"Ondo, the most important issuer in the RWA space, is now doing Perps too! Simply put, @OndoPerps is an on-chain perpetual contract platform built by Ondo Finance. It supports tokenized stocks, indices, and commodities like AAPL, NVDA, TSLA, MSTR, US100, gold, silver, etc., with up to 20x leverage. I think there are three key points worth paying attention to: 1) Extended trading hours Traditional stocks, indices, and commodities have opening and closing times, but Ondo Perps supports 24/7/365 trading. Take the U.S. Independence Day holiday as an example—traditional brokerage platforms can't trade, but Ondo Perps can trade seamlessly. This means that during weekends, after-hours, or when sudden macro events occur, traders don’t have to wait for traditional markets to open to adjust their positions. 2) Improved collateral efficiency—static holdings can become part of your margin Ondo Perps doesn’t just use USDC as collateral; it also supports tokenized stocks like AAPL, NVDA, TSLA as collateral. For traders who already hold these assets, their static holdings can now become part of their margin, significantly improving capital efficiency. 3) Expanded asset range Many on-chain perpetual contract platforms mainly focus on BTC, ETH, and crypto assets. Ondo Perps is more focused on real-world assets: U.S. stocks, ETFs, indices, and commodities. This allows on-chain traders to build strategies around earnings reports, macro data, interest rate expectations, and commodity cycles—not just trading crypto beta. —————————— The background is also pretty significant: Ondo Global Markets already covers 260+ trading pairs, and Ondo is one of the key issuers in the tokenized stock space. During the public testing phase, it surpassed $1 billion in trading volume in less than 10 days, and Ondo Perps has now exceeded $1.5 billion. So, my understanding of Ondo Perps is: It’s not just a “regular contract platform with a few new assets,” but rather a step toward bringing RWA assets into the on-chain derivatives market. If you want to give it a try, here’s my referral code: TDX3BA