Ondo Finance and Fei Protocol launch Liquidity-as-a-Service (LaaS) - Aliens: AI Crypto News & Markets Updates

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Ondo Finance and Fei Protocol launch Liquidity-as-a-Service (LaaS)

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Aliens

Thu, Nov 25, 2021

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Ondo Finance and Fei Protocol recently launched Liquidity-as-a-Service (LaaS) to help DeFi protocols such as UMA, GRO, FOX, and NEAR increase the liquidity of decentralized exchanges.

Fei’s initial commitment of US$50 million to the program how been doubled through partners for a total US$100 million. According to Ondo, this amount will be deployed into the plan in the next few weeks in a new liquidity pool on Uniswap. This aims to establish USD-denominated liquidity for participants' tokens.

Source: Medium

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