Ondo says its own US stock RWA token QQQon / SPYon can now be used as collateral on Morpho.
But it's not showing up on Morpho yet...
Am I just not finding it?!
SPDR S&P 500 Tokenized ETF (Ondo) Дані про ціни в реальному часі
SPDR S&P 500 Tokenized ETF (Ondo) SPYon Історія зміни цін USD
Стати власником SPYon зараз
Купуйте та продавайте SPYon легко та безпечно на BitMart.Заробити
Залучайте неактивну криптовалюту до роботи та легко отримуйте пасивний дохід через заощадження, стейкінг та інші послуги.SPDR S&P 500 Tokenized ETF (Ondo) X Інсайт
Tokenized stocks now live in DeFi lending.
SPYon and QQQon are available for use as collateral on @Morpho, with borrowing liquidity supplied by RWA-focused vaults curated by @gauntlet_xyz.
This marks a major step forward for @ethereum DeFi - where institutional-grade RWAs can now be deployed productively onchain.
@nathanlallman @0xSmerfik @OndoFinance @Securitize maybe you can answer out this one ser:
https://t.co/RFJFHDLcdY
For example I checked out @OndoFinance SP500 ticker SPYon which has a mcap of 25m.
Let's say I mint SPYon for $5m. I now own 16% of the total share of SPYon. My biggest concern is if I am always backed 1:1? Or if there are liquidity issues?
Not only my concern, but it is what preventing us from massive adoption I think.
The screenshare shows 1:1 conversion, but I am just curious if it works like this in practice too with higher amounts.
@Route2FI @0xSmerfik @OndoFinance @Securitize What about this makes you think it is going to be better? This is going to be fully permissioned.
