Published in: Blog

Ondo Finance Airdrop – A Promising Opportunity Supported by Coinbase Venture

Author Duy

Published on: January 12, 2024

Ondo Finance Airdrop – A Promising Opportunity Supported by Coinbase Venture. In this blog, we are going to learn about Ondo Finance Airdrop and how to increase your Ondo points for the airdrop.

Table of Contents

What is Ondo Finance?

Ondo Finance is a DeFi platform that focuses on providing liquidity and yield optimization for stablecoins. It also offers tokenized versions of traditional financial products, such as treasury and corporate bonds. Ondo Finance has a native token called ONDO, which is used for governance and rewards in the ecosystem.

One of the ways to obtain ONDO tokens is through the Ondo Airdrop, which is a campaign that aims to broaden the reach of the protocol and grant individuals an opportunity to experience the benefits of ONDO tokens firsthand. The Ondo Airdrop is available now via Binance Smart Chain. To participate, users need to follow some simple steps, such as connecting their wallet, verifying their identity, and completing some tasks. The airdrop rewards are distributed based on the user’s level of engagement and contribution to the Ondo community.

Ondo Finance has received funding from several prominent investors in the crypto and venture capital space. Some of the backers include:

Founders Fund, the venture capital firm founded by Peter Thiel, which led the $20 million Series A round in April 2022.
Pantera Capital, one of the largest and oldest crypto funds, which co-led the Series A round with Founders Fund.
Binance, the world’s leading cryptocurrency exchange, which participated in the seed round in November 2021.
Coinbase Ventures, the investment arm of the popular crypto platform, which also joined the seed round.
Dragonfly Capital, a crypto-focused venture firm that invests in both the US and Asia, which backed the seed round as well.
Galaxy Digital, a diversified financial services and investment management company in the digital asset sector, which was part of the seed round too.
Polychain Capital, a leading crypto asset manager that supports projects at various stages of development, which also supported the seed round.

How to increase points for the Ondo Finance Airdrop?

Introducing Ondo Points: A Reward Program for the Ondo Community

The Ondo Foundation launched the Ondo Points program, a new way to incentivize and recognize the contributions of our community members. Ondo Points are tokens that can be earned by engaging with the Ondo Ecosystem, such as joining the community discussions, voting on the DAO proposals, and utilizing the Ondo products and services.

Ondo Points can be redeemed for various rewards, such as ONDO tokens, NFTs, merchandises, and more. The Ondo Points program consists of three campaigns, each with different tasks and goals. You can choose to participate in one or more campaigns, depending on your interests and preferences. The more you participate, the more points you earn!

Held stable coins.

This is a very simple task as you only need to have stable coin in your wallet. But the catch is to qualify for earning points, wallets must have held uninvested USDC or USDT between the launch of OUSG on January 26, 2023, and the conclusion of 2023. Points must be claimed by March 31.

To claim your points:

Go to Points | Ondo Foundation.
Connect your wallet.
Connect your X (former Twitter) account to the site.
Follow Ondo on X.
Claim your points.

Ondo finance airdrop held stablecoins

Lend Stablecoins on Flux.

If you don’t hold any stable coins in the time frame period mentioned above, don’t worry, there are more ways the get points. Lending stablecoins on Flux is one of the options.

Flux is a decentralized lending protocol by Ondo Finance, allowing users to lend and borrow stablecoins using tokenized US Treasuries. It operates on the Compound v2 protocol, accepting OUSG as the sole collateral, backed by regulated providers and offering exposure to low-volatility assets.

Go to Flux finance and proceed to lend stablecoins.

Ondo finance airdrop Flux ondo page

Join Ondo Community.

The Ondo Ecosystem boasts more than 81,000 members across Twitter, Discord, and Telegram, with an additional 18,000 joining during 2022 CoinList sale.

Eligibility:

Points can be earned by any member of the Ondo community, including newcomers. Join us on Twitter (@OndoFoundation, @FluxDeFi, @OndoFinance), Discord (Ondo DAO), and Telegram (Ondo DAO Community, Ondo DAO Announcements).

How to Claim:

Visit Join Ondo Finance on Galxe.
Confirm your participation in each community channel to accrue points.

Ondo finance airdrop galxe

Join Ondo Ecosystem

Get rewarded for engaging with the Ondo Ecosystem in various ways!

DAO Governance:

Hold ONDO tokens in your wallet and earn points, with bonus points for long-term holders.
Participate in governance activities, delegate your voting power, or vote on proposals to earn points. Additional bonuses for active delegates.

USDY:

Hold USDY tokens to earn points and interest. Avoid losing yield on uninvested stablecoins. Bonus points for holding USDY across multiple chains.
Earn points by minting new USDY tokens. Learn more about the process.

DeFi Ecosystem:

Utilize Ondo assets across various DeFi protocols. Earn points by leveraging Ondo assets like USDY on platforms such as Uniswap, Kamino, Orca, Curve, and more. Bonus points for engagement across multiple protocols.

Mystery Quests:

Earn points through undisclosed actions within the Ondo Ecosystem. Can you uncover the secrets?

Manage your assets with KEYRING PRO Wallet.

When entering the cryptocurrency market, in addition to thoroughly researching projects and preparing essential knowledge, the second crucial aspect is ensuring that you equip yourself with a secure and reliable cryptocurrency wallet.

The KEYRING PRO Wallet is the perfect choice for you. It is a secure and reliable wallet with a user-friendly interface. It allows you to create wallets for any chain you desire and also enables the addition of new chains for easily generating addresses.

To add new chains to the wallet, follow these steps: