It is with profound sadness that we announce the unexpected passing of Nathan Allman, Ondo's founder. Our hearts are with his family and loved ones.
Nate’s brilliance, humility, and drive shaped every part of what Ondo is today. His belief in the power of technology to create a more open, accessible financial system lives on in everything we build. The impact he had on this industry, and on all of us personally, cannot be overstated.
Nate also helped us build a durable organization with experienced leaders across all facets of the business. Ian De Bode, Ondo Finance’s longtime President, will serve as CEO. Ian has been leading our strategy, product, and day-to-day operations for over two years and has the full confidence of the leadership team.
We will continue building what Nate started. That is the most meaningful way we know to honor him.
As part of today’s release, we are sunsetting loss refunds. All revenue previously directed to loss refunds will now be directed to the protocol treasury, doubling the percentage of revenue contributed to the treasury.
We’re moving toward proactive rewards (like spread rebates) that benefit users on every trade, regardless of the outcome. This ensures that rewards are more consistent, Sybil-resistant, and accessible to traders of all sizes.
We will continue to both add new reward mechanisms and direct a larger portion of revenue to the treasury over time, with the ongoing goal of making Variational the most rewarding place to trade.
Thanks for your continued support!
Dear Traders,
We are pleased to add GRVT into the list of approved VASPs.
Now, you can securely transfer digital assets from / to this exchange.
For all transfers from GRVT, please inform us when you have initiated a transfer from GRVT to UBSG.
You can do so by going to Support -> Submit Request -> Deposit & Withdrawal - Digital Asset
For more information, please refer to this link:
https://t.co/gizzs96rGB
Thank you.
Upbit Team.