About OUSG and LIT
OUSG is climbing, while Litentry is falling this week. The current OUSG to LIT conversion rate is 1,176.75. Inversely, this means that if you convert 1 LIT you will get 0.0008498 OUSG. The conversion rate of OUSG/LIT has increased by 0.49% in the last hour (LIT/OUSG decreased by 0.49%). In the last 24 hours, OUSG/LIT grew by 3.88%, while LIT/OUSG shrunk by 3.73%.
The exchange rate of OUSG is increasing. The current value of 1 OUSG is 1,176.75 LIT. In other words, to buy 5 OUSG, it would cost you 5,883.74 LIT. Inversely, 1 LIT would allow you to trade for 0.0008498 OUSG while 50 LIT would convert to 0.04249 OUSG, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 9.06%. Meanwhile, in the last 24 hours, the rate has changed by 4.95%, which means that the highest exchange rate of 1 OUSG to LIT was 1,175.23 LIT and the lowest 24 hour value was 1 OUSG for 1,100.78 LIT. Last month, 1 OUSG was worth 770.64 LIT. Today, it's up 52.7%. Looking back a year, OUSG has changed by 486.63 LIT. That means that in a single year, the value of OUSG has grown by 141.81%.
OUSG Market Stats
OUSG is a tokenized short-term US Treasury bills ETF, overseen and managed by Ondo Capital Management, a subsidiary of Ondo Finance. The significant majority of this portfolio is held in the iShares Short Treasury Bond ETF (NASDAQ: SHV). There is also a small portion of USDC and USD for liquidity purposes. OUSG brings exposure to the ‘risk-free’ US Treasury rate on-chain for the first time. OUSG is an investment option that delivers a stable and predictable return while offering deep liquidity. Ondo funds such as OUSG only ever invest into ETFs backed by secure, stable, and liquid securities; these are the same assets in which trillions of dollars are invested every day by the world's largest institutions. OUSG was developed alongside two other fund tokens, OSTB and OHYG, by Ondo Finance, a software development firm in DeFi. Ondo launched in August 2021. Its first product was Ondo Vaults, a structured finance protocol on Ethereum. Later that year, Ondo launched Liquidity-as-a-Service (LaaS), facilitating over $210M in total liquidity provided. As DeFi yields compressed in 2022, the Ondo team decided to sunset Vaults and LaaS (together, "Ondo V1") to focus on next-generation protocols. Ondo V2, including Ondo’s tokenized funds, were announced by Nathan Allman in January 2023. Ondo funds subsequently opened to subscriptions soon after. What can OUSG be Used For? For investors who pass KYC and AML screening and sign subscription documents, OUSG tokens represent ownership in the fund. Investors can transfer these tokens between each other to effect changes in fund ownership. Investors can also use smart contracts to facilitate their financial arrangements such as by engaging in lending and trading activities with each other. The tokens themselves have transfer restrictions that will ensure they do not end up in the hands of anyone not appropriately qualified as an investor in the fund.
Litentry Market Stats
LIT is the native token of the Litentry parachain network. Litentry is a Decentralized Identity Aggregator, supporting on-chain identity verification and management for decentralized applications and their users.
Conversion tables
OUSG to LIT values from Today at 3:03 pm
0.5 OUSG = 588.37 LIT |
1 OUSG = 1,176.75 LIT |
5 OUSG = 5,883.74 LIT |
10 OUSG = 11,767.48 LIT |
50 OUSG = 58,837.42 LIT |
100 OUSG = 117,674.84 LIT |
500 OUSG = 588,374.21 LIT |
1,000 OUSG = 1,176,748.41 LIT |
LIT to OUSG values from Today at 3:01 pm
0.5 LIT = 0.0004249 OUSG |
1 LIT = 0.0008498 OUSG |
5 LIT = 0.004249 OUSG |
10 LIT = 0.008498 OUSG |
50 LIT = 0.04249 OUSG |
100 LIT = 0.08498 OUSG |
500 LIT = 0.4249 OUSG |
1,000 LIT = 0.8498 OUSG |
OUSG to LIT over time
OUSG | Today | 24H 4.72% | 1M 34.51% | 1Y 58.65% |
|---|---|---|---|---|
0.5 OUSG | 588.37 LIT | 560.60 LIT | 385.32 LIT | 243.32 LIT |
1 OUSG | 1,176.75 LIT | 1,121.20 LIT | 770.64 LIT | 486.63 LIT |
5 OUSG | 5,883.74 LIT | 5,606.02 LIT | 3,853.18 LIT | 2,433.17 LIT |
10 OUSG | 11,767.48 LIT | 11,212.05 LIT | 7,706.36 LIT | 4,866.34 LIT |
50 OUSG | 58,837.42 LIT | 56,060.25 LIT | 38,531.80 LIT | 24,331.69 LIT |
100 OUSG | 117,674.84 LIT | 112,120.50 LIT | 77,063.60 LIT | 48,663.39 LIT |
500 OUSG | 588,374.21 LIT | 560,602.50 LIT | 385,317.98 LIT | 243,316.93 LIT |
1,000 OUSG | 1,176,748.41 LIT | 1,121,205.00 LIT | 770,635.96 LIT | 486,633.85 LIT |
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