Ondo PerpsDiscount code
5% off trading fees
Confirm the code in your account before trading. Regional restrictions apply. Not available in the US, Canada, Panama or sanctioned territories (IP-enforced).
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At a glance
- What changed
- The weekly USDC rewards program moves from one pool to separate maker, taker and trading-activity pools.
- Who it affects
- Eligible Ondo Perps traders, especially those who post resting orders near the mid price.
- When
- Starts 26 October 2026 and runs through the end of the year, continuing afterwards unless Ondo says otherwise.
One pool becomes three
Ondo Perps announced on 20 October that its weekly USDC rewards program will change from 26 October. Instead of a single pool shared by all qualifying traders, rewards will be divided into a maker pool, a taker pool and a trading-activity pool. Ondo says the aim is to reward both sides of the market better.
The new structure runs through the end of the year and will continue afterwards unless Ondo announces otherwise. The company says more details are coming. Its announcement does not give the size of each pool or how the weekly total is divided between them.
The maker pool pays for tight quotes
A maker posts a resting order that waits in the order book, adding liquidity, while a taker trades against such orders. The maker pool rewards resting liquidity within 25 basis points of the mid price, the midpoint between the best bid and the best ask. One basis point is 0.01%, so 25 basis points is 0.25%.
The pool is weighted heavily towards the tightest quotes: 80% goes to liquidity from the mid price out to 5 basis points, 15% to 6–10 basis points and 5% to 11–25 basis points. As an illustration, with a mid price of $100, the top band covers orders between $99.95 and $100.05, while an order at $99.80 sits in the smallest band and one at $99.70 earns nothing from this pool.
Takers keep a familiar formula
The taker pool resembles the program in place today and will primarily reward trading volume and open interest, meaning the value of positions held open. When Ondo Perps launched USDC rewards in July, it described weekly epochs running from Tuesday 00:00 UTC to Monday 23:59 UTC, with rewards paid into trading accounts within 48 hours and no claim required.
26 October 2026 falls on a Monday. The announcement does not say whether the weekly window or payout timing changes with the new structure, so traders should check the rewards dashboard once the details appear.
A rotating bonus starts with OPAIPon
The third pool is a bonus. The activity it rewards will change from time to time, and it may not run every week. For the first week from 26 October, it rewards spot trading in the OpenAI Private Market Note, OPAIPon, which Ondo Perps listed on 19 October.
OPAIPon is an unsecured note with its own issuer, eligibility and redemption rules rather than a share in OpenAI, as explained in our earlier report. A trading reward does not change those conditions.
Eligibility and the existing incentives
Ondo Perps says all participation is subject to its platform terms. Its accompanying notice states that the platform is not available to US persons or to people in Panama or Canada, among other sanctions and jurisdiction restrictions, and that perpetual futures can lead to a total loss.
The rewards sit alongside Ondo’s other incentives, which together were said in August to total up to $3 million. Ondo said then that more than $1 million had already been paid out in USDC rewards. Its referral scheme gives referred traders a 5% fee discount and the referrer 10% of their fees; the Ondo Perps code shown on this page applies that 5% discount.
Dates to know
As announced by the provider. A listed date does not confirm current availability or eligibility.
- Three-pool USDC rewards beginUpcoming date
Ondo PerpsDiscount code
5% off trading fees
Confirm the code in your account before trading. Regional restrictions apply. Not available in the US, Canada, Panama or sanctioned territories (IP-enforced).
Affiliate link. We may earn a commission, at no extra cost to you.
Conditions
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.
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