📄️ How It Works
Ondo I LP — the fund entity that issues the OUSG token — follows a standard fund structure with a limited and general partner and third-party service providers, including qualified custodians where all assets are held, a fund administrator who is responsible for the fund’s accounting and investor reporting, and a financial auditor. We’ve summarized the main parties involved below, as well as provided an outline of the subscription and redemption process.
📄️ Asset Strategy
When you invest your USDC (or other stablecoins) in OUSG, five basic steps are taken:
📄️ Risk Metrics
Because Ondo funds currently provide exposure to a single ETF plus cash, Ondo sets its fund rating equal to its estimate of the underlying ETF credit rating. This in turn is determined by calculating the weighted average credit rating of the ETF's portfolio using the following procedure: