Ondo Perps debuts: Trade US stock perps with tokenized collateral
6.8 Investments Ondo Finance launched Ondo Perps, enabling 24/7 perpetual futures trading with up to 20x leverage using tokenized stocks as collateral. Early users can earn up to $3 million in rewards.
Ondo Finance has introduced Ondo Perps, a decentralized perpetual futures trading platform. It allows users outside the United States and other restricted regions to trade with up to 20x leverage, using tokenized stocks as collateral. Supported assets include major US stocks such as Apple, Nvidia, Tesla, Meta, Microsoft, Amazon, Coinbase, and Robinhood, as well as commodities like oil, gold, and silver, and indices such as US 100 and US 500. This marks the first time tokenized stocks and ETFs can be directly used as collateral for derivatives positions, eliminating the need for separate capital allocation. Ondo Perps offers 24/7 trading and aims to provide on-chain liquidity and capital efficiency comparable to traditional derivatives exchanges. To incentivize early adoption, Ondo is offering up to $3 million in rewards, including $150,000 in USDC for activity during the first week. While the launch is seen as a significant advancement for tokenized assets, market participants remain cautious, awaiting further proof of the platform’s impact.
