Welcome to cryptomarketblog, the number one blog for crypto education. Here we explain the topics of the cryptocurrency using examples so that anyone can easily understand them. In this article we are going to show how to be eligible for Ondo Finance Airdrop.
What is Ondo Finance?
Ondo Finance is a decentralized investment bank that operates on an open and permissionless platform. Its primary objective is to offer on-chain services to various stakeholders in the emerging DeFi ecosystem, which includes DAOs, institutional investors, and mainstream retail investors.
OndoFinance leverages automated market-making (AMM) algorithms and yield farming techniques to offer liquidity for stablecoins, such as USDC and DAI. By depositing their stablecoins into Ondo Finance’s liquidity pools, users can earn Ondo tokens as rewards. These tokens can be utilized to engage in the platform’s governance and decision-making procedures.
The platform is built on Ethereum and mainly specializes in providing yield optimization and liquidity for stablecoins within the DeFi space.
Ondo Finance raised $34 Million from 24 investors including Wintermute, Pantera Capital, Coinbase Ventures and GoldenTree.
Ondo Finance has confirmed the creation of its governance token, $ONDO. In addition, the platform has announced an airdrop for early users. find more details on Ondo docs.
How do I become eligible for Ondo Finance Airdrop?
Step 1: Go to https://fluxfinance.com & Connect your Ethereum wallet.
Step 2: Supply DAI, USDC or OUSG
Step 3: Borrow USDC or DAI (50-60% of your total supply)
Tip : I recommended to have a good volume of $1k to $10k, Do transactions.Warning : The platform is built on Ethereum, ETH Gas fees are very high. This is not financial advice DYOR before investing.
