World Markets · on Ethereum
The dollar backing your trades can be earning at the same time. Spot, perps, and lending for high quality assets, in one account, on Ethereum.
World Markets · on Ethereum
A sample of what's listed. Quality assets from any quality issuer.
| Market | Issuer | Last | 24h | APY | Status |
|---|---|---|---|---|---|
| No price risk Private credit Loans and credit funds. A rate in dollars. None of these is a deposit. | |||||
| mF-ONE Spot · lend · borrow · Collateral · Accrues | Midas | $1.12 | — | 9.87 | NAV · 2026-08-29 |
| JAAA deRWA deJAAA Spot · lend · borrow · Collateral · Accrues | Centrifuge | $1.04 | — | 5.14 | NAV · 2026-08-29 |
| FalconX Credit Vault AA_FalconXUSDC Spot · Collateral · Accrues | Pareto | $1.10 | — | 8.37 | NAV · 2026-08-29 |
| mAPOLLO Spot · Collateral · Accrues | Midas | $1.11 | — | 8.87 | NAV · 2026-08-29 |
| No price risk Market neutral Built to hold a dollar price. None of these is a deposit. | |||||
| mHYPER Spot · Collateral · Accrues | Midas | $1.12 | — | 7.06 | NAV · 2026-08-29 |
| Price risk Bonds & Money Markets Prices move, and they pay while you hold. | |||||
| Turkish Lira Money Market wiTRY Spot · Accrues | Brix | — | — | 10.93 | Live |
| iBoxx $ High Yield Corporate Bond ETF HYG HYGon Spot · Perp · lend · borrow · Collateral · Accrues | Ondo | $83.56 | — | 6.51 | — |
| All hours Crypto Spot or perp. The price can move against you. | |||||
| BTC.b BTC BTC.b Spot · Perp · lend · borrow · Collateral | Lombard | $77,312.65 | 0 | — | Live |
| Wrapped Ether ETH WETH Spot · Perp · lend · borrow · Collateral | — | $2,423.97 | 0 | — | Live |
| Solana SOL Perp · Collateral | — | $178.22 | 0 | — | Live |
| HYPE Perp · Collateral | — | $32.48 | 0 | — | Live |
| Zcash ZEC Perp · Collateral | — | $1,463.03 | -3.56 | — | Live |
| Cash session Equities Tokenized US stocks and ETFs, from more than one issuer. | |||||
| Apple AAPL AAPLon Spot · Perp · lend · borrow · Collateral | Ondo | $313.19 | — | — | — |
| Coinbase COIN COINon Spot · Perp · lend · borrow · Collateral | Ondo | $172.67 | — | — | — |
| Invesco QQQ QQQ QQQon Spot · Perp · lend · borrow · Collateral | Ondo | $713.07 | — | — | — |
| Netflix NFLX NFLXx Spot · Perp · lend · borrow · Collateral | xStocks | $81.72 | — | — | — |
| SPDR S&P 500 ETF SPY SPYon Spot · Perp · lend · borrow · Collateral | Ondo | $768.74 | — | — | — |
| Cash session AI & Space Chips, software, and Tesla. | |||||
| NVIDIA NVDA NVDAon Spot · Perp · lend · borrow · Collateral | Ondo | $217.23 | — | — | — |
| Palantir Technologies PLTR PLTRon Spot · Perp · Collateral | Ondo | $173.81 | — | — | — |
| Tesla TSLA TSLAon Spot · Perp · lend · borrow · Collateral | Ondo | $346.35 | — | — | — |
| Price risk Commodities Gold, silver, oil. | |||||
| Tether Gold XAUT Spot · lend · borrow · Collateral | Tether | $4,625.54 | — | — | Live |
| iShares Silver Trust SLV SLVon Spot · Perp · Collateral | Ondo | $61.61 | — | — | — |
| United States Oil Fund USO USOon Spot · Perp · Collateral | Ondo | $134.01 | — | — | — |
| More listed than shown. | |||||
World Markets · on Ethereum
98% of lent capital counts toward margin. Spot, perps, and fixed-rate loans in one cross-margined account.
| Item | Value | Docs |
|---|---|---|
| Cost | ||
| Maker / taker Maker / taker | 5 bps / 10 bps | docs → |
| Max fee per trade Max fee per trade | $10 | docs → |
| Borrow / lend fee Borrow / lend fee | $0 | docs → |
| Collateral and margin | ||
| Collateral Collateral | any listed asset, including yield-bearing | docs → |
| Lent capital counted as margin Lent capital counted as margin | 98% | docs → |
| Margining Margining | on net exposure, per asset | docs → |
| Auto-deleveraging Auto-deleveraging | none | docs → |
| Mechanics | ||
| Accounts Accounts | sub-accounts · trade-only keys | docs → |
| Contract state Contract state | fully readable on-chain | docs → |
| SDKs SDKs | TypeScript · Rust | docs → |
World Markets · on Ethereum
Give your token a market. An order book, margin utility, and a loan market for the asset you issued, on a venue with no paper of its own.
Your asset getsWhat it means for holders
The next 5 years will see DeFi make end users more money than any other financial system.
You can now make more money onchain, because your assets escape silos to become unified collateral for products offered anywhere on the globe. The fragmentation in traditional markets is itself the solution to trust problems. Problems which get solved only by building on Ethereum.
World Markets expands Vitalik's Low-risk defi to all asset classes, with an edge in capital efficiency that can outpace traditional markets by leveraging shared state.
And in a world increasingly consumed by software, we believe DeFi will deliver higher returns and better products with a >10x the velocity of the current financial system.
The market's evolution favors DeFi.