Just hearing “zero interest” could easily make people think they can already borrow stablecoins against tokenized stocks.
At 22:39 Beijing time on November 12, Ondo, which makes tokenized assets, officially announced that after the lending protocol Spout Finance launches on Solana, it will accept Ondo Stocks as collateral so users can borrow USDC. Ondo Stocks is a product that represents stocks and ETFs as on-chain shares. A post on the official website says borrowers can borrow up to half the value of their collateral, and Spout itself charges no interest. Lenders’ returns come from selling call options on the corresponding stocks in traditional markets and using the premiums received to cover them. If a stock rises above the agreed price, the borrower has to give up the excess gains. The official announcement also says this is for investors outside the United States.
“Zero interest” can easily sound like there are no strings attached. The more important point is timing: this feature will only become available after the protocol launches, and borrowing is not yet possible.
We’ll have to wait until Spout actually opens up these collateralized loans on Solana. If the launch is delayed, the official terms change the zero-interest offer or the 50% limit, or the feature never becomes available, this will remain just an announced partnership.
$ONDO
#ONDO #Ondo #Cryptocurrency
At 22:39 Beijing time on November 12, Ondo, which makes tokenized assets, officially announced that after the lending protocol Spout Finance launches on Solana, it will accept Ondo Stocks as collateral so users can borrow USDC. Ondo Stocks is a product that represents stocks and ETFs as on-chain shares. A post on the official website says borrowers can borrow up to half the value of their collateral, and Spout itself charges no interest. Lenders’ returns come from selling call options on the corresponding stocks in traditional markets and using the premiums received to cover them. If a stock rises above the agreed price, the borrower has to give up the excess gains. The official announcement also says this is for investors outside the United States.
“Zero interest” can easily sound like there are no strings attached. The more important point is timing: this feature will only become available after the protocol launches, and borrowing is not yet possible.
We’ll have to wait until Spout actually opens up these collateralized loans on Solana. If the launch is delayed, the official terms change the zero-interest offer or the 50% limit, or the feature never becomes available, this will remain just an announced partnership.
$ONDO
#ONDO #Ondo #Cryptocurrency
