Ondo Finance

Ondo Finance Airdrop

Team: Nathan Allman
Category
RWA
Status
Archived
Difficulty
Funding
$34M
Rating
N/A
Tasks4
No ratings yet

Event Timeline

Ondo launches

2021

Completed

OUSG tokenised treasuries ship

2023

Completed

ONDO token generation event

Jan 18, 2024

Completed

USDY expands multi chain

2024

Completed

About Ondo Finance

Ondo tokenises short term US government debt. OUSG holds treasury ETFs and USDY is a yield bearing note backed by treasuries and bank deposits, both issued as tokens that settle on chain and pay their yield there.

The appeal is plain: a treasury yield reachable from a wallet, without a brokerage account. ONDO launched in January 2024 with an allocation to CoinList sale participants from 2022 and to the early users of those products.

Airdrop Stats

$0.165 Price at TGE
Tokenised US Treasuries
Live Across Several Chains
CoinList Buyers Included

How it worked to get the Ondo Finance airdrop

Step 1

Take part in the 2022 CoinList sale

Sale participants formed a defined group with a clear claim, unusually for a distribution of this size.

Step 2

Or hold OUSG or USDY

Users of the tokenised treasury products qualified through holding them rather than through any points campaign.

Step 3

Clear the eligibility checks

These are regulated instruments, so qualification involved requirements most crypto distributions do not carry.

Step 4

Claim ONDO from 18 January 2024

The token opened trading the same day at roughly sixteen cents.

Was the Ondo Finance airdrop worth it?

  • It rewarded holding, not farming. There was no points dashboard and no campaign to optimise. Eligibility came from having bought in the sale or used the products, which is a much narrower and less gameable group.
  • The category was early. In 2022 and 2023 tokenised treasuries were a niche argument. ONDO's holders were positioned before real world assets became a widely traded theme.
  • Access was never open to everyone. Regulated products carry eligibility restrictions, so a meaningful share of the audience that wanted exposure could not obtain it.

Ondo Finance Official Links

Official channels, documentation and community for this airdrop:

This airdrop has concluded. It is kept for research rather than participation.

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