Ondo Perps is a perpetual futures DEX by Ondo Finance for stocks, indices and commodities — around two dozen markets at launch, open 24/7 with no expiries and up to 20x leverage. Its headline innovation is accepting tokenized securities (like OUSG and tokenized blue-chip stocks) as collateral, which no other perps platform offered before. It was announced in February 2026, launched on June 9, 2026, and opened early access for non-US users on July 7, 2026.

Is Ondo Perps legit? Who is behind it?

It is built by Ondo Finance, one of the most established names in tokenized real-world assets — issuer of OUSG and USDY (tokenized Treasuries whose backing includes BlackRock’s BUIDL fund) and builder of Ondo Chain. The launch was covered by mainstream outlets and announced via official press release. That said, the perps platform itself is brand new and in its beta phase — treat it with the caution any new venue deserves.

What does discount code KFSLR8 give me?

Signing up through our link (app.ondoperps.xyz/?ref=KFSLR8) activates a 5% rebate on your trading fees. It costs you nothing extra, stacks with Ondo’s launch reward pools, and positions you for the forthcoming Ondo Points program.

What can I use as collateral?

USDC plus supported tokenized securities — including OUSG (Ondo’s tokenized short-term US Treasuries product) and tokenized blue-chip stocks. The cross-collateral design means you don’t have to sell long-term holdings to margin a trade.

Can I use Ondo Perps from the US?

No. Access is prohibited for persons located in, incorporated in, or operating from the United States, Canada, Panama, and other jurisdictions that restrict perpetual futures. This guide is for users in permitted regions only — always check your local rules.

Ondo Perps vs Hyperliquid — which one?

They solve different problems. Hyperliquid is the deepest on-chain venue for crypto perps with its fully on-chain order book. Ondo Perps is about equities, indices and commodities — with tokenized stocks as margin. Many traders will use both: Hyperliquid for crypto exposure (code TRADEOFF4 for 4% off), Ondo Perps for 24/7 stock and commodity exposure (code KFSLR8 for the 5% rebate).

New · July 2026 Code verified Jul 8 12 min

Ondo Perps Discount CodeKFSLR8

Trade Nvidia, Tesla, gold and the US 500 as 24/7 perpetuals — on the first platform that takes tokenized stocks as collateral. Built by Ondo Finance. 5% of every trading fee, back in your pocket.

Claim 5% Rebate

fee rebate — KFSLR8

20x

max leverage

24/7

no expiries

$3M

launch rewards

Why Ondo Perps Is Different

Stocks as margin

First perps venue accepting tokenized securities (OUSG, tokenized blue chips) as collateral — your holdings work instead of sitting idle.

Ondo Finance pedigree

From the RWA leader behind OUSG/USDY (BlackRock BUIDL-backed) and Ondo Chain. Announced Feb 2026, shipped in five months.

Real markets, crypto rails

Megacap equities, gold, oil and indices with institutional-grade oracle pricing — no expiries, no market close.

Feb 3, 2026

Announced at Ondo Summit

Mar 2026

Test launch

Jun 9, 2026

Launch + public beta

Jul 7, 2026

Non-US early access

What Is 5% Worth? Try It

Drag your monthly volume — the rebate compounds quietly.

Monthly trading volume$250k

Assumed taker fee4.5 bps

Beta fee schedule may differ — this is an illustration, not a quote. 1 bps = 0.01%.

Est. fees / month

$113

KFSLR8 gives back / month

$5.63

/ year

$67.50

Launch Markets — Explore All 23

As reported at the July 2026 launch; more listings signaled as the beta expands.

NVDANvidia

TSLATesla

AAPLApple

MSFTMicrosoft

AMZNAmazon

GOOGLAlphabet

METAMeta

AMDAMD

INTCIntel

ORCLOracle

NFLXNetflix

MUMicron

PLTRPalantir

SPCXSpaceX (tokenized)

COINCoinbase

HOODRobinhood

MSTRStrategy

CRCLCircle

XAUGold

XAGSilver

OILCrude Oil

US100US 100 Index

US500US 500 Index

Feel the Leverage Before You Use It

Simplified isolated-margin view: how far price can move against you before liquidation risk.

Leverage10x

Adverse move to liquidation

≈ 10.0%

$1,000 margin controls

$10,000

Illustration only — real liquidation depends on maintenance margin, funding and fees. Equity gaps around earnings are real even on 24/7 markets.

The Collateral Trick, Visualized

Hold tokenized assets

Tokenized AAPL, OUSG Treasuries, or plain USDC sit in your wallet.

Post as cross-margin

Deposit them to Ondo Perps — nothing is sold. The whole balance backs your positions.

Trade any market

Long NVDA, short oil — while your original holdings keep working. That is the "on-chain prime brokerage".

Ondo Perps vs Hyperliquid

	Ondo Perps	Hyperliquid
Focus	Stocks · indices · commodities	Crypto perps
Collateral	USDC + tokenized stocks/OUSG	USDC
Max leverage	20x	50x
Maturity	Beta — July 2026	$200B+ volume, battle-tested
Our code	`KFSLR8` · 5%	`TRADEOFF4` · 4%

Know Before You Deposit

• Geo-blocked: US, Canada, Panama and other restricted jurisdictions. Don’t bypass restrictions.

• Weeks-old beta: Ondo is established, but this engine has no long track record yet.

• At 20x, a ~5% adverse move can liquidate an isolated position.

• Beta fee schedule can change; the 5% rebate applies to fees charged when you trade.

Frequently Asked Questions

Stocks. Perps. 5% back.

Launch pools, forthcoming Ondo Points, and our rebate — early users stack every edge. Code applies automatically through the link.

Join Ondo Perps

Crypto perps

Binance Referral Code 2026: TRADEOFF20 – 20% Off

Disclaimer: This article contains affiliate/referral links. We may earn a commission at no extra cost to you. Discount code KFSLR8 and platform details were verified as of July 8, 2026 against public launch coverage and the official app; terms of a beta platform can change. Perpetual futures trading involves substantial risk of loss. This is not financial or investment advice — always do your own research.