The leading RWA project in tokenized U.S. Treasuries
Open now
Live · $ONDO
$24M
Founders Fund
Pantera Capital
Coinbase Ventures2026-08-03
Potential is AirdropAgent's editorial assessment and does not confirm an official distribution.
Tasks
Participation programme live- Visit ondo.finance (non-U.S. residents) and connect a wallet via Launch App (free).
- Mint USDY or OUSG using USDC (minimum amount not confirmed).
- Hold your position to accrue daily yield (USDY 3.55% APY, OUSG 3.43% APY, variable).
- ONDO itself can be bought on major exchanges (TGE completed, transfer restrictions lifted Jan 18, 2024).
Funding & investors
Overview
Ondo is a major RWA player offering tokenized Treasury products (USDY, OUSG) and Ondo Stocks. ONDO already had its TGE, but USDY and OUSG remain active yield-bearing products today. Ecosystem expansion continues via Ondo Network and partnerships such as SBI.
Analysis
Per DefiLlama, Ondo Yield Assets holds about $2.52B in TVL and Ondo Global Markets about $923.5M. Per CoinGecko, ONDO's market cap is about $1.83B with an FDV of about $3.75B. The token has fallen roughly 82% from its ATH of $2.14 to around $0.37, and over 85% of supply is locked, unlocking across 12-60 month tranches — a real overhang risk. USDY (3.55% APY) and OUSG (3.43% APY) are backed by real Treasury yield, which supports credibility. However, USDY and Ondo Stocks are not available to U.S. residents. I found no new ONDO airdrop campaign; what's earnable today is mainly product yield.
Related guides & analysis
Token & distribution status
- Token
- Live
- Ticker
- $ONDO
- TGE
- Not announced
- Allocation
- Published
Allocation
Ondo Points (pre-TGE): A points program run before the ONDO TGE, with fragmentary reports of a reward claim deadline of July 11, 2026 (eligibility unclear). TGE (Jan 18, 2024): ONDO transfer restrictions were lifted. Of the 10B total supply, over 85% was locked, unlocking across 12-60 month tranches. Exact distributed percentage, snapshot dates, and claim deadlines are not fully confirmed.
Tokenomics
Total supply is 10B ONDO. At TGE, over 85% of supply was locked, unlocking across 12/24/36/48/60-month tranches. Detailed team/investor/community allocation breakdown is not confirmed.
AirdropAgent view
This is our analysis of public information, not an official programme rule.
What you can join today is USDY/OUSG yield. Simply minting with USDC and holding accrues daily yield — no extra quests required. U.S. residents cannot use USDY or Ondo Stocks, so OUSG (institutional) or buying ONDO on an exchange are the alternatives. Since there's no new ONDO airdrop campaign, farming for points is not currently viable.
Security & risks
Verified security information
Ondo's docs reference a Quantstamp audit of 'Ondo Finance V2', though the audit date is not confirmed. The official site lists a Bug Bounty program. No major past hack has been confirmed.
Key risks
- Over 85% of the 10B ONDO supply is locked, unlocking over 12-60 months, a future sell-pressure risk.
- ONDO has fallen roughly 82% from its ATH of $2.14.
- USDY and Ondo Stocks are not available to U.S. residents.
- An audit exists but its date is unconfirmed, so coverage of the latest code is unclear.
Recent moves on X
Ondo@Ondo·The institutional era of tokenization is here. This week, Ondo launched Intelligent Portfolios, expanded tokenized stock access, and became the #1 tokenized Treasury provider by TVL. Latest news ↓ 1️⃣ Ondo launches Intelligent Portfolios The first three portfolios are based o…
Ondo@Ondo·ICYMI in the Wall Street Journal: Tokenization is gaining momentum as financial markets enter a new era. https://t.co/JVRdbVNjpB https://t.co/ki7CBSDfDV
Ondo@Ondo·https://t.co/DJRZp5uUqa
Only posts about joining or distribution, shown as posted. Click through for the original.
What's next
Ondo Network, an evolution of Ondo's infrastructure, was announced in July 2026. Ondo Stocks continues expanding partnerships with SBI, Broadridge, and Mirae Asset, including plans to tokenize Japanese equities. Oasis Pro Markets secured FINRA authorization.
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