New markets just dropped. From China’s largest DRAM manufacturer to the largest HYPE treasury and the company behind GTA 6: ▸ CXMT - ChangXin Memory Technologies ▸ ENA - Enablence Technologies ▸ PURR - Hyperliquid Strategies ▸ TTWO - Take-Two Interactive Trade now →

REFERRAL BOOST: It’s win-win. $20 to new qualifying traders + $20 to referrers for every single referral who qualifies. How new accounts qualify: 1. Sign up with a referral code 2. Deposit at least $100 3. Trade $500+ in volume 4. Complete within 14 days 5. More details below Join now →

REFERRAL BOOST: It’s win-win. $20 to new qualifying traders + $20 to referrers for every single referral who qualifies. How new accounts qualify: 1. Sign up with a referral code 2. Deposit at least $100 3. Trade $500+ in volume 4. Complete within 14 days 5. More details below Join now →

Up to $100 in rewards for new traders. Reminder: From September 10-17, new accounts can qualify for a share of $12K in rewards. Details below. Sign up →

The most reliable return stream in crypto has nothing to do with price going up. It doesn't care about direction at all. TradFi funds have run it for decades. It just arrived on-chain, and this time, on stocks, not cryptocurrencies. All of this is within the @OndoPerps platform and can generate you a relatively stable return on your investment. It's called the basis trade. Here's how it works. THE CONCEPT Most people think trading = predicting direction. Buy low, sell high, hope you're right. That’s at least how I’ve been trading most of the time, but that’s not how sophisticated traders are trading in the markets. The basis trade skips that entirely. You take two positions that cancel each other out and that’s all made easy through Ondo Perps. Think of it like being a landlord instead of a house flipper. The flipper needs prices to rise. The landlord collects rent regardless. Same asset, completely different return stream. THE MECHANICS - STEP BY STEP Tokenized equities now trade on-chain via Ondo and other parties, and perpetual futures exist alongside them. That combination unlocks the structure: Step 1 - Buy the tokenized stock (spot). You now own, say, $50,000 of exposure to $NVDA. You can easily buy the tokenized stock on ONDO in the form of NVDAon. Now, that particular tokenized asset can be used to trade on the perp exchange. Step 2 - Short the same amount via the perp and you’re using the NVDAon as underlying collateral. You open a $50,000 short on the perpetual future of that same equity. Step 3 - Your net exposure is now zero. Stock goes up 10%? Spot gains $1,000, short loses $1,000. Stock drops 10%? Reverse. You don't care. Direction is out of the equation. Step 4 - You collect funding. Perpetual futures use a funding rate to keep the perp price glued to spot. When more traders are long than short (the usual state), longs pay shorts, every few hours, automatically. You're the short. You collect. A SIMPLE EXAMPLE (illustrative numbers, not current rates) $50,000 spot + $50,000 short. Suppose funding runs at 0.01% per 8 hours: that's ~0.03% per day, roughly 11% annualized on the structure. Price of the stock over that period: irrelevant to your P&L. Your return came entirely from the funding stream. Funding rates can differ, especially when underlying stocks are going to be super volatile, you’ll expect to see a lot of volatility in the funding rates too. The higher they go, the better this will be for your annualized return. And let’s be honest: 5-15% on a yearly basis is phenomenal. In the upcoming posts I’ll be diving into real examples of how you’d be able to do this and what return this brings to my stack while using Ondo Perps.

Up to $100 in rewards for new traders. Reminder: From September 10-17, new accounts can qualify for a share of $12K in rewards. Details below. Sign up →

$10 billion and just getting started. Ondo Perps had the fastest start in RWA perps history, became a top platform, and now has over $10B in cumulative volume. More milestones: ✅ Hundreds of millions in 24-hr volume ✅ Over one hundred million in open interest ✅ Nearly twenty million in @Ondo Stocks collateral This is just the start for Ondo Perps. Ondo Perps is designed to bring capital efficiency and ultimately liquidity for equity perps on par with traditional derivatives markets. Traders can deploy capital in size, run sophisticated strategies, and seamlessly manage risk all on a single platform. No expiry. No closing bell. Just institutional-grade execution on the world’s most-traded markets. More to come.

Perps on two of the most traded ETFs in the world are now live: ▸ $SPY (S&P 500) ▸ $QQQ (Nasdaq-100) With SPYon and QQQon already supported as collateral, the basis trade is now unlocked.

The fastest start in RWA perps history. Over $7 billion in volume has been traded on Ondo Perps, with $5 billion since public access went live, more than any other RWA perps platform in its first month, per @DefiLlama. Key milestones achieved to date: ✅ Top 5 platform by 24-hour volume ✅ $20M+ in @Ondo Stocks collateral ✅ OI averaging ~$10M weekly growth ✅ $5B volume since launch & $7B total ✅ Hundreds of millions in 24-hr volume This is just the start for Ondo Perps. More milestones, markets, and innovations to come.

$7,000,000,000 Ondo Perps has surpassed $7B in cumulative trading volume, up over $3B since @Ondo Stocks collateral went live. The productive capital thesis is starting to play out.

Tokenized gold & silver collateral is now live. In a landmark first, tokenized gold & silver can now back perpetual futures positions as productive collateral. This unlocks the basis trade, holding spot & shorting the perp to capture funding when rates are positive, for two more of the world’s most traded assets on Ondo Perps, alongside SPYon & QQQon. To date, Ondo Perps has rapidly accelerated past $6.5 billion in cumulative volume as traders seek: ✅ Tokenized stocks as collateral backing perps ✅ Seamless hedging on a single platform ✅ Deep market liquidity for equity perps ✅ Tight spreads & minimal slippage ✅ CEX-equivalent speeds ✅ 24/7/365 operations ✅ Up to 20x leverage Tokenized stock collateral means traders no longer need to park capital in stablecoins or sell an asset to gain exposure elsewhere. This is all part of Ondo’s productive capital thesis that brings capital efficiency and ultimately liquidity for equity perps on par with traditional derivatives markets. Ondo Stocks pioneered tokenized equities. Now Ondo Perps transforms perpetuals trading. This is just the start. More Ondo Stocks as collateral are coming soon.

We just dropped $100 into select accounts. This isn’t going out to everyone. USDC has been credited to accounts meeting two key requirements: 1. Traded over $1M on HIP-3 protocols 2. Created an Ondo Perps account but yet to deposit Check your balance now:

The news that moves markets never stops. Trade it to share in this week’s $175K pool of USDC rewards, with $25K allocated across: ▸ $AMD - reporting earnings in a few hours ▸ $BRENT - global benchmark for oil The more you trade & the longer you hold, the more you can earn.

Ondo Perps just passed $6 billion in cumulative volume, adding to this week’s milestones: ✅ Top 5 RWA perps platform ✅ $6B in cumulative volume ✅ $333M in 24-hr volume ✅ $75M in open interest Just getting started.

New markets now live: ▸ $CBRS - Cerebras Systems ▸ $NBIS - Nebius Group ▸ $BB - BlackBerry From wafer-scale AI chips to the neocloud, go long or short perps on the most in-demand tech companies.

$300,000,000 in 24 hours. Ondo Perps has surpassed $300M in 24-hour volume and is approaching $70M in open interest. Less than 1 month after launch, Ondo Perps has become one of the top RWA perp platforms.