DeFi · X 热门 · 2026-09-24 15:35 UTC

# DeFi — X 热门讨论 (2026-09-24 15:35 UTC)

## @Crypt0Xenesis (𝐂r𝐲p𝐭o X𝐞n𝐞s𝐢s) · 09-24 10:59 · ♥84 ↻30 💬98 Tokenized Stocks Are Missing A Layer, @notesystems Wants to Build It.

Tokenized equities were a big step forward in DeFi: because of it, stocks can now trade, move, and interact on the blockchain.

However, we copied the asset and left behind the financial machinery that surrounds it in traditional markets.

→ Structured Notes

In traditional finance, equities sit inside a huge layer of income and risk-transfer products. The biggest is the autocallable structured note, a market that saw roughly $538B issued globally in 2025 (Based on data from ETFGI). Structured Notes have always been bank-centered.

$NOTE Systems is building the infrastructure to bring these notes on-chain, with no institutional middleman.

Picture two people looking at the same market from completely different angles.

One has $100,000 in stablecoins say $USDG and wants that capital to earn high yield not sit idle.

The other already holds $100,000 worth of an equity token a m tokenized stock like $SPCX for instance. They believe in the asset long term, but they also know what happens when markets goes sideways. They want protection without selling their position.

In traditional finance, these two needs can meet inside a Structured Note.

The bank designs the product, prices the risk, holds the other side of the trade, manages the exposure, and eventually settles everything.

The middleman (Bank) is doing a lot of work.

This is where @notesystems steps in.

Instead of asking a bank to sit between the two sides, Note Systems turns the structure itself into an on-chain market.

The yield seeker becomes the COUPON side.

The investor looking for downside protection becomes the SHIELD side.

Their interests are connected. The COUPON side earns a high coupon for taking a specific kind of downside risk. The SHIELD side pays that coupon to get protection on the equity token they already hold.

And the price of that protection doesn't simply come from a dealer's desk. It can be discovered by the market through the balance between demand for yield and demand for protection.

So what does the trade actually look like?

Say the equity token starts at $180.

The note has a downside barrier at $117.

Every two weeks, the protocol checks the asset's official market close.

If the asset reaches $180 or higher on an observation date, the note can end early. The yield side gets its principal back, while the stock holder gets their position back.

If the asset stays above $117 but never triggers the early exit, the yield side keeps collecting its scheduled coupons.

But if the asset finishes below $117 at maturity, the equation changes.

Instead of receiving their principal back in cash, the yield side receives the equity token at the original $180 reference price.

The person who wanted protection has effectively transferred that downside exposure to them.

That is the part people can easily miss.

The high yield isn't free money. It is the price paid for taking the risk someone else wants to get rid of.

And when you look at the structure that way, the design choices starts to make more sense.

Three things matter here

➮ First, everything is funded before the trade begins.

The obligations are placed into escrow upfront. There is no borrowing, no margin call and no frantic scramble for collateral halfway through a crash. If settlement requires stock tokens, those tokens are already there.

The trade-off is capital efficiency. But the structure doesn't depend on someone finding more money at the worst possible moment.

➮ Second, the protocol knows that stocks and blockchains operate on different clocks.

Crypto trades 24/7. The underlying equity market doesn't.

So Note Systems uses defined official closing observations rather than letting a random weekend price or thin off-hours move decide whether a note has autocall or knock-in consequences.

➮ Third, the note doesn't have to stay trapped inside the institution that created it. https://x.com/Crypt0Xenesis/status/2103076868119306627

## @Arpon_360 (Arpon) · 09-24 13:12 · ♥74 ↻3 💬80 Liquidity has always been available for bitcoin.

What is lacking are more methods of making that liquidity useful without just removing BTC from the equation.

Which is why I took notice of @Starknet 's BTCFi approach.

Through strkBTC, Bitcoin will be able to enter the Starknet ecosystem and carry out interactions with DeFi that are not limited to simply holding an asset.

BTC can potentially become:

• collateral for borrowing • liquidity for DeFi markets • an asset for lending • capital for liquidity provision • part of staking and other onchain strategies

The key change in this case is utility.

Rather than the BTC remaining unused, its liquidity can be incorporated into the wider financial environment in which various protocols can be developed around it.

There's also a rather interesting aspect concerning privacy.

strkBTC allows public use, whereas the supported features provide shielded transactions for users who want greater control over what is exposed onchain regarding their balances and transfers.

What this means is that the idea extends beyond just introducing Bitcoin to another network.

This is concerning giving Bitcoin more flexibility when it enters an environment that is built around programmable finance.

Think about the difference:

The value of bitcoin remains even when it is held in a wallet.

BTC that can at the same time be used as collateral can be lent in a market, help provide liquidity, or give access to other DeFi opportunities and thus has a wide range of possible uses.

This is the direction BTCFi is aiming for.

Starknet is developing on the basis of that concept with Bitcoin liquidity at its core.

The interesting question for me is not whether Bitcoin already possesses sufficient liquidity.

It clearly has a great deal of capital at its disposal.

The question is how much useful infrastructure one can build on that capital.

strkBTC is one element of that puzzle.

Bitcoin has already been established as an asset.

What makes things more interesting is bitcoin's quality as a productive, composable and optionally shielded form of capital.

The aspect of @Starknet BTCFi that I'll be keeping a close eye on is that.

Explore more 👇

https://t.co/HKHeE72hyP https://x.com/Arpon_360/status/2103110282532770281

## @liuxiaoling933 (baby) · 09-24 11:06 · ♥73 ↻0 💬70 以前搞链上理财确实有点担忧，要么得把币质押进去，要么就得锁仓搞好久，再不然还要风险极大地跑去组LP，搞不好还得吃无常损失。

现在币安钱包的DeFi专区出了个叫Hold to Earn（免存生息）的功能，说白了就是：只要把你手里的资产放在币安无私钥钱包里充当活期，啥都不用押，也不用锁，就能自动躺着拿收益，期间你想随时转账、去交易，完全不受影响，资金自由度极高。

玩法超级简单：打开币安App，依次点【钱包】→【发现】→【理财】→【免存生息】找到支持的币种（目前支持BSC链上的U，还有ETH链上的USDe和USDS），只要持仓大于10U，点一下激活就能开始产奶。

另外重点说下U，现在刚好有专属活动：直接在钱包里用兑换功能换并持有最少100U，就能去瓜分15,0000U的奖池，前1万名能去分11.4万U（第一名甚至独享1万U），就算排不上前一万，前10万名也能平分剩下的3.6万U，几乎算人人有份了。

算上这个活动，U的综合年化非常顶。收益按天计算（看你每天最低持仓），每周发一次。闲钱白放着也是放着，不如顺手给激活了。 https://x.com/liuxiaoling933/status/2103078583896064103

## @Cardanians_io (Cardanians (CRDN)) · 09-24 14:21 · ♥90 ↻18 💬4 REMINDER: RealFi is set to launch on Cardano in 7 days, on October 1st.

RealFi connects stablecoin capital on-chain with real-world credit markets.

With it, Cardano gets another real-world use case and a new, ambitious DeFi product.

Looking forward to it! https://t.co/41aQrCKxSG https://x.com/Cardanians_io/status/2103127744985158063

## @Mihawk_Research (Dracule Mihawk) · 09-24 12:44 · ♥78 ↻13 💬25 I believe @Solana has always been the starting point for major on-chain trends before they explode across the wider market.

– It happened with memecoin launchpads through @Pumpfun.

– It happened again with tokenized stock memecoins through @LaunchonSF.

Now, I am becoming increasingly convinced that the next major wave will be AI Agents and AI Agents connected to tokenized stocks through @Clawpumptech.

I also noticed that @ConejoCapital, the founder of Clawpump, recently spoke with Toly, the co-founder of Solana.

Hopefully, they are cooking something major for the Agentic Economy on @Solana.

To help you navigate the ecosystem and avoid missing potential opportunities, I have mapped some of the most notable projects across the @Clawpumptech ecosystem by category:

– Breakout Unicorns: @squire_bot and @SelfMadebySP3ND

– Infrastructure: @Hyre_agent, @saidinfra, @Shin_StAItion, @FUDmarkets, @usemonark, @Clawville_World and @aeviaprotocol

– Community Operators: @clawhunterso, @HyperBullSol, @pump_rpg and @tipansem

– DeFi Power Traders: @penguinxbt_, @OculaDEX and @corinedotin

These are only some of the standout tokens that have successfully bonded on @Clawpumptech.

The Clawpump ecosystem still has many potential unicorns preparing to launch.

The Agentic Economy on Solana may only be getting started and @Clawpumptech is the pioneer of Agentic Economic on Solana.

DYOR and NFA. https://x.com/Mihawk_Research/status/2103103358752166153

## @drarjantit (Arjantit) · 09-24 14:24 · ♥81 ↻0 💬47 ethereum:0xfaba6f8e4a5e8ab82f62fe7c39859fa577269be3 | BlackRock

Ondo has launched Intelligent Portfolios, starting with 3 portfolio tokens based on strategies developed by BlackRock specifically for Ondo.

High income, diversified growth, high growth

Instead of buying a basket of assets, weighting every position and handling each rebalance yourself, you hold a single token that gives you exposure to the entire portfolio

Holdings, weights and rebalances are visible onchain. The tokens can also move between wallets, exchanges and DeFi applications

That’s bigger story here

Tokenization is moving beyond individual stocks and funds. Complete asset management products are now coming onchain too and Ondo is placing itself directly in the middle of that transition

Timing is interesting as well

Only last week Ondo’s subsidiary Oasis Pro Markets became the first tokenization platform to join DTCC’s Fund/SERV network, infrastructure that processes more than 85% of US mutual fund transaction activity

Now BlackRock developed portfolio strategies are being delivered through Ondo as transferable onchain tokens

The chart reacted immediately but $0.50 is still the first level I want to see reclaimed properly

If ONDO closes above it on the daily I’m watching $0.55 first and then $0.60

On a pullback the $0.40-$0.42 area needs to hold. Losing $0.40 would probably mean the chart needs more time before the next leg

I’m not expecting a straight line from here but this is a meaningful step for Ondo

Single assets came first

Now complete portfolios are moving onchain

Medium to long term I like where this is heading https://x.com/drarjantit/status/2103128385446691253

## @BlaqOnyemauche (DeFi Gateway 🥷) · 09-24 13:02 · ♥79 ↻1 💬43 Earlier today, I explored the SIXR Cricket campaign on ActionFi, Action Model’s bounty layer, and next thing I knew, I was already checking the leaderboard 😭

Now I’m completing SIXR tasks like my village people are sitting one position behind me 😂

There’s actually something on the line: @SIXR_cricket has a $100K $SIXR reward pool running on ActionFi until October 25.

75% goes to the leaderboard, with the top 200 sharing the allocation.

The other 25%? Lottery.

Complete an eligible task and you’re in.

Plus, verified ActionFi tasks can earn you $LAM Points while your actions help train @ActionModelAI.

I came for cricket.

Now every task feels like I’m playing the final over 😂

Join ActionFi here: https://t.co/vuhcqN4Yf6 https://x.com/BlaqOnyemauche/status/2103107823001272417

## @Defi_Warhol (DeFi Warhol) · 09-24 13:13 · ♥74 ↻11 💬21 Since my last post, I wanted to see what’s actually appearing on the @CNPYNetwork launchpad.

Most were listed after mainnet, while a few were already building before it.

Here’s what I found ↓

1️⃣ LIQUID STAKING

@canoliq (building before mainnet) – Liquid staking for CNPY. Depositors receive cCNPY while their pooled CNPY earns staking rewards.

2️⃣ PREDICTION MARKETS

@praxis_fdn – Prediction market terminal built on Canopy for trading outcomes, trading your beliefs, and earning rewards.

3️⃣ ONCHAIN GAMING

Canasino – Building an onchain casino with Bingo already live, and Poker, Roullete, and other games coming soon.

4️⃣ EDUCATION

FPQ Chain – An education-focused Canopy project linked to FreePYQ, a live practice platform with >10,000 questions.

5️⃣ AI AGENTS

Machina – Infrastructure for AI agents to share information, coordinate tasks, and make payments.

6️⃣ BUILDER ECONOMIES

Clamax – Reward-based chain for builders.

7️⃣ COMMUNITY TOKENS

Sapling – An unofficial community token inspired by the Canopy ecosystem.

8️⃣ MEMES AND EXPERIMENTS

WEROCKED – Dog-themed memecoin.

LAPTOPHUNTER – Hunter Biden-inspired memecoin.

Anything interesting missing? > 引用 @Defi_Warhol: Over 60M projects were created using AI on @Lovable alone in less than 2 years.

Vibe coding an app is easier than ever, but deploying it securely onchain is the hardest part.

@CNPYNetwork makes it easier for vibe coders and devs to launch their own appchain, with shared security, a wallet, and an explorer built in, with no advanced technical knowledge required.

Their mainnet launched on September 7, so you can now move from testnet experiments to live appchains with real transactions, fees, and rewards.

Validators stake $CNPY and can use the same stake to secure multiple appchains, so new projects don’t have to build a security network from scratch.

On top of that, as your app grows, you can keep using Canopy’s shared infrastructure or move toward running independently, and I love that you can have that choice.

If you’re a dev looking to get your app off the ground with its own appchain, this is worth checking out: https://t.co/YxXA6kQOIt https://x.com/Defi_Warhol/status/2103110542466654654

## @0xMavobe (Max vB | Bitpanda Web3) · 09-24 11:11 · ♥71 ↻19 💬7 Vision team is heading to Singapore for @token2049 🇸🇬

Looking to meet teams building in DeFi, tokenized equities and consumer onchain apps.

Vision Chain is our upcoming L2 for tokenized assets and onchain markets. Vision Wallet is our self-custody wallet product.

DMs open, or come say hi at the @Bitpanda booth (Oct 7–8), Level 4, Marina Bay Sands 🤝 @vsntoken @VisionWallet https://x.com/0xMavobe/status/2103079845676691742

## @tradewithpaulo (Paolo) · 09-24 14:43 · ♥80 ↻11 💬11 I've been in this long enough to remember when suggesting BlackRock would ship products onchain got you laughed at.

Now they've done it. Their portfolio strategies, delivered as a single token you hold in your own wallet, rebalancing automatically, composable with DeFi.

This is the thesis I've believed for years actually landing. Not banks fighting crypto. Banks building on it.

I'll keep it honest: it's non-US only, and it's BlackRock's strategy licensed to Ondo, not BlackRock minting the token. But the direction is undeniable. The rails won, and the biggest player on earth just proved it. > 引用 @Ondo: Introducing Ondo Intelligent Portfolios, the first three portfolios powered by BlackRock.

Ondo Intelligent Portfolios introduces a new onchain product category: curated investment portfolios delivered as single onchain transferable tokens.

The first three portfolios are based on portfolio strategies developed by BlackRock for Ondo, marking the first time eligible onchain investors can access exposure to such strategies through a single token.

1. BLKHIon: Ondo High Income Powered by BlackRock

2. BLKDIGon: Ondo Diversified Growth Powered by BlackRock

3. BLKGRWon: Ondo High Growth Powered by BlackRock

Diversified, professionally constructed strategies have historically required brokerage accounts and traditional fund structures. Now, delivered as peer-to-peer transferable tokens from Ondo, these onchain portfolios become accessible to eligible non-US investors in permitted jurisdictions through the wallets, exchanges, and DeFi applications they already use.

“Tokenization creates new ways for portfolio strategies to be delivered through digital infrastructure. Diversified portfolio strategies can be incorporated into tokenized investment products, enabling eligible investors to access diversified allocations through a single instrument. It shows how established portfolio construction approaches can be delivered through new channels and technologies.” - Lisa O’Connor, Global Head of the Model Portfolio Solutions team and Co-CIO for Global Solutions within the Multi-Asset Strategies group at BlackRock

Ondo Intelligent Portfolios can unlock novel capabilities:

→ Programmatic rebalancing → Full composability with DeFi → Complete transparency onchain → Multiple asset classes in a single token

This is just the start for Ondo Intelligent Portfolios. The infrastructure is now in place for leading financial institutions to bring their asset allocation expertise onchain. https://x.com/tradewithpaulo/status/2103133344297079135

## @aleximarkett (alexi) · 09-24 14:41 · ♥82 ↻10 💬7 I’ve been waiting for tokenization to move beyond simply putting individual assets onchain.

This feels like a much bigger step.

Taking an entire portfolio strategy and packaging it into one transferable token changes how I think about accessing diversified investments.

If this works at scale, I can see portfolios becoming composable building blocks across wallets, exchanges and DeFi instead of something locked inside a traditional brokerage account.

That’s where tokenization gets really interesting to me. > 引用 @Ondo: Introducing Ondo Intelligent Portfolios, the first three portfolios powered by BlackRock.