#### What is OnX Finance? OnX Finance is a [decentralized finance](https://www.coinbase.com/learn/crypto-basics/what-is-defi) hub that specializes in collateralized token products. It aims to build platforms and contracts that facilitate swapping, lending, borrowing, [yield](https://blog.coinbase.com/around-the-block-7-understanding-yield-farming-and-the-latest-developments-in-defi-ef9f1ac910fb) farming, and more with emerging collateralized [tokens](https://www.coinbase.com/learn/crypto-basics/what-is-a-token) and assets. OnX Finance is the first platform of its kind to specifically target collateralized tokens, including LP tokens, yield-earning tokens, and the newly-emerged Bond tokens. The platform seeks to fill a gap in the existing decentralized finance ecosystem by providing a hub specifically for collateralized tokens. #### How does OnX Finance work? OnX Finance operates by enabling various financial activities with collateralized tokens. It provides services such as an [Automated Market Maker](https://help.coinbase.com/en/coinbase/getting-started/crypto-education/glossary/automated-market-maker--amm-) (AMM), Lending, Yield Farming, and Insurance. The platform also allows [Ethereum](https://www.coinbase.com/learn/crypto-basics/what-is-ethereum) [stakers](https://www.coinbase.com/learn/crypto-basics/what-is-staking) to participate in the beacon chain with as little as 0.5 ETH, and up to an unlimited amount of ETH with a single transaction. Users receive an equivalent amount of the synthetic token ankrETH (aETH) in return for their Ethereum staked on the beacon chain until it is redeemable for the rewards. OnX Finance aims to be the go-to platform for this emerging market. #### What are the potential use cases for OnX Finance? OnX Finance has a wide range of potential use cases. It can be used for swapping, lending, borrowing, and yield farming with collateralized tokens. It also allows users to participate in Ethereum [staking](https://help.coinbase.com/en/coinbase/trading-and-funding/staking-rewards/eth-2-0-staking) without having to stake exactly 32 ETH or manage [node](https://help.coinbase.com/en/coinbase/getting-started/crypto-education/glossary/node) servers 24/7. Users can receive an equivalent amount of the synthetic token ankrETH in return for their Ethereum staked on the beacon chain. This makes OnX Finance a valuable tool for those looking to participate in the decentralized finance ecosystem without the need for significant capital or technical expertise. #### What is the history of OnX Finance? OnX Finance was launched with the goal of filling a gap in the existing decentralized finance ecosystem. The team behind OnX Finance saw a need for a platform that specifically targets collateralized tokens, and they set out to create it. Since its launch, OnX Finance has grown and evolved to offer a range of services, including an Automated Market Maker (AMM), Lending, Yield Farming, and Insurance. The platform has also made it easier for users to participate in Ethereum staking by allowing them to stake as little as 0.5 ETH and receive an equivalent amount of the synthetic token ankrETH in return.