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DeFi · 1 min read

Ondo Perps Introduces 3x OpenAI Pre-IPO Perpetual Contract

The derivative features independent pricing and hourly funding payments, while excluding US participants.

Editorial oversight: Julian Mercer, Chief Editor
Bullish
$ONDO $0.4592 −0.4%

At a glance Announced

What happened
Ondo Perps launched a 3x leveraged perpetual contract tied to OpenAI's pre-IPO valuation.
Why it matters
The listing provides synthetic pre-IPO exposure with distinct pricing and funding mechanics, differentiating it from spot notes.
Who is affected
Non-US decentralized derivatives traders and Ondo platform users.
What's next
No next step announced.
Primary source
thedefiant.io: Ondo Perps Adds 3x OpenAI Pre-IPO Contract

Key points

  • Ondo Perps introduced a 3x leveraged OpenAI pre-IPO perpetual contract.
  • The contract uses independent pricing mechanics and hourly funding intervals.
  • US individuals and entities are barred from trading the derivative.

Ondo Perps has listed a 3x leveraged pre-IPO perpetual contract tracking OpenAI 1. The contract functions with independent pricing and hourly funding payments 1.

Unlike Ondo's fully funded spot note known as OPAIPon, this new perpetual instrument offers leveraged derivatives exposure rather than a fully funded structure 1. US persons are explicitly excluded from accessing the contract 1.

Pre-IPO Derivatives Expansion

The launch expands decentralized synthetic offerings targeting private artificial intelligence equity valuations before an official public listing 1. At the time of writing, $ONDO was trading at $0.4589, up 4.8% over the past 24 hours, amid broader market strength.

Sources

  1. [1] Ondo Perps Adds 3x OpenAI Pre-IPO Contract — thedefiant.io, October 21, 2026

Written by Basis Desk's newsroom system from the primary sources above and machine-verified against them before publication. Market figures marked "at the time of writing" come from live exchange data. Report an error: corrections@basisdesk.news · corrections policy.

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