# RWA — X 热门讨论 (2026-09-25 02:30 UTC)
## @xifancry (夕凡的撸毛之路) · 09-25 02:08 · ♥42 ↻0 💬21 我刚才又把 @TermMaxFi 的 vision 翻了一遍，才发现他们要做的远不止一个 lending protocol。
他们是想给 DeFi 直接搭一套固定收益市场。
每个 token pair 单独开一个 credit market，利率和期限一开始就定死。
把之前零散见过的那些拼在一起：固定期限借贷、可调定价曲线、现货多空、杠杆收益策略。
还能拿 Pendle PT 和 RWA 当抵押，资本效率再往上挤一挤。
我真正盯着的不是某一个功能有多花，
而是这个方向——想把固定利率做成 DeFi 的底层标配，而不是继续当个小众产品。
真做成了，链上 credit 这块会跟现在完全不一样。 > 引用 @TermMaxFi: An Update on TermMax Alpha Dear TermMax Community, Today, we want to share an important update regarding TermMax Alpha. After careful consideration, we have decided to pause TermMax Alpha.
When we built Alpha, the idea was simple but ambitious: to bring fully on-chain options to emerging assets, starting with Binance Alpha tokens.
As the product evolved, that vision expanded to a broader range of emerging and tokenized assets. Over the past months, Alpha saw meaningful participation from the community and real usage across different assets, offering users another way to express market views and contributing to price discovery alongside spot and perpetual markets.
At the same time, operating a fully on-chain options market comes with structural challenges. It relies on sufficient liquidity and participation on both sides, which can be difficult to sustain consistently across different assets. Building deeper and more stable on-chain liquidity takes time and resources.
Given these challenges and the resources required to maintain the experience we expect, we believe pausing Alpha is the right decision at this stage.
This is not a decision we made lightly. We still believe in what Alpha set out to explore, and we value everything we learned from building and operating it. When the conditions are right, we hope to revisit Alpha and bring back an even stronger experience.
To everyone who traded, shared feedback, reported issues, or simply gave Alpha a try, thank you for being part of the journey. 🙏
Note: The Leaderboard has also been updated accordingly, with the Alpha-related Mark removed. All other Leaderboard features remain unchanged. https://x.com/xifancry/status/2103305541900718374
## @FiendFuzzy (Fiendo) · 09-24 19:38 · ♥43 ↻4 💬6 What people won't see: I built a full booster packs launcher for Rapid Packs 🌊
Any creator can theoretically collaborate with RapidPacks to launch a digital pack opening experience of their own - RWA or NFT
TOKENIZE EVERYTHING ON THE XRPL https://t.co/LRJbC9k6bR https://x.com/FiendFuzzy/status/2103207350718832851
## @senemonchain (Senem🌸) · 09-24 22:40 · ♥44 ↻2 💬8 I've been researching RWA and tokenization for some time and @Ondo is taking significant steps in this direction every single day.
This partnership with @BlackRock is truly the biggest step yet in the field of tokenization.
Tokenization will be a major catalyst in crypto adoption.
A new chapter for tokenization. > 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/senemonchain/status/2103253149226074204