# Robinhood Chain liquidity — X 热门讨论 (2026-09-16 09:33 UTC)
## @RH_Gems (Robinhood Gems 💎) · 09-15 20:18 · ♥209 ↻129 💬14 Robinhood Chain launchpads are getting a reality check. 👀
Lemon. Flap. Pons. Noxa. Hood Fun. Hashling.
One board. All the important numbers.
Hashling says: → 80% of curve + locked-liquidity fees to creators → 0.445 ETH to graduate vs 0.745 ETH on Hood Fun → 0% extra bonding-curve fee → Liquidity locked forever → No owner. No upgrade path.
No vibes. No marketing fluff.
The contracts are public. Compare them yourself 👇 https://t.co/vXlqoHarTd
#RobinhoodChain @hashlingxyz https://x.com/RH_Gems/status/2099955981442847045
## @anzep13 (anze) · 09-15 12:02 · ♥73 ↻6 💬16 Shots fired.
Securitize's CEO went at xStocks and Coinbase this week, calling their onchain stocks synthetics. It's a bit harsh (pretty much in CT style), but he has a point.
A synthetic tracks an asset's value without giving you ownership of it. That's exactly what Ondo, xStocks, bStocks and Robinhood stocks are. There are real shares behind them, they just sit at a custodian, so you don't own them as an onchain holder.
None of this makes them unsafe to trade tho, it just means you should know what you're holding. I've traded my fair share with xStocks on Solana and stocks on Robinhood chain and am still pretty bullish on both, as they have their advantages, like large liquidity and DeFi integrations.
Three models onchain right now: > Issuer-sponsored - the token IS the share, on the cap table. @Securitize, @Figure > Custodial - a real broker entitlement with a token on top. @DinariGlobal, @Backpack > Structured note - debt of an offshore SPV tracking the price. @Ondo, @xStocksFi, @bstocksfinance, @RobinhoodApp
Ondo, bStocks and xStocks lead in TVL right now, all structured notes. The issuer-sponsored ones are still a small share of it.
Curious to see which model actually wins volume and TVL long-term once the market matures enough. > 引用 @carlosdomingo: Synthetics making fun of other synthetics was not on my bingo card https://x.com/anzep13/status/2099831238995415415