Convert OUSG OUSG to Synthetix Network Token SNX
OUSG to SNX: 1 OUSG converts to 497.91 SNX
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About OUSG and SNX
OUSG is climbing, while Synthetix Network Token is falling this week. The current OUSG to SNX conversion rate is 497.91. Inversely, this means that if you convert 1 SNX you will get 0.002008 OUSG. The conversion rate of OUSG/SNX has decreased by 0.65% in the last hour (SNX/OUSG increased by 0.65%). In the last 24 hours, OUSG/SNX grew by 8.39%, while SNX/OUSG shrunk by the same amount.
The exchange rate of OUSG is increasing. The current value of 1 OUSG is 497.91 SNX. In other words, to buy 5 OUSG, it would cost you 2,489.57 SNX. Inversely, 1 SNX would allow you to trade for 0.002008 OUSG while 50 SNX would convert to 0.1004 OUSG, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 4.37%. Meanwhile, in the last 24 hours, the rate has changed by 6.25%, which means that the highest exchange rate of 1 OUSG to SNX was 503.33 SNX and the lowest 24 hour value was 1 OUSG for 463.99 SNX. Last month, 1 OUSG was worth 451.03 SNX. Today, it's up 9.42%. Looking back a year, OUSG has changed by 197.15 SNX. That means that in a single year, the value of OUSG has grown by 60.4%.
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.
Synthetix Network Token Market Stats
Synthetix Network Token (SNX) is an Ethereum token that powers Synthetix, a decentralised synthetic asset issuance protocol. Synthetic assets are minted when token holders stake their SNX as collateral using Mintr, a decentralised application for interacting with the Synthetix contracts. The protocol currently supports synthetic fiat currencies, cryptocurrencies, and commodities.
Conversion tables
OUSG to SNX values from Today at 12:16 am
0.5 OUSG = 248.96 SNX |
1 OUSG = 497.91 SNX |
5 OUSG = 2,489.57 SNX |
10 OUSG = 4,979.13 SNX |
50 OUSG = 24,895.67 SNX |
100 OUSG = 49,791.34 SNX |
500 OUSG = 248,956.71 SNX |
1,000 OUSG = 497,913.42 SNX |
SNX to OUSG values from Today at 12:17 am
0.5 SNX = 0.001004 OUSG |
1 SNX = 0.002008 OUSG |
5 SNX = 0.01004 OUSG |
10 SNX = 0.02008 OUSG |
50 SNX = 0.1004 OUSG |
100 SNX = 0.2008 OUSG |
500 SNX = 1.00 OUSG |
1,000 SNX = 2.01 OUSG |
OUSG to SNX over time
OUSG | Today | 24H 6.25% | 1M 9.42% | 1Y 60.40% |
|---|---|---|---|---|
0.5 OUSG | 248.96 SNX | 233.40 SNX | 225.51 SNX | 98.58 SNX |
1 OUSG | 497.91 SNX | 466.79 SNX | 451.03 SNX | 197.15 SNX |
5 OUSG | 2,489.57 SNX | 2,333.97 SNX | 2,255.15 SNX | 985.75 SNX |
10 OUSG | 4,979.13 SNX | 4,667.94 SNX | 4,510.30 SNX | 1,971.50 SNX |
50 OUSG | 24,895.67 SNX | 23,339.69 SNX | 22,551.50 SNX | 9,857.51 SNX |
100 OUSG | 49,791.34 SNX | 46,679.38 SNX | 45,103.00 SNX | 19,715.02 SNX |
500 OUSG | 248,956.71 SNX | 233,396.92 SNX | 225,514.99 SNX | 98,575.11 SNX |
1,000 OUSG | 497,913.42 SNX | 466,793.83 SNX | 451,029.98 SNX | 197,150.23 SNX |
Frequently asked questions
Right now, 1 OUSG is worth about $115.76.
Based on the current rate, you could get 0.008638 OUSG for 1 USD.
You can use our OUSG to USD calculator at the top of this page to convert any amount of OUSG to USD. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 USD is equivalent to 0.04319 OUSG. Inversely, 5 OUSG will cost about $578.82
OUSG can be custodied on Coinbase Wallet. Check out our guide to get more detailed instructions on how to buy OUSG.
There are a number of crypto assets that have the a similar or comparable market cap to OUSG, including Layer4 Network, iETH v1, and HyperBC. For a more robust list of assets to explore, jump to the asset page dedicated to OUSG.
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