# DeFi — X 热门讨论 (2026-09-25 09:04 UTC)
## @kappybruh (Kappy) · 09-25 05:26 · ♥87 ↻0 💬109 A different side of @agenticscredit that I think deserves more attention is what they’re building for other protocols and developers.
The Agentic Credit Score isn’t only meant for traders to look at.
Agentics is making it available through an API, so other platforms can use a wallet’s real trading performance to underwrite agents, gate vaults, or price risk.
That’s a bigger idea than just another AI trading app.
Imagine a DeFi platform being able to check an agent’s track record before giving it access to capital.
No screenshots. No “trust me bro.” No judging someone by their follower count.
Just actual trading data turned into a score that other applications can use.
That’s the infrastructure angle of Agenticscredit I find really interesting.
They’re not only building agents.
They’re building a credit and reputation layer for them. https://x.com/kappybruh/status/2103355434170011858
## @Defi_Warhol (DeFi Warhol) · 09-25 08:20 · ♥115 ↻13 💬31 Bitget CEO @GracyBitget went live after the hack to address the damage and what happens next.
And some dude in the chat asked if she was single 😭
“Yes I’m single but this doesn’t concern you”
LMAOOOO https://t.co/a9DrNKfpqD https://x.com/Defi_Warhol/status/2103399339225911712
## @Damian__web (Damian 🧸) · 09-25 07:37 · ♥89 ↻7 💬52 ngl this week was the most packed drama filled week ever
> a man soloing kalshi
> waleswoosh and rasmr drama
> geek vs the whole ct
> defi protocol suing each other
> Jeff yan predicting Bitget might get hacked
> Bitget getting hacked on the day hype listed on binance
> someone mogged cloudz when he doxxed
dramas like this makes it easier to have fun on here man
link to everything in cs https://x.com/Damian__web/status/2103388310362014173
## @stacy_muur (Stacy Muur) · 09-25 07:43 · ♥84 ↻13 💬30 ICYMI, @BlackRock manages over $14T.
@OndoFinance’s tokenized-stock platform passed $1B in TVL and $18B in trading volume within eight months.
So this collaboration is a pretty big deal.
BlackRock developed three portfolio strategies for Ondo:
1. High Income 2. Diversified Growth 3. High Growth
Ondo turned each one into a single transferable token.
Eligible non-US investors can hold a complete portfolio of tokenized stocks and ETFs without buying and rebalancing every position themselves.
The underlying assets are backed 1:1, dividends are reinvested, and every holding, weight, and rebalance is visible onchain.
For crypto, this means DeFi could gain access to a much wider range of productive collateral.
Honestly? Super stoked. > 引用 @WatcherGuru: JUST IN: BlackRock partners with $ONDO to launch tokenized investment portfolios. https://t.co/FRkLTLuSaZ https://x.com/stacy_muur/status/2103389793153638636
## @WorldOfMercek (Mercek) · 09-25 07:44 · ♥72 ↻6 💬49 Vaults are becoming the default capital allocation layer as DeFi credit markets grow more complex.
With institutional interest rising, the next challenge is defining what makes a vault truly noncustodial.
Here’s what’s actually at stake.
— — —
► Vaults Are Becoming Financial Infrastructure
DeFi credit markets are becoming more expressive, with price, maturity and liquidity creating thousands of possible lending markets.
That makes manual capital allocation increasingly impractical.
Vaults abstract this complexity by allocating capital across multiple markets through predefined rules.
Morpho Midnight is pushing this model further.
— — —
► The Problem Is No Longer Whether Vaults Work
“Vault” now covers very different systems, with differences in:
• custody and permissions • allocation authority • manager discretion • depositor protection • redemption mechanisms
@PaulFrambot argues vaults should be classified by how they actually function, not by the label attached to them.
@HesterPeirce’s framework places vaults on a spectrum from programmatic allocation to human discretion.
— — —
► Morpho’s Definition of a Noncustodial Vault
@Morpho keeps curators constrained by code while giving users an exit before risk increases.
Four safeguards:
• Timelocks delay riskier changes • Role-based permissions limit curator actions • In-kind redemptions return underlying positions • Immutable contracts lock in protections
The curator still allocates capital, but within code-enforced limits.
— — —
► Discretionary Vaults Trade Control for Flexibility
Discretionary vaults give managers more freedom over capital allocation, enabling market making, leverage and cross-chain strategies.
The tradeoff is greater reliance on manager judgment and risk management.
Paul’s point is not to remove them, but to classify them differently from code-constrained vaults.
— — —
► Custody vs Investment Discretion
The real question is not only whether users can withdraw. It is who controls the investment decisions.
Vault: User funds protected → Curator chooses markets → Curator selects collateral → Curator allocates liquidity → Curator chooses strategies
Peirce’s framework runs from immutable, programmatic allocation to human discretion.
That distinction can shape how regulators interpret the vault.
— — —
► Vault Safety Features Have Tradeoffs
Sun highlights tradeoffs in Morpho V2’s safeguards:
• Timelocks → more time to exit, but trust in the curator remains.
• In-kind redemptions → more flexibility, but can create adverse selection.
• Onchain accounting → more transparency, but adds attack and bank-run risks.
• Immutability → limits arbitrary changes, but makes critical bugs harder to fix.
No single mechanism fully solves vault risk.
— — —
► RWA + Private Credit Expose the Limits of the Framework
RWA vaults can have low manager discretion while assets remain with an offchain custodian, making legal structure part of the protection.
• Licensed issuance • Segregated custody • Enforceable claims
Private credit adds another layer:
• Who underwrites the asset? • Who controls cashflows? • Who bears liquidity risk? • Who provides legal recourse?
Here, limited liquidity is not necessarily a flaw. Maturity can be part of the asset.
— — —
Vaults are becoming the interface between capital and increasingly complex onchain credit markets.
The next challenge is making allocation, custody, liquidity and legal risk legible to institutions and regulators.
The real unlock is not more vaults, but clearer standards for how onchain credit operates. > 引用 @PaulFrambot: The Next Phase of Vaults https://x.com/WorldOfMercek/status/2103390172184248382
## @DustswapOnBase (Dustswap) · 09-25 06:27 · ♥73 ↻15 💬30 Dustswap is sunsetting the PP Points program.
Starting today, PP Points will no longer be earned across Dustswap.
Thank you to everyone who has used Dustswap, collected PP, and supported us throughout this journey 💙
Dustswap itself is not going anywhere.
You can still:
→ Swap and bridge across 40+ chains → Sweep up to 20 tokens in one transaction with @coinbase Wallet → Sweep up to 10 tokens with other supported wallets
And we’re not stopping here.
More features and improvements will continue to be added as we focus on making Dustswap a better consumer DeFi experience.
More details regarding PP Points and the airdrop will be shared soon.
Thank you for building this journey with us.
Dustswap keeps running. Dustswap keeps building. https://x.com/DustswapOnBase/status/2103370768583421993
## @FUSE_BITCOIN (FUSE BITCOIN) · 09-25 08:42 · ♥107 ↻4 💬6 ₿ FUSE BITCOIN — $FUSEBTC
📜 CA: 0x2FAc24B9f3386f296C2694931C11b0c1EF82079b
📊 DEXSCREENER: https://t.co/q44X7Ix0wb 🔥 THE 10% TAX CONCEPT
FUSE BITCOIN was created with a simple vision: use part of the transaction tax to fund the project’s development and growth within the ethereum:0x126f5ece91d971f8ad62fa4fc1054456b8bd1111 ecosystem.
The 10% tax is designed to support boosts and visibility, fund token burns, and help reduce the supply over the long term.
More activity and volume can generate more resources through the tax, which can then be used to grow the project, increase visibility and attract new investors.
💎 To reach our goals, we need loyal holders, strong volume and a community that believes in the project for the long term.
With a strong community, growing volume and continuous development, our ambition is to take FUSE BITCOIN much higher than most people can imagine. 🚀
₿ FUSE BITCOIN — The Bitcoin of the FUSE ecosystem?
A concept. A community. A long-term vision.
👉 https://t.co/CKJRW4YWEO
#FuseBitcoin #FUSE #FUSEBTC #Bitcoin #Crypto #DeFi #Memecoin #CryptoCommunity #TokenBurn #Web3 https://x.com/FUSE_BITCOIN/status/2103404687915376997
## @Defi_Warhol (DeFi Warhol) · 09-25 06:27 · ♥75 ↻10 💬22 Fyi, @Ondo’s new stock conversion system is live on 2 networks: @Ethereum and @BNBCHAIN.
With everyone talking about tokenized stocks lately, here’s why this matters.
Before, institutions that already owned the shares still needed separate cash to mint their tokenized versions.
Now, approved institutions can send those shares directly through @AlpacaHQ’s Instant Tokenization Network and receive the matching Ondo tokens.
They can also reverse the process and get the underlying shares back.
It gives market makers a much easier way to move stock inventory onchain, which should help create deeper liquidity, tighter spreads and better prices.
The catch? For now, it’s only available to institutions approved by Alpaca. Hopefully, they open it up to more participants over time. > 引用 @Ondo: Introducing a new way to bring shares onchain.
Starting today, approved institutions can use shares they already hold to mint Ondo Stocks through Alpaca’s Instant Tokenization Network.
This gives institutions a direct path from existing share inventory to onchain markets, supporting tighter spreads and deeper liquidity.
How it works:
→ Mint Ondo Stocks using underlying shares → Redeem tokens to receive the shares back → Live now on Ethereum and BNB Chain
Building on Ondo Stocks’ just-in-time liquidity model, in-kind conversion adds a new route alongside cash-funded transactions.
The result: more capital-efficient liquidity provision, tighter spreads, and greater depth across secondary markets. https://x.com/Defi_Warhol/status/2103370667467194487
## @MatthewHyland_ (Matthew Hyland) · 09-25 08:00 · ♥81 ↻3 💬4 All #Altcoin sectors will go:
Utility Dino-coins Defi MEMEs Privacy AI RWA L1s L2s > 引用 @MatthewHyland_: #Altcoin Supercycle commencing
Absolute MAX Pain incoming for the 99.99% who declared Altcoins & #Crypto dead here in 2026 https://t.co/1Xk4kt6aP2 https://x.com/MatthewHyland_/status/2103394071653822964