Helix, the premier decentralized exchange built on Injective, has launched an all-new category of Pre-IPO Perpetual Markets with up to 5x leverage.
Traders can now gain on-chain exposure to some of the world’s most sought-after Pre-IPO names—such as OpenAI directly on Helix without the traditional barriers of private markets.
This release marks a major step forward for bringing traditionally illiquid Pre-IPO opportunities to decentralized finance. Read on to learn what private company equity perpetuals are, the advantages of trading them on Helix, and a step-by-step guide to start trading these new markets today.
Get started here: OpenAI/USDT
What is a Pre-IPO Perpetual?
Private company perpetuals are Helix’s newest class of on-chain real-world-asset (RWA) derivatives, designed to bring traditionally illiquid private markets directly to decentralized finance. Instead of waiting years for fund redemptions or secondary-market access, traders can now gain synthetic exposure to top private company equity names in a fully programmable, composable format.
Key features of Helix PE Perpetuals
- On-Chain Pre-IPO Exposure: Track the price performance of leading private enterprises without the long lock-ups or accreditation hurdles that define traditional PE investing.
- Dynamic Price Feeds: Initial reference prices are sourced from vetted off-chain NAV data providers and updated every 4 hours at 00:00, 04:00, 08:00, 12:00, 16:00, and 20:00 UTC, bringing regular valuation refreshes to an asset class that normally re-prices only quarterly.
- Capital-Efficient Leverage: Trade with up to 5x leverage, encouraging long-term positioning and making it practical to maintain exposure over extended periods.
- Programmable RWA Primitive: Like Injective’s iAsset framework, Pre-IPO perpetuals can be integrated into lending markets, structured products, and automated strategies. Developers can compose these markets into cross-protocol vaults, hedging tools, or yield strategies without needing separate liquidity pools.
- 24/7 Global Access: While private companies valuations are typically locked behind quarterly reports and institutional walls, Helix Pre-IPO perpetuals trade around the clock, 365 days a year, enabling continuous price discovery and immediate reaction to global macro events.
What Is OpenAI?
OpenAI is one of the world’s leading artificial intelligence research and product companies, best known for creating advanced large language models such as ChatGPT, GPT-4, and DALL·E. Founded in 2015, OpenAI’s mission is to ensure that artificial general intelligence (AGI) benefits all of humanity. The company has pioneered cutting-edge AI tools now used by hundreds of millions globally, while also building a rapidly growing enterprise business through its API platform. Backed by major investors including Microsoft, OpenAI is widely regarded as one of the most valuable and transformative private technology companies of the modern era.
Learn more about the company: here
Why Trade Pre-IPO Perps on Helix?
Helix is the first platform to support the OpenAI pre-ipo perpetual market alongside maker fee rebates, and new ways to earn with every trade.
Market Details:
OpenAI/USDT Perp Market Details
- Underlying asset: OpenAI
- Quote asset: USDT
- Minimum price tick size: 0.01 USDT
- Minimum quantity step: 0.001
- Expire: Perpetual (no expiration)
- Leverage: 5X
- Fees: -0.005% maker fee; 0.05% taker fee
- Trading hours: 24/7/365
How to Trade Pre-IPO Perps on Helix?
In order to trade Pre-IPO perp markets on Helix, you will need to have USDT in your Injective Wallet. The first step is to deposit assets to Injective.
Option 1: Bridge USDT from Ethereum to Injective
- Go to Injective Bridge and connect your wallet;
- Select “Ethereum” from the dropdown menu as the origin source;
- Select “USDT” as the asset to transfer and make sure it has USDT balance;
- Enter the amount of USDT tokens you would like to transfer and click “Review Deposit” and “Confirm”;
- Once the transfer is completed, you can check the USDT balance in your Injective Wallet or the Balances page on Helix.
Option 2: Onboard with Fiat
- You can also onboard onto Helix using popular fiat currencies by selecting from one of the fiat on-ramp providers such as Mercuryo, Kado, Transak or Payfura.
- Choose your payment currency (e.g. USD) and enter the amount in fiat you would like to swap;
- Select Injective as the network to receive your payment amount;
- Follow the instructions and continue the steps;
- Once the transfer is completed, you can check the USDT balance in your Injective Wallet or the Balances page on Helix;
- Swap INJ to USDT by using the Swap feature if needed, and then you are all set to trade!
Trade on Helix
- Go to the OPENAI/USDT PERP market on Helix;
- Choose the side you want to trade on, either Buy (Long) or Sell (Short);
- Then choose the type of order you want to trade, from Market, Limit, or more advanced types;
- Enter the amount you want to trade and select your desired leverage;
- Submit your order and approve it with your wallet;
- Once the order is approved successfully, you will see a notification “Your order has been placed.”
Upcoming Listings
Moving forward, Helix will continue to expand the markets available for users. All community members can propose to bring new assets to Helix using the governance portal on the Injective Hub. Ultimately, all INJ token holders own Injective so the community has the power to bring new assets to the dApp ecosystem.
Stay updated on all new listings by joining Helix on Twitter and Telegram!
Useful Resources
- How to create your Injective wallet: Link
- Onboard onto Injective instantly with fiat: Link
- Transfer assets to Injective via Injective Bridge: Link
- A quick guide on how to make a trade on Helix: Link
- Earn trading fee discounts by staking INJ: Link
- Trade on Helix and earn points: Link
This article is for informational purposes only and is not financial advice or an endorsement of a particular project or application. Use of Helix is subject to Helix’s Terms and Conditions.
About Helix
Helix is the premier decentralized crypto exchange. Helix provides access to unlimited crypto assets and perpetual markets with market leading rebates. Best-in-class security, near zero fees, lightning fast speeds, cross-chain capabilities and a fully on-chain orderbook on Helix provide the optimal gateway to bring crypto trading to the masses. Helix is built on Injective, the interoperable layer one blockchain for building powerful exchange, DeFi, derivatives & Web3 applications.
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About Injective
Injective is a lightning fast interoperable layer one blockchain optimized for building the premier Web3 finance applications. Injective provides developers with powerful plug-and-play modules for creating unmatched dApps. INJ is the native token that powers Injective and its rapidly growing ecosystem. Injective is incubated by Binance and is backed by prominent investors such as Jump Crypto, Pantera and Mark Cuban.
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