The U.S. stock market is even more thrilling than the crypto space right now. It’s like one day it crashes, and the next day it bounces back in a V-shape. With this kind of volatility, not doing some perpetual trading feels like a missed opportunity. If you’ve been following tokenized stocks on-chain for a while, you probably know that Ondo Finance @OndoFinance is currently the world’s largest issuer of tokenized stocks. Back when on-chain stocks weren’t mainstream, I already recommended it. Coincidentally, today we’re talking about Ondo Perps @OndoPerps, which is built by Ondo Finance. So, there’s no need to worry about compliance or liquidity. As everyone knows, over the past two years, tokenized stocks have become a major narrative. Tons of platforms are promoting buying AAPL, NVDA, and other stocks on-chain. But buying spot is just the first step—what traders really want is the ability to go long or short, use leverage, and hedge. Ondo Perps fills this gap. It’s a perpetual futures platform specifically for tokenized stocks, indices, and commodities. You can trade AAPL, AMZN, NVDA, TSLA, MSTR, $US100, gold, silver, and more, with up to 20x leverage, 24/7, year-round. I gave it a quick try, and here are my initial impressions: · The fees are amazing—Taker fees are just 0.035% (and with my referral code j0m6qc, you get an additional 20% discount on fees). Many competitors charge 0.05%. Maker fees are only 0.015%, which can save you a lot if you’re doing high-frequency trading. · The key feature: on most platforms, you can only use USDC/USDT as margin for perpetuals. But Ondo Perps lets you use tokenized stocks like AAPL, NVDA, and TSLA as margin. This design significantly improves capital efficiency. Especially in a bull market, you can enjoy the gains from going long while also benefiting from the stock’s price appreciation. Double win! Right now, it’s still in Beta, and the team has been running a weekly USDC cash reward pool for 5 weeks straight. Each week, the pool is $100K (it was $125K in the second week). This week is no exception—the longer you hold positions, the more you earn. Plus, you can accumulate Ondo points. I think the Beta phase is about to end soon, so take advantage of the remaining time to earn some extra points. If you’re interested, you can use my code to get Beta access and a 20% discount on fees. Link in the comments. *** This is not financial advice, just personal notes and opinions. Trade at your own risk.