Ondo Perps

Head to the Ondo Perps app and connect a supported wallet. With the waitlist closed, access is open and no invite code is needed to reach the trading interface. You will also get a 5% fee discount for using the above link.

Deposit USDC or another supported stablecoin to use as trading collateral. From October 29, a new asset class is added as eligible collateral. Ondo has not announced which assets are included yet.

Ondo Perps now splits its weekly USDC rewards into three pools, and each one pays for a different activity. This week’s rewards run from Tuesday, November 3, 00:00 UTC to Monday, November 9, 23:59 UTC. Markets trade 24/7 with up to 20x leverage.

• Liquidity Pool (112,500 USDC): provide resting liquidity within 25 bps of the mid price on eligible markets. Orders closer to the mid earn far more: 85% of the pool goes to liquidity from the mid to 5 bps, 10% to 6 to 10 bps, and 5% to 11 to 25 bps.
• Volume Pool (112,500 USDC): trade any perps market, as a maker or a taker.
• Open Interest Pool (25,000 USDC): hold open positions.

Only these markets count toward the Liquidity Pool:

• Stocks: NVDA, TSLA, META, AMD, INTC, MU, SNDK, COIN, MSTR, CRCL, SPCX
• Indices: US 500, US 100
• ETFs: DRAM, SOXL
• Commodities: Gold, Silver, WTI
• Crypto: BTC, ETH

Your trades also earn Ondo Points, a loyalty program run by the Ondo Foundation for eligible traders. Points are allocated weekly as a score-weighted share of trading volume and open interest, with a fixed supply of 5 million points distributed each week for the duration of the program. The first drop covered trading activity going back to June 2, and the mechanics may change in later weeks. Ondo Points are not available to users in the US, Panama, or other non-eligible jurisdictions.

Share your referral link from the app. Until November 11, a referral boost pays you up to $60 in USDC for every qualified trader you bring in, plus 10% of the trading fees they pay. Your rate per trader depends on how many qualified traders you refer:

• 1 to 5 traders: $20 each
• 6 to 20 traders: $40 each
• 21 or more traders: $60 each

Once you reach a higher tier, all of your referrals are paid at that tier’s rate.

A referred trader qualifies with a net deposit of at least $500 held until November 11 and at least $2,000 in spot or perps trading volume. Each qualified trader also receives $20 USDC. Referral codes you already shared count toward the boost, and payouts arrive within 5 business days after the campaign ends.

Outside the boost, you also earn a share of the weekly USDC rewards when the traders you invite stay active, plus Ondo referral points equal to 5% of the trading points they earn. There is no cap on how many traders you can refer, and referral points come on top of the weekly 5 million points drop for traders.

The referral points program is retroactive to the start of Ondo Points, so past referrals count, and it runs through the end of Season 1. The retroactive referral points dropped on October 23, 2026.

Rewards from the three weekly pools are paid in USDC directly to your trading account within 48 hours of each week’s close. The USDC rewards and referral programs each have their own dashboard, weekly countdown, and payout history on the Ondo Perps app.

If you already traded OpenAI exposure on spot or OPENAI perps before November 4, 19:00 UTC, you also receive an extra pro rata bonus for that activity.

Your trading and referral points are shown on the Ondo Points page.