Is there an Ondo Perps airdrop?
No airdrop has been announced, but a points program is live. Since 23 July 2026, Ondo Perps traders have earned Ondo Points, a loyalty program run by the Ondo Foundation. A fixed 5 million points is shared out each week, and the first drop counted trading back to 2 June. Neither Ondo Perps nor the foundation has said what the points are worth or whether they convert into tokens.
Ondo Points aren't new. The foundation has used them since at least 2024 to reward holders of Ondo products such as USDY and the ONDO token.
What Ondo Perps is
Ondo Perps lists perpetual futures on US stocks, the US500 and US100 indices, ETFs, gold, silver and oil, open 24/7 with up to 20x leverage. You can post USDC or Ondo tokenized stocks such as SPYon as collateral. Matching runs offchain inside Intel SGX secure enclaves, and deposits and withdrawals settle on Ethereum and Arbitrum. The platform is in public beta, with positions capped at $1 million per market per account.
How Ondo Perps points work
Points are split by a score-weighted share of each week's trading volume and open interest. When we checked the app's points page on 30 September, it showed a 5,000,000 weekly pool and a countdown to the next drop. Traders can also earn weekly USDC trading rewards and 10% of their referrals' fees.
Ondo Perps airdrop step-by-step guide
- Check you're eligible. Ondo Perps and Ondo Points exclude the US, Panama and other prohibited jurisdictions.
- Sign in at app.ondoperps.xyz with email or a wallet such as MetaMask, Phantom or Coinbase Wallet.
- Send USDC on Ethereum or Arbitrum, or eligible tokenized stocks on Ethereum, to your account's deposit address.
- Trade perps. Your balance appears on the points page after each weekly drop.
Join Ondo PerpsOpens app.ondoperps.xyz
Ondo Perps costs and fees
A promotion halves perp fees to 0.01% for makers and 0.025% for takers, from 0.02% and 0.05%. The docs don't say when it ends. Liquidations cost 1.5% of the position's value, and USDC withdrawals may carry a fee. A leveraged position can lose your whole margin balance, and stock collateral can fall in value too.
Ondo Perps risks and eligibility
- The site's eligibility terms exclude the US, Panama, Canada and sanctioned jurisdictions.
- Only cross margin is available, so one losing position can hurt the whole account.
- Beta limits can change, including the position cap and per-asset caps on stock collateral.
Who is behind Ondo Perps?
Ondo Global (Panama) Inc. operates Ondo Perps with technology from Ondo Finance, which also runs the Ondo Global Markets tokenized stock platform. The Ondo Foundation, a Cayman Islands foundation company, is its majority shareholder and runs Ondo Points. The public beta opened on 9 June 2026.
Sources
- Trade on Ondo Perps, Earn Ondo Points Ondo Perps blog,
- Multiple Ways To Earn: Points, Rewards, Referrals, & More Ondo Perps blog,
- Ondo Perps Is Live: Unlocking Traditional Market Liquidity for Permissionless Perps Ondo Perps blog,
- Fees Ondo Perps docs
- Public Beta Ondo Perps docs
- A Major Ondo Points Upgrade: How To Earn and Track Points Ondo Foundation blog,
This guide explains how the program works. It isn't financial advice, and no airdrop is guaranteed. Check Ondo Perps's official channels before you connect a wallet or deposit funds.
