent risk while simultaneously unlocking higher upside exposures for DeFi-native investors.
ABOUT Ondo Finance
Ondo is a permissionless protocol built to accelerate DeFi adoption among mainstream investors by enabling the granular exchange of risk. Ondo Finance makes decentralized finance available to anyone, providing users with choice between downside protection and higher returns.
