ONDO: Institutional security vs. retail risk?

The story sounds almost too perfect: backed by BlackRock, tokens linked to U.S. Treasury bonds (OUSG), clear regulation… But there’s one detail that doesn’t appear in the press releases.

The elephant in the room: 85% of tokens still not circulating

Here’s the catch. While big investors buy OUSG (the “safe” product), retail investors are all-in on the governance token ONDO. The crucial difference:

For institutions:

• They buy the asset (OUSG) = real bonds, predictable income streams
• Low risk, guaranteed returns

For us:

• We buy a governance token hoping the protocol grows
• But there’s a sword of Damocles: unlock schedules that could flood the market every quarter

Why does this matter?

When VCs and teams unlock their tokens, selling pressure can be brutal. Not because the protocol fails, but due to simple market mechanics: millions of tokens looking for an exit simultaneously.

The point: ONDO may be a legitimate protocol, but the risk isn’t in the technology—it’s in the incentive structure. It’s a game where the rules clearly favor those who got in first.

⚠️ Before FOMO, review the full vesting schedule. The numbers don’t lie.