DeFi· ★★★· neutral·

Ondo Perps launches 3x perpetual on pre-IPO OpenAI shares

  • —Perpetual on pre-IPO OpenAI trades with 3x leverage
  • —Hourly funding and independent pricing replace full funding
  • —The OPAIPon spot note remains fully funded
  • —US persons are barred from trading
Why it matters: Pre-IPO perpetuals widen access to private-company equity but add funding and liquidity risk.
Source: The Defiant
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