Funding Ondo Perps - Ondo Perps

Ondo Perps supports USDC and eligible Ondo tokenized stocks as collateral. USDC is supported on Ethereum and Arbitrum; Ondo tokenized stocks are currently supported on Ethereum only. Tokenized Stock Collateral Eligible Ondo tokenized stocks are listed below. For readability, the interface displays your funded Ondo Stock value as an equivalent balance under the corresponding asset symbol tradable on Ondo Perps, and calculates its collateral value using a reference price. The underlying tokens remain unchanged and are returned as the same tokenized stock amount when withdrawn, subject to changes in the total collateral amount caused by user trading. The haircut affects only how much of the displayed value contributes to margin; it does not reduce the quantity available for withdrawal. See Collateral Assets for details.

Funding Asset	Balance Shown in UI	Haircut	Collateral Cap
USDC	USDC	0%	None
SPYon	SPY equivalent	10%	675 SPY
QQQon	QQQ equivalent	10%	700 QQQ
NVDAon	NVDA equivalent	10%	2,285 NVDA
GOOGLon	GOOGL equivalent	10%	1,455 GOOGL
TSLAon	TSLA equivalent	10%	1,445 TSLA
SNDKon	SNDK equivalent	15%	320 SNDK
SPCXon	SPCX equivalent	25%	3,595 SPCX
CRCLon	CRCL equivalent	25%	6,350 CRCL
SLVon	SLV equivalent	9%	9,800 SLV
GLDon	GLD equivalent	6.5%	1,360 GLD

Haircuts and collateral caps apply to each underlying asset and may change. The eligible collateral value is capped at the market value of the listed amount; amounts above the cap remain available for withdrawal but do not add margin. Funding Addresses Ondo Perps does not require users to interact with a smart-contract bridge when funding. You can provision a unique funding address for Ondo Perps. Supported assets sent to this address are reflected in your Ondo Perps balance. Pricing The interface uses the applicable reference price to calculate the displayed equivalent balance and collateral value. A per-asset haircut is applied to reflect price volatility, transaction costs, and weekend gap risk. Haircuts vary by asset and change only how much value contributes to margin. For example, a 10% haircut means 90% of the reference value counts toward margin; no tokenized stock is deducted.