What kind of token is ondo?

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Economic parameters, such as fee structures and token allocation, are among the key issues that ONDO holders can vote on. These decisions have a direct impact on the overall functioning and growth potential of the DAO.

Additionally, smart contract upgrades are also subject to voting by ONDO holders. As the Ondo Finance ecosystem evolves, it becomes necessary to update and improve the underlying smart contracts to ensure their security, efficiency, and scalability.

Ondo Finance is a decentralized autonomous organization (DAO) that utilizes a governance token known as ONDO. This token plays a pivotal role in the decision-making processes within the DAO.

The management of the DAO itself is also under the purview of ONDO holders. They can vote on proposals related to the structure, operations, and strategic direction of the DAO, ensuring that it remains aligned with the community's vision and goals.