What are the potential use cases for ONT token in the decentralized finance (DeFi) industry?

1 answers

• Mar 23, 2022 · 3 years ago
  The ONT token, issued by the Ontology blockchain platform, has several potential use cases in the decentralized finance (DeFi) industry. It can be used as a utility token within the Ontology ecosystem, providing access to various DeFi services and applications. ONT token holders can participate in yield farming, liquidity mining, and other DeFi activities to earn rewards and incentives. Additionally, ONT tokens can be used for governance purposes, allowing token holders to vote on protocol upgrades and changes. Furthermore, ONT tokens can be utilized as collateral for borrowing and lending in decentralized lending platforms, enabling users to access funds or earn interest on their holdings. Overall, the ONT token offers a range of opportunities for users to engage with and benefit from the DeFi industry.
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