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Ondo Perps is now live in Public Beta. Qualifying users can now access the platform directly via the app. During the Public Beta, certain features and functionality may be subject to restrictions, limits, or changes. Reduced risk parameters are currently in place, and maximum position sizes are capped at $1,000,000 per market, per account. Tokenized Stock Collateral has its own Public Beta risk parameters: each asset has a collateral cap on the amount that counts toward margin (see Funding Your Account); maximum allowed USDC Debt is 30% of your Non-USDC Margin Value; and total USDC Debt is capped at $100,000 per account. These parameters are conservative for Public Beta and may be adjusted. See Collateral Management for how these limits work. During Public Beta, API key creation is enabled and API usage is rate limited to 1 request per second by default. Traders may request a higher limit by contacting support@ondoperps.xyz with their account ID, requested rate limit, and a brief description of their use case. Frequent updates will be deployed during Public Beta. Platform availability may be briefly affected during scheduled or unscheduled maintenance windows. Safeguards are in place to minimize impact on traders. If any issues arise, please contact support. For any questions, feedback, or support, traders can reach us at support@ondoperps.xyz. For full terms and conditions, please see the Terms of Use.