Overview
- Ondo’s Chainlink-powered price feeds are live on Ethereum, making SPYon, QQQon, and TSLAon eligible as collateral on lending venues such as Euler to borrow stablecoins.
- The oracles incorporate dividends and stock splits and help set collateral parameters and liquidation thresholds for risk management.
- The rollout links traditional exchange liquidity with Chainlink’s decentralized data to support lending, vault strategies, and other structured products in DeFi.
- AMBCrypto reports activation on February 11 and says cumulative trading volume surpassed $7 billion, TVL topped $500 million, and listings expanded to more than 200 equities across multiple chains.
- The shift moves Ondo’s tokenized stocks from simple exposure vehicles to composable assets suited for broader onchain use.