Ondo Unveils Perps DEX With Tokenized Stocks as Collateral
Yahoo Finance ·
Ondo has switched on Ondo Perps , a perpetuals platform offering up to 20x leverage on equity, index, and commodity markets while also letting traders post tokenized stocks as margin, a first for the perps category. The launch: The platform debuted today with two dozen markets spanning megacap equities (Nvidia, Tesla, Apple, Microsoft), crypto-adjacent stocks (Coinbase, Circle, Strategy, Robinhood), commodities (gold, silver, oil), the US 100 and US 500 indices, and more. Markets run 24/7 with no expiries, or as Ondo put it, "no closing bell." The collateral unlock: The headline feature is that Ondo's tokenized stocks can serve directly as margin, currently live for Pre-Alpha users. Rather than parking equities in one venue and stablecoins in another, traders can put their tokenized stocks to work backing leveraged positions, a step toward the onchain prime brokerage vision Ondo has been telegraphing. Incentives on: Ondo is dangling up to $3M in total rewards, starting with $150k in USDC pools for the first week of trading activity, plus a referral program and a forthcoming Ondo Points scheme for perps traders. It’s time to break up with your bank, and join the movement for a better world. Listening to Bankless articles is just the beginning of what you'll unlock with Citizenship...
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