Public Beta is open to everyone today - no need for invitation codes now, anyone can trade US stock PERPs on @ ondoperps. Taking this opportunity, let's talk about something more worth understanding than "can I buy": there are now more than one platform on the chain that can trade US stocks, but "who provides you with liquidity behind the scenes" truly determines your trading experience. First, let's take a look at how most on chain US stocks/RWA perps do it - such as Hyperliquid (HIP-3), Ostium, Gains, etc., which are basically fed by oracle machines and used as counterparties: the platform takes a price from the traditional market, and the real counterparty you buy and sell is actually the liquidity pool of the protocol. The advantage is that it can be launched quickly and any target can be added (Hyperliquid HIP-3 and even anyone can open it themselves); The cost is the true depth ≈ how much money is in the pool. Large orders or extreme market conditions are prone to slippage, and the price still depends on the oracle. Ondo is taking a different path. It itself is the world's largest issuer of tokenized stocks (with over 260 underlying assets, TVL exceeding $1 billion, and the highest market share of tokenized stocks), issuing tokens directly anchored to real stocks on the NYSE/NASDAQ. So the liquidity of Ondo Perps is not "accumulating a pool on the chain", but directly connecting to the depth of the spot stock market. To put it simply, the person issuing the assets personally sets up a trading platform - this' bloodline 'is difficult for others to copy. In practice, there are three visible differences: Depth is more genuine: accepting spot goods → tight spreads, small slippage in large orders, rather than simply taking advantage of the market More complete targets: GOOGL, AAPL, NVDA, TSLA, MSTR, COIN, NFLX, BABA More flexible collateral: token stocks and treasury bond can be used as margin, not only USDC. You can take TSLA spot with one hand and short TSLA perk with the other to earn capital fees. The same amount of money can be used as two transactions, making basis/Delta neutral particularly smooth In addition, MAMericaPCX, SNDK, MRVL, BOT will soon be launched, and SPY, QQQ, NVDA, TSLA, GOOGL will be supported as collateral. Everyone can look forward to a wave of updates To be fair, competitors also have their own strengths: Hyperliquid ecosystem and total liquidity are currently the largest, HIP-3 expansion is extremely fast; Ostium is a pioneer in RWA perk and has high leverage. Ondo's differentiation lies in the three points of "real spot liquidity+issuer integration+flexible collateral". Now the public beta is fully open and anyone can access it. If you want to try my recommendation code with discounted transaction fees: Recommendation code CNHNMK https://app.ondoperps.xyz/?ref=CNHNMK The platform is now on the trading leaderboard, and there is an opportunity to split the airdrops among those who aim for the leaderboard. If you have time, you can roll up one roll Chinese communication group here, chat about US stocks/Perps, squatting community activities, and airdrops together https://t.me/ +VOoW-3MI_McwNTE1