FX Pairs
Ollo represents each FX pair as its own market with a dedicated order book, token accounting pair, and risk configuration.
Closed Beta Market Set
The closed-beta FX-perpetual reference set includes:
- USD/JPY
- EUR/USD
- GBP/USD
- AUD/USD
- USD/CAD
The closed beta deployment set also includes BTC/USD and ETH/USD as reference markets. They are not part of Ollo's core FX offering.
Launch Scope
The closed beta market list is narrower than the intended launch scope.
At launch, Ollo is intended to support:
- All major FX pairs
- All minor FX pairs
- A broad set of exotic FX pairs
- Stablecoin pairs, with coverage targeted at roughly the top 10 to 20 most adopted stablecoins in DeFi
The current closed beta list is a testnet reference set, not the final launch inventory.
Onchain Representation
Each FX pair maps to a standalone Market contract. The pair is identified by a marketId, and its trading flows are expressed using two virtual FX tokens:
- base token for the base currency
- quote token for the quote currency
These tokens are accounting instruments used by the order book and clearing flow. They are not claims on offchain fiat balances.
Collateral And Settlement Currency
Ollo's collateral model is based on allowlisted assets rather than a single permanent collateral token.
In the current closed beta:
- Margin is posted in USDC1
- PnL is realized in USDC
- Funding and liquidation accounting also settle in USDC
The closed-beta implementation does not imply a permanent USDC-only collateral model. It reflects the current allowlist, where USDC is the only enabled collateral asset.
Broader Pair Scope
Ollo's research agenda extends beyond major fiat pairs into stablecoin-native basis markets. That broader scope is part of the design thesis, not the current live market list.