Vesper
Vesper · Ondo Market-Making Guide

Market-making on Ondo.
Your setup, step by step.

Ondo offers perpetual markets linked to assets such as gold, indices and stocks. Vesper supports the markets and modes currently shown in its settings. A perpetual is not ownership of the underlying asset; fees, funding and trading hours require separate review.

Documentation reviewed September 26, 2026; not a new live engine or eligibility audit. Check current settings and authorization in your account. Account and legal pages retain their original language.

Check account access · signed authorization · non-custodial · reviewed 26 September 2026

OUR MOST ADVANCED ONDO MODE

AURUM · Ondo

Our most advanced market-making mode for Ondo. AURUM brings market-aware execution and a cosmic interface to Vesper, on your own account.

Inside AURUM

Before you start

Three things you need

01

A supported EVM wallet. Use a wallet supported by the current connection screen. Inspect the requested signature; never enter a seed phrase or send a private key.

02

An eligible Ondo Perps account. Check current regional, referral and existing-account requirements before funding. An invite link is not a guarantee of access.

03

Available margin on Ondo. Requirements depend on the instrument, order size, leverage and existing exposure. A sample balance is not a recommended deposit or proof that your selected settings are safe.

1Ondo account

Check eligibility and create or verify your account

Open app.ondoperps.xyz/?ref=867C4M and review the current access terms before using Connect Wallet to sign in. If eligible and asked for a referral code, use 867C4M. Before any deposit, check the asset, network, minimums and account compatibility in the venue interface.

Already have an account, or see an invite-only message? Confirm eligibility with support before creating another account or moving funds. Do not post keys, signatures or other account secrets in a public chat.

2Connect

Connect the same wallet and review authorization

Open sypherscore.com/vesper/connect, switch the venue to Ondo, and connect the same wallet. In the documented flow the wallet signs the binding request. Inspect the actual scope, expiry and venue revocation options before authorizing; grant only the required trading permissions and no withdrawal access.

✓Confirm the binding status before Start. A saved binding is not an active trading session or proof that orders are being placed.
3Market

Pick what Vesper should make

Choose from the supported instruments shown in settings. Availability can differ by mode: Argent, Sniper and Vulcan have separate workflows. Review depth, spread, tick size and fees; a busy market is not automatically profitable to make.

Check the venue’s current market hours, funding schedule and price sources. An underlying exchange being closed can change liquidity and price discovery.

4Launch

Pick a mode, set the size, press Start

Read the guide for the mode actually selected. Adaptive and tighter quoting styles make different trade-offs between waiting, execution and inventory. A mode name does not guarantee more fills, lower cost or protection from every volatility spike.

Review margin, clip size, leverage, inventory and loss limits before signing Start. Monitor state and rejection reasons. The engine runs server-side; closing the browser is not a Stop request.

While it runs

Reading the dashboard

  • Live status

    Read the reported state together with timestamps, orders and positions. A waiting label alone does not prove that the venue is flat or the session is healthy.

  • Activity feed

    Inspect fills, prices and available execution details; reconcile missing or stale records with the venue rather than assuming every event is current.

  • Totals

    Read realised P&L, filled turnover, fills and fees together. CPM is cost per $1M of filled turnover under the stated accounting convention, not a profit guarantee or a measure of open-position risk.

  • Stop

    A signed Stop requests cancellation and flattening. Wait for terminal status, then independently verify zero positions and no open orders on all affected venue markets, and review History. Interruptions can delay completion; cleanup may incur fees and realise losses. If state is unknown or cleanup fails, do not start another session; inspect the venue and contact support. See risk controls.

Security

Permissions and cleanup

  • Trading scope. Review the authorization and do not grant withdrawal access. Trading can lose money even while funds remain on your own account.

  • Protect wallet secrets. Do not enter a seed phrase or send a private wallet key. Inspect what the wallet is signing; a signature can grant consequential permissions.

  • Forget versus revoke. Removing a saved binding and revoking authorization at the venue are different actions. Neither proves that existing positions and orders are closed. Verify venue state before treating the session as finished.

Keep reading

Other Vesper guides

All guides  ·  How market making works  ·  About Vesper