CMC News

#Chainlink Powers Price Feeds for Ondo Tokenized Stocks

Ondo Finance integrated Chainlink as its official data oracle on Wednesday, enabling price feeds for tokenized U.S. stocks on $ETH. The integration supports SPYon, QQQon, and TSLAon, allowing the tokenized equities to serve as collateral in DeFi lending markets.

The feeds are now operational on Euler, where users can post #tokenized #equities as collateral to borrow stablecoins. The integration provides on-chain pricing data for the tokenized assets, allowing #DeFi protocols to set collateral parameters and manage liquidations based on reference prices tied to underlying equities.

The feeds integrate corporate actions such as dividends. Applications can reference updated equity values that reflect these events. Initial support covers SPYon, representing the SPDR S&P 500 ETF, QQQon for the Invesco QQQ ETF, and TSLAon for Tesla stock.

Ondo said additional tokenized stocks and exchange-traded funds will be added as oracle coverage and protocol integrations expand. Risk parameters for the new lending markets, including collateral factors and liquidation thresholds, are being set and monitored by Sentora.

Ondo stated the move addresses a limitation for tokenized equities. The assets had largely been held for price exposure but were rarely accepted as #collateral in DeFi. By pairing exchange-linked liquidity with on-chain price feeds, the companies aim to enable broader use of tokenized stocks in lending and structured products.