Ondo Finance launches Ondo Perps, a tokenized stock perpetual futures platform with 20x leverage, exiting beta with $3M in total rewards and a planned points program.
DeFi & Yields ·
Ondo Finance has launched Ondo Perps, a perpetual futures platform for tokenized stocks, indices, and commodities. The project previously raised $46 million from backers including Coinbase Ventures, Pantera Capital, Founders Fund, and Wintermute Ventures. The platform recently exited beta and permits users to deploy tokenized stocks as collateral while trading with up to 20x leverage.
The launch includes a farming incentive structure offering $150,000 in weekly USDC rewards during the first week, with $3 million in total rewards planned. Ondo has also announced a points program for perps traders, though a dedicated token for the perpetuals product has not been confirmed; the existing ONDO governance token operates separately. Referral links provide fee discounts to participants.
No timeline has been disclosed for when a dedicated perps token might launch, if at all. The points program suggests a future rewards or incentive mechanism, but specifics remain undetermined. Capital deployment patterns and actual trading volume on the platform following the beta exit remain to be observed.