| Asset | Description | Haircut |
|---|---|---|
| USDC | Available to all accounts | 0% |
| SPYON | Available to approved accounts | 10% |
| QQQON | Available to approved accounts | 10% |
Getting Started
Funding Your Account
Ondo Perps supports two forms of collateral: USDC and Ondo Global Markets tokenized equities. Tokenized equity collateral is currently available for whitelisted accounts. Traders interested in access should contact support@ondoperps.xyz.
Accepted Collateral
Deposits are currently supported via Ethereum. Additional networks will be supported in future updates.
For details on using SPYON and QQQON as collateral see Ondo Tokenized Stock Collateral.
Deposit Addresses
Ondo Perps is an encrypted offchain exchange and so does not require interaction with any smart-contract bridges to despoit assets. Each account can provision a deposit address that is permanently linked to that account. Any transfers to this address of a supported asset will be credited to the account.
Pricing
Deposited tokenized assets are priced using the mark price for the corresponding market on the exchange. A per-asset haircut is applied to account for price volatility, conversion costs, and weekend gap risk. The post-haircut value counts toward your margin balance and functions identically to USDC deposits for the purposes of opening and maintaining positions.