Ondo Perps is now live, supporting up to 20x leverage on equity perpetual contracts.

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BlockBeats news, July 7—Ondo Perps has officially launched, supporting up to 20x stock perpetual contract leverage, and allowing tokenized stocks to be used as collateral, while offering up to $3 million in rewards.

Ondo Perps said that Ondo’s technology has previously driven the development of tokenized stocks. Its perpetual contract market currently covers assets including oil, gold, silver, Intel, AMD, Meta, Tesla, Apple, Circle, Nvidia, Oracle, Netflix, DRAM, Micron, US 100, US 500, SpaceX, Palantir, Amazon, Strategy, Alphabet, Coinbase, Microsoft, and Robinhood, supporting 24/7 permissionless trading.

Ondo Perps stated that it is the first platform to allow tokenized stocks to be used as collateral, and is currently open to Pre-Alpha users. RWA perpetual contracts can be traded on this platform, with the goal of providing liquidity and capital efficiency close to that of traditional derivatives trading platforms.

Ondo Perps said that traders can deploy large amounts of capital, execute complex strategies, and manage risk on a single platform without being limited by the expiration dates and closing times of traditional derivatives trading venues. The platform is currently open to users worldwide except the United States, Panama, and other restricted jurisdictions.

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