Ondo Finance focuses on tokenizing real-world assets (RWAs) to bring traditional financial products into DeFi, targeting institutional and advanced DeFi users seeking yield from assets like bonds and treasuries. Usual issues a stablecoin designed to redistribute value back to its holders, appealing to users who prioritize decentralized stablecoin utility and passive income from protocol revenue. The key difference is Ondo’s emphasis on RWA-backed yield products versus Usual’s focus on a value-accruing stablecoin.
| Token Price | — | — |
| 24h Change | — | — |
| Market Cap | — | — |
| TVL | $3.51BDefiLlama | $96.9MDefiLlama |
| MCap Rank | #44 | #928 |
| Total Raised | $56.0M | $18.5M |
| Founded | 2021 | 2022 |
| Stage | — | — |
| X / Twitter | 376K | 110K |
| GitHub Stars | 36 | — |
| Chains | aptosarbitrumavalanche | basebnb-chainethereum |
| Tags | DeFi, Asset Management, RWA | RWA, Stablecoin Protocol, DeFi |
Ondo Foundation launched the Ondo DAO, which governs Flux Finance, a lending protocol for tokenized securities. The project aims to democratize access to institutional-grade finance through tokenized real-world assets and perpetuals.
Usual is a DeFi protocol centered around USD0, a stablecoin backed by real-world assets, and its revenue token USUAL. It redistributes value generated by users through yields and protocol growth exposure.