Ondo Perps adds tokenized gold, silver, and stocks as eligible collateral for perpetual futures, enabling basis trading strategies and improved capital efficiency.
DeFi & Yields ·
Ondo Perps has expanded its collateral options by accepting tokenized gold and silver alongside previously listed tokenized stocks such as SPYon and QQQon for its perpetual futures positions. Rather than depositing stablecoins or liquidating spot holdings, users can now deploy these assets as yield-generating collateral.
The addition unlocks basis trading strategies, allowing holders of spot assets to simultaneously open short positions in perpetual contracts and capture positive funding rate spreads. This mechanism mirrors traditional finance approaches to capital efficiency, letting traders manage risk and generate cash flow within a unified platform. The move follows Ondo Perps' achievement of surpassing $6.5 billion in cumulative trading volume and its offering of leverage up to 20x, tight spreads, and round-the-clock liquidity.
The platform intends to introduce additional tokenized stock options as collateral in the near future, signaling continued expansion of its yield-generating capital infrastructure. Specific timelines and the identities of those additional stocks remain unannounced.