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At a glance
- What changed
- Weekly USDC rewards rise from 250,000 to 280,000 USDC, and the activity pool keeps paying for open interest.
- Who it affects
- Eligible Ondo Perps traders who quote on the book, trade volume or hold open perps positions.
- When
- This week runs from 10 November 00:00 UTC to 16 November 23:59 UTC; rewards are paid within 48 hours of the week's close.
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280,000 USDC a week across three bigger pools
Ondo Perps said on its official X account on 10 November 2026 that its weekly USDC rewards have been boosted to 280,000 USDC for this week, with each of the three pools increased. Last week the same three pools paid 250,000 USDC in total, and the program started at 220,000 USDC a week on 27 October, as we reported at the time.
The new reward week started on Tuesday 10 November at 00:00 UTC and runs to Monday 16 November at 23:59 UTC. The pools are separate, so one trader can earn from more than one of them in the same week.
Open interest stays in focus, now with 30,000 USDC
The Trading Activity pool, which Ondo rotates between themes, will continue to reward open interest across all perps on the platform this week. Open interest means positions that stay open, so this pool pays for holding positions rather than for trading in and out of them. It grows from 25,000 to 30,000 USDC.
Unlike last week, the announcement does not mention any extra OpenAI bonus, so this week's activity reward is open interest on any perps market.
Liquidity and volume pools: 125,000 USDC each
The Liquidity Pool rises from 112,500 to 125,000 USDC with unchanged rules. It rewards resting limit orders within 25 basis points (0.25%) of the mid price on eligible markets, with 85% of the pool going to liquidity from the mid out to 5 bps, 10% to 6 to 10 bps and 5% to 11 to 25 bps.
This week's eligible markets are the stocks NVDA, TSLA, META, AMD, INTC, MU, SNDK, COIN, MSTR, CRCL and SPCX, the US 500 and US 100 indices, the DRAM and SOXL ETFs, gold, silver and WTI oil, and BTC and ETH, the same 20 markets as last week.
The Volume Pool also rises from 112,500 to 125,000 USDC and still counts maker and taker trading on any perps market. Ondo has not published a per-trader formula for any of the pools.
Payouts and who can take part
Rewards are paid in USDC directly to the Ondo Perps trading account within 48 hours of each week's close, so this week's rewards are due by 18 November if paid on schedule.
The disclaimer attached to the announcement says the platform is not available to persons located in, incorporated in or operating from Panama, the US, the European Union, the United Kingdom or Canada, or to sanctioned persons, and that other restrictions apply. Perpetual futures are leveraged products: holding positions to earn the open-interest reward means carrying their risk, and losses can exceed any reward.
Where to keep the USDC you earn
The rewards land in your Ondo Perps trading account, where they can be used as trading funds. If you would rather move some USDC to a wallet you control yourself, two self-custody options fit well. The Base app at base.app is Coinbase's own self-custody wallet app, and Phantom, covered in the box below, is a self-custody wallet that works across several blockchains. Whichever you choose, check that the network you withdraw on is one the wallet supports for USDC before sending.
Dates to know
As announced by the provider. A listed date does not confirm current availability or eligibility.
- Reward week opens (00:00 UTC)Today (UTC)
- Reward week closes (23:59 UTC)Upcoming date
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Conditions
New users who sign up in the Phantom mobile app with this code get 10% of their own eligible trading fees back for three months from signup. Codes apply only at mobile-app signup and cannot be added later. Rebates are paid in CASH to the Phantom Cash balance after a $1 minimum; ID verification may be required. Perps and prediction markets are not available in every region; program terms apply and Phantom may change rates or end the program. Perps are unavailable in the US, UK and US-sanctioned jurisdictions; prediction markets are unavailable in the US, UK, Germany and sanctioned jurisdictions. Program eligibility depends on jurisdiction under the referral terms.
The code and partner link have no expiry. Campaign dates, benefits and eligibility are separate and may change. Check the provider’s current terms before signing up.
