Convert Drift Protocol DRIFT to OUSG OUSG
DRIFT to OUSG: 1 Drift Protocol converts to 0.000102 OUSG
Buy Drift Protocol with Coinbase
Create a Coinbase account to buy and sell Drift Protocol on the most trusted crypto exchange. Learn more
About DRIFT and OUSG
Drift Protocol is climbing, while OUSG is falling this week. The current DRIFT to OUSG conversion rate is 0.000102. Inversely, this means that if you convert 1 OUSG you will get 9,800.29 DRIFT. The conversion rate of DRIFT/OUSG has increased by 0.17% in the last hour (OUSG/DRIFT decreased by 0.17%). In the last 24 hours, DRIFT/OUSG grew by 1.32%, while OUSG/DRIFT shrunk by 1.3%.
The exchange rate of Drift Protocol is increasing. The current value of 1 DRIFT is 0.000102 OUSG. In other words, to buy 5 Drift Protocol, it would cost you 0.0005102 OUSG. Inversely, 1 OUSG would allow you to trade for 9,800.29 DRIFT while 50 OUSG would convert to 490,014.60 DRIFT, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 3.61%. Meanwhile, in the last 24 hours, the rate has changed by 0.6%, and that the highest exchange rate of 1 DRIFT to OUSG was 0.0001084 OUSG and the lowest 24 hour value was 1 DRIFT for 0.00009937 OUSG. Last month, 1 DRIFT was worth 0.0001588 OUSG. Today, it's down 35.74%. Looking back a year, Drift Protocol has changed by 0.003319 OUSG. That means that in a single year, the value of Drift Protocol has shrank by 96.93%.
Drift Protocol Market Stats
DRIFT is the governance token of Drift Protocol, a decentralized trading platform built on Solana. It lets holders participate in the Drift ecosystem through governance and staking.
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.
Conversion tables
DRIFT to OUSG values from Today at 12:25 am
0.5 DRIFT = 0.00005102 OUSG |
1 DRIFT = 0.000102 OUSG |
5 DRIFT = 0.0005102 OUSG |
10 DRIFT = 0.00102 OUSG |
50 DRIFT = 0.005102 OUSG |
100 DRIFT = 0.0102 OUSG |
500 DRIFT = 0.05102 OUSG |
1,000 DRIFT = 0.102 OUSG |
OUSG to DRIFT values from Today at 12:25 am
0.5 OUSG = 4,900.15 DRIFT |
1 OUSG = 9,800.29 DRIFT |
5 OUSG = 49,001.46 DRIFT |
10 OUSG = 98,002.92 DRIFT |
50 OUSG = 490,014.60 DRIFT |
100 OUSG = 980,029.21 DRIFT |
500 OUSG = 4,900,146.03 DRIFT |
1,000 OUSG = 9,800,292.06 DRIFT |
DRIFT to OUSG over time
DRIFT | Today | 24H 0.60% | 1M -55.63% | 1Y -3,152.85% |
|---|---|---|---|---|
0.5 DRIFT | 0.00005102 OUSG | 0.00005071 OUSG | 0.0000794 OUSG | 0.00166 OUSG |
1 DRIFT | 0.000102 OUSG | 0.0001014 OUSG | 0.0001588 OUSG | 0.003319 OUSG |
5 DRIFT | 0.0005102 OUSG | 0.0005071 OUSG | 0.000794 OUSG | 0.0166 OUSG |
10 DRIFT | 0.00102 OUSG | 0.001014 OUSG | 0.001588 OUSG | 0.03319 OUSG |
50 DRIFT | 0.005102 OUSG | 0.005071 OUSG | 0.00794 OUSG | 0.166 OUSG |
100 DRIFT | 0.0102 OUSG | 0.01014 OUSG | 0.01588 OUSG | 0.3319 OUSG |
500 DRIFT | 0.05102 OUSG | 0.05071 OUSG | 0.0794 OUSG | 1.66 OUSG |
1,000 DRIFT | 0.102 OUSG | 0.1014 OUSG | 0.1588 OUSG | 3.32 OUSG |
Buy Drift Protocol with Coinbase
Create a Coinbase account to buy and sell Drift Protocol on the most trusted crypto exchange. Learn more
Related conversions
Discover other cryptocurrencies to currency conversions
Discover other cryptocurrency conversions
Start your crypto portfolio today
Sign up for a Coinbase account today and see what the world of decentralized finance can do for you.
This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.
This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Coinbase to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Coinbase exchange as well as other cryptocurrency exchanges and market data platform. Coinbase may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content.