The Steakhouse solana:2u1tszSeqZ3qBWF3uNGPFc8TzMk2tdiwknnRMWGWjGWH High Yield vault curated by @SteakhouseFi on @kamino now serves two appetites on Reflect. $250k pre-deposit cap on Protected. $50k pre-deposit cap on Amplified. https://t.co/pLujmD0mL2 https://t.co/JbKcLGpkqq

We've successfully swapped 1,941.16 $SPCX , generated by the tax from $RKST token, to 282,047 solana:2u1tszSeqZ3qBWF3uNGPFc8TzMk2tdiwknnRMWGWjGWH , where 80% of this will be used for the first investment ticket in the reusable rocket All assets will sit in this address until they're transferred: 0xC0fc15882356CeEaff3E7b3a82c84a6aA047d72C We're buying a piece of a rocket!

我的 solana:2u1tszSeqZ3qBWF3uNGPFc8TzMk2tdiwknnRMWGWjGWH 又有用武之地了，6.8% APY 信手拈来！ 入口：OKX Wallet 首页 https://t.co/x2PDc3spA1

NEW: HINC, @Securitize’s tokenized high-yield credit fund, is now accepted as collateral on Solana’s @Loopscale, enabling eligible investors to borrow solana:2u1tszSeqZ3qBWF3uNGPFc8TzMk2tdiwknnRMWGWjGWH against their holdings. https://t.co/US4bZ4ayTS

PT-USDG 现已成为 @aave V3 支持的抵押资产，打通 @pendle_fi 固定收益市场与 X Layer 借贷生态。 solana:2u1tszSeqZ3qBWF3uNGPFc8TzMk2tdiwknnRMWGWjGWH 迎来了新的 DeFi 应用场景，限时 APY 可达 6.8%，立即探索⬇️

Robinhood Chain表面看是给美股代币化修公路，实际上被一群链上老鬼玩成了新赌场 ▶️买的不是美股，是筹码 没人会在链上长期持有美股承担合约风险。盘狗们只是把 $NVDA 、 $TSLA 当成硬通货 像Pons这种发射台直接用 $NVDA 做结算资产，连NFT也是用来存美股的组合金库。美股在链上沦为了Meme的做市工具和加杠杆抵押物 ▶️近5亿TVL的利差游戏 Morpho锁仓近5亿美元看似繁荣，其实跟美股生态没关系。大部分是巨鲸和机构借着Robinhood背书，存 solana:2u1tszSeqZ3qBWF3uNGPFc8TzMk2tdiwknnRMWGWjGWH 吃Steakhouse金库7%左右的无风险利息。美股代币借贷本身还处在试验阶段 ▶️暗度陈仓的AI扣款协议 除了GMGN、FOMO争夺订单流，官方暗中布局的Agentic Credit Card和 Banking MCP才是杀招。散户不会高频买卖碎股，但未来AI Agent需要全天候跨国界调配美股与加密资产，这是在给机器交易铺路 ✍️后续走向预判 归零潮与信誉危机 随着热钱退潮，依靠 $NVDA 或 $AAPL 概念发行的土狗项目会批量归零，Pons的高费率无法维持 监管清算 拿Meme交易税去自动购买 $AAPL、 $MSFT 等股票代币分红，极易触碰SEC未注册证券指数监管红线，官方很快会下场限制 真实拐点 美股代币化能否走通，取决于AI自动化套利能否跑通。一旦AI代理真正接入，资金才能实现真正的留存 DYOR @RobinhoodApp $HOOD

OKX会所大酬宾， @star_okx 星星正在欢迎光临。 你就这么理解： pendle这套体系就是把本金、收益、期限、杠杆 可以被分开定价和交易。 PT：本金凭证，价格是到期前的折现本金。 YT：收益敞口，价值主要来自未来收益预期。 我们经常说的会所冲1000变1200就是这个道理。 冲1000变成=900的现金+300洗脚劵（到期使用）。 如果你充钱后，洗脚劵到期了，相当于你现金还是1000。 如何交易PT：你的基友没钱了，把他的卡给你，你按照PT价格话900买，等到到期你又1000的现金洗脚卡。 如何交易YT：一般是冲1000送200，会员日冲1000送300。 如何进行循环贷：由于会所安全开的事件长，好基友把卡给你后，拿到钱继续充卡，相当于又能充卡继续拿洗jio的现金。 是否存在风险: 以下前提是以PT作为循环贷的抵押品。 Pendle 里的 PT / YT 结构风险在于，PT 价格偏离、杠杆循环导致清算、激励到期后收益下滑、以及退出流动性不足。 而 solana:2u1tszSeqZ3qBWF3uNGPFc8TzMk2tdiwknnRMWGWjGWH 资产是OKX主站背书，Paxos Digital Singapore Pte. Ltd. 发行，目标是维持 1:1 美元锚定，且历史价格相对稳定。 如何监控风险： LTV/清算线、PT 的市场折价速度做一个监控。 双押总结： PT 就要看本金，YT 就要看收益。 抵押侧就要看 PT，收益侧就要看 YT。 低脱毛风险有usdg，高频率是我看mercy。 @Haiteng_okx 想不出什么赞美之词，只能说好诗，好诗歌。 @Mercy_okx

正在为 ethereum:0x07f5b6823751c2e2cd4560f28af75ff887102241 而郁闷， ethereum:0x1f9840a85d5af5bf1d1762f925bdaddc4201f984 适时的给了安慰。 现在的加密有一种春秋战国，百家争鸣的感觉。 最早是 solana:So11111111111111111111111111111111111111112 抢了 ethereum:native 的生意，交易啊特别是 Meme 都在 solana:So11111111111111111111111111111111111111112 上玩， ethereum:native 死气沉沉； 好不容易出来个 Base，热闹一阵，但是总感觉走偏了， ethereum:0x44ff8620b8ca30902395a7bd3f2407e1a091bf73 的 Agent 是火了一阵，但落地毕竟还早，还有各种社交币啥的，一句话，反正大家都是骗钱，还是 Meme 来的更真诚更直球一点； 然后 solana:So11111111111111111111111111111111111111112 迎来了真正的对手 hyperliquid:native , 高性能交易链，直接掏了 solana:So11111111111111111111111111111111111111112 的家，Meme 的周期性回落 + hyperliquid:native 展现出来的潜力，真正导致了 solana:So11111111111111111111111111111111111111112 生态猛跌； 然后这一轮周期目前为止最大的变局出现了，Robinhood Chain。这条链的上线导致了几件事： 1. Meme 热情又点燃了，大家对 Meme 的接受度明显高了，也承认 Meme 是加密的特色之一了。于是很自然的把 solana:pumpCmXqMfrsAkQ5r49WcJnRayYRqmXz6ae8H7H9Dfn 搞活了，顺带着也带起了 solana:So11111111111111111111111111111111111111112 ，Solana 基金会也乘着东风一阵搞事，各种削排放，加销毁的提案，外加马上要上线的大升级，预期拉满。 2. 又实证了 EVM 的价值，于是带起了 ethereum:native 以及一票 Defi 协议，包括 ethereum:0x1f9840a85d5af5bf1d1762f925bdaddc4201f984 、 ethereum:0x58d97b57bb95320f9a05dc918aef65434969c2b2 等。但这侧面又压了 solana:So11111111111111111111111111111111111111112 ，所以一件事，对 solana:So11111111111111111111111111111111111111112 可谓正反两面都有影响。 3. RH 上几乎所有的 Lauchpad 底层都用了 ethereum:0x1f9840a85d5af5bf1d1762f925bdaddc4201f984 ，同时 ethereum:0x1f9840a85d5af5bf1d1762f925bdaddc4201f984 适时的把 V4、RH 的费用开关全开了，本来声势正旺。结果自己忍不住下场搞了个 https://t.co/XyHTnRJ3yc，上就上了，3天就被 ethereum:0x07f5b6823751c2e2cd4560f28af75ff887102241 比下去了，灰头土脸，直接 $4.5 跌的 $3.2。这几天市场缓过劲了，又涨回去了。 ethereum:0x07f5b6823751c2e2cd4560f28af75ff887102241 反而经过老师傅的考验，直接封神。这一对关系也真是互相竞争又互相成就。 4. Base 的高管们刚反省完自己的失败，就出来一个优等生 一下秒了 Base，甚至显得 $COIN 都 Low 了，原本 ethereum:0x58d97b57bb95320f9a05dc918aef65434969c2b2 最大的背书就是 Base 和 Coinbase，不过好玩的是 RH 采用的也是 ethereum:0x58d97b57bb95320f9a05dc918aef65434969c2b2 ，不仅对冲了，甚至进一步夯实了。 5. ethereum:0x232ce3bd40fcd6f80f3d55a522d03f25df784ee2 是 RH 的背书，强在监管背景，一下子大家觉得有好戏看了。结果 hyperliquid:native 原来最大的短板——监管，居然在白宫开了场会，反而变成优势了。然后你看到了搞笑的一幕，自己也有永续的 Coinbase，居然在钱包里直接接入了本来应该是对头的 hyperliquid:native 。所以敌人的敌人是朋友？有意思。 6. 当然了，从 USDC 也能看出点端倪。 hyperliquid:native 放弃了自己的稳定币，和 Coinbase、Circle 签协议用 USDC，说明这三家也确实早就暗通曲款了。当然了 Robinhood 是万万不可能用对家的 USDC 的，所以用了 solana:2u1tszSeqZ3qBWF3uNGPFc8TzMk2tdiwknnRMWGWjGWH 。 再说说 $牛来，这对母子真的是老天爷追着喂饭吃啊，不得不服。为了了却心愿，把一部又菜又萌的恰到好处的作品托关系弄上了龙标，却又正正好踩到了国人的G点上，却又正正好撞上了币圈的熊转牛，还正正好叫这个名字，甚至孙割搞那么大一个新闻，里面的“妈妈”还能呼应上，真绝了。 币安如果够聪明的话，基本一定会上 $牛来 的，因为之前币安搞的所有的 Meme 都是硬凹出来的，什么币安人生，什么 giggle，都乱七八糟的，一点真正的 Meme 的内涵、气质都没有。$牛来 从 Meme 的角度，浑然天成，完美无缺。而且是第一个被 fomo 老外深度参与的中文标，拉起来也都知道是币安的功劳。我想不出币安不上它的理由。 所以各位，熊转牛才1个多月，就那么多恩怨情仇，你又怎能说加密这个圈子不精彩呢？

Unipcs(@theunipcs) is now up $2.48M on ethereum:0x07f5b6823751c2e2cd4560f28af75ff887102241 — a 37x return! He spent 67,304 solana:2u1tszSeqZ3qBWF3uNGPFc8TzMk2tdiwknnRMWGWjGWH to buy 10.96M ethereum:0x07f5b6823751c2e2cd4560f28af75ff887102241 and hasn't sold any — now worth $2.55M! https://t.co/rJDMxuSRW5

到头来发现，还是稳稳的幸福最幸福 回来吧孩子们，继续积累原始资本 剩下的几百万别去赌了，换成 solana:2u1tszSeqZ3qBWF3uNGPFc8TzMk2tdiwknnRMWGWjGWH 分个号，很快就能东山再起了 别嫌慢，你就是太快了

the 7% yield robinhood is advertising on its chain is not new onchain magic, it is retail deposits quietly funding professional traders' leverage. here is the actual mechanics to it . you deposit solana:2u1tszSeqZ3qBWF3uNGPFc8TzMk2tdiwknnRMWGWjGWH into robinhood earn. that flows into a @Morpho vault run by steakhouse financial. market makers borrow that usdg to fund spot and perps trading, posting collateral from spark, @ethena and maple. their borrow interest is your yield. if their borrowing demand falls, so does the 7%. you are the lender to a trading desk, not an investor in anything productive. now layer on the rest of the stack, robinhood is covering every network fee for the first 90 days. lighter dropped around $11 million in token incentives for perps plus a 2x points bonus for trades through the wallet. ethena parked roughly $50 million to seed the lending vault. almost every impressive number on this chain has a subsidy sitting underneath it. that is not a scandal, it is the robinhood playbook. zero commission brokerage was built the same way, give it away to acquire the customer, monetize later. but it means the launch metrics are bought, not proven. so for now guys the real number to watch is not tvl today it is what stays when the free gas ends and the incentives step down. what do you think holds?

the 7% yield robinhood is advertising on its chain is not new onchain magic, it is retail deposits quietly funding professional traders' leverage. here is the actual mechanics to it . you deposit solana:2u1tszSeqZ3qBWF3uNGPFc8TzMk2tdiwknnRMWGWjGWH into robinhood earn. that flows into a @Morpho vault run by steakhouse financial. market makers borrow that usdg to fund spot and perps trading, posting collateral from spark, @ethena and maple. their borrow interest is your yield. if their borrowing demand falls, so does the 7%. you are the lender to a trading desk, not an investor in anything productive. now layer on the rest of the stack, robinhood is covering every network fee for the first 90 days. lighter dropped around $11 million in token incentives for perps plus a 2x points bonus for trades through the wallet. ethena parked roughly $50 million to seed the lending vault. almost every impressive number on this chain has a subsidy sitting underneath it. that is not a scandal, it is the robinhood playbook. zero commission brokerage was built the same way, give it away to acquire the customer, monetize later. but it means the launch metrics are bought, not proven. so for now guys the real number to watch is not tvl today it is what stays when the free gas ends and the incentives step down. what do you think holds?

NEW EPISODE - The Rise of @RobinhoodCrypto Chain @RobinhoodApp is bringing tokenized stocks, perps, and onchain yield to its 27M users. Robinhood Crypto SVP & GM @JohannKerbrat joins @TrustlessState to talk about: - Tokenized stocks - solana:2u1tszSeqZ3qBWF3uNGPFc8TzMk2tdiwknnRMWGWjGWH yield through @Morpho - @Lighter_xyz perps integration - Why Robinhood chose @arbitrum - Onchain UX for everyone - And more --- TIMESTAMPS 0:00 Intro 1:45 Robinhood Chain Goes Live 2:45 Robinhood’s 15-Product Crypto Push 5:47 Tokenized Stocks on Robinhood Chain 11:32 USDG Yield and Robinhood Earn 16:19 Perps Across Robinhood, Bitstamp, and Lighter 19:44 The Lighter Partnership 23:12 Will Robinhood and DeFi Converge? 27:15 Why Robinhood Chose Arbitrum 28:40 Building Crypto for Non-Crypto Users 31:36 How to Get Started on Robinhood Chain

I was only able to correctly identify and label out about 27 stablecoins here and I was able to categorize them into 5 groups to understand it perfectly @solana has 32 stablecoins in all and roughly half now pay you to hold them here’s what every one actually is and how you’d earn on it (my 27 ) >the fiat base has no native yield, so you deploy it: ethereum:0xa0b86991c6218b36c1d19d4a2e9eb0ce3606eb48 @circle , solana:Es9vMFrzaCERmJfrF4H2FYD4KCoNkY11McCe8BenwNYB @Tether, solana:2b1kV6DkPAnxd5ixfnxCpjxmKwqjjaYmCZfHsFu24GXo @PayPal, ethereum:0xc5f0f7b66764f6ec8c8dff7ba683102295e16409 (first digital), solana:USD1ttGY1N17NEEHLmELoaybftRBUSErhqYiQzvEmuB @worldlibertyfi . you earn by lending on @kamino , save or drift, auto-routing through lulo, or LPing stable pairs. solana:HzwqbKZw8HxMN6bF2yFZNrht3c2iXXzpKcFu7uBEDKtr @circle is the euro version, and solana:AhhdRu5YZdjVkKR3wbnUDaymVQL2ucjMQ63sZ3LFHsch and $vgbp (vnx) are swiss franc and pound, all FX ( they are mostly bets more than yield plays). >regulated and revenue-sharing: solana:2u1tszSeqZ3qBWF3uNGPFc8TzMk2tdiwknnRMWGWjGWH @Paxos shares reserve income with partners like kraken and robinhood, and ethereum:0x00000000efe302beaa2b3e6e1b18d08d69a9012a @withAUSD is vaneck-backed and shares revenue with integrators. lend or LP either one. >synthetic and delta-neutral, where the yield comes from funding and basis: ethereum:0x4c9edd5852cd905f086c759e8383e09bff1e68b3 and $sUSDe @ethena , stake usde into susde to earn. solana:6FrrzDk5mQARGc1TDYoyVnSyRdds1t4PbtohCD6p3tgG and $eusx @solsticefi , deposit usx into the yieldvault to get the yield-bearing eusx. $USDu @UnitasLabs is a newer multichain yield dollar, staked version $susdu. >t-bill and rwa backed, where the yield is the whole point so you just hold: solana:A1KLoBrKBde8Ty9qtNQUtq3C2ortoC3u7twggz7sEto6 @OndoFinance is a tokenized treasury note that accrues rather than sitting at a hard $1, $sUSD @solayer_labs pays t-bill rates plus restaking with no lockup, $syrupUSDC @maplefinance earns off institutional loans so you carry borrower credit risk, $ONyc @onrefinance is tokenized reinsurance yield targeting a base yield above 16% but redemption runs on a quarterly window and is gated to qualified investors, solana:3b8X44fLF9ooXaUm3hhSgjpmVs6rZZ3pPoGnGahc3Uu7 @HastraFi + @Figure is backed by US consumer credit with aaa-rated tranches, and isc is a small “inflation-resistant” basket play you should treat as speculative for now though. >lst-backed and decentralized: hyusd and shyusd @hylo_so are backed by sol liquid staking tokens, stake $hyUSD into the stability pool for double-digit yield but you wear LST-depeg risk. $usd @perena is an appreciating LP token of the usdc/usdt/pyusd stableswap, not $1-pegged, it grows off swap fees. solana:USDSwr9ApdHk5bvJKMjzff41FfuX8bSxdKcR81vTwcA @SkyEcosystem is dai’s successor, convert to $sUSDS for the savings rate or farm the incentivized lending yields while they last. solana:USDH1SM1ojwWUga67PGrgFWUHibbjqMvuMaDkRJTgkX here is hubble solana cdp stable, not hyperliquid’s, I couldn’t verify it’s even still live. $JupUSD @JupiterExchange is 90% blackrock-buidl backed, supply it to jupiter lend for yield or hold it as perps collateral. Which stable-coins do you guys use the most on Solana ?

a chain is not defined by how fast it is but what dapps build on it yesterday @RobinhoodApp shipped an entire L2 and most people are still calling it "robinhood added crypto stuff" kinda cool. it's an arbitrum orbit chain, ai native positioning, and it already has more live dex integrations than most L2s get in a year breakdown of what's actually live 🧵 the chain itself robinhood chain, ethereum L2 built on arbitrum's orbit stack went from testnet (feb) to public mainnet in about 5 months described as permissionless, ai native, purpose built for real world assets oracle and cross chain infra handled by @chainlink (ccip, data streams, data feeds) from day one the actual product unlocked by the chain stock tokens. 24/7 tokenized equities, available through robinhood wallet in 120+ countries these are not shares, they're tokenized debt securities issued by robinhood assets jersey limited that give economic exposure, not legal or beneficial rights in the stock (not available to US persons). also restricted in canada, uk, switzerland, uae apps live on the chain day one @Uniswap deploying a dedicated amm as the primary public liquidity venue for the chain @Lighter_xyz perp dex, already live on its own chain, now integrated for spot access to stock tokens through robinhood chain committed 11m LIT tokens to a robinhood community rewards pool. 2x points if you trade through robinhood wallet vs lighter's own app my friends at @arcus_xyz this is the interesting one. built by the dydx team (@AntonioMJuliano moving to board, @epic_edge_ ceo) 95 stock tokens live for spot trading right now 35 rwa perp markets still in waitlist, not live yet zero fees on stock token spot trading separate from dydx chain v4, which keeps running independently, staking/governance unaffected @1inch and @rialto_xyz also listed as spot trading venues for stock tokens through robinhood wallet less public detail so far on their specific integration structure, worth digging into before i start citing specifics robinhood earn on @RobinhoodApp lending product, its not a dex. lend solana:2u1tszSeqZ3qBWF3uNGPFc8TzMk2tdiwknnRMWGWjGWH (robinhood's stablecoin) through self custody wallet estimated 7% apy underlying lending infra runs on @Morpho protocol insurance via lloyd's of london and RELM for smart contract/cyber exploit coverage infra layer (not user facing apps, but load bearing) @Alchemy , @BitGo , @chainlink gas fees subsidized by robinhood for the first 90 days on wallet transactions, swaps, bridging, stock token trades we can have the buzz of ahhh a new chain but the guys at robinhood should know and understand all these are sort of consumer dapp's at this point if you really want to kick off an on-chian mania on your chain back a team building something fun on-chain users love to use solana has one hype evm has one you should have one i might be wrong an you guys actually come to take the lion share of what solana is enjoying in tokenised equities/stocks

Robinhood Updates 1、按照基本的农民思维来讲，在 Robinhood 发布 Robinhood Chain 之后，就得卖出 $HOOD 了。 sell the new 2、除了 perpDEX 的更新（dYdX 和 Lighter）外，另外一个重要更新就是 Robinhood Earn：向符合条件的美国用户推出，用户可以通过自托管钱包借出 USDG，预估 APY 为 7%，底层借贷基础设施由 Morpho 提供，并由 Steakhouse、Ethena、Spark、Maple 等合作方支持。 我们来拆解一下：Robinhood 是前端分销； solana:2u1tszSeqZ3qBWF3uNGPFc8TzMk2tdiwknnRMWGWjGWH 是稳定币载体；Morpho 是借贷网络；Steakhouse 是策展层；Spark/Ethena/Maple 是收益与抵押资产来源。 其中，Spark 的角色更像是一个资本配置引擎的角色，与它的 Spark Liquidity Layer 相配合。通过 SLL，Spark 可以把稳定币资本放到不同收益/借贷/流动性场景里，并通过治理批准的风险参数控制风险。 结合前面 Spark 布局稳定币兑换和流动性层来看，Spark 正在从一个 DeFi 借贷协议，升级为一个支持稳定币借贷、结算、做市、跨生态流动的核心基础设施。

X 现在支持用加密货币开通 Premium 了。#蓝V 目前可用稳定币： • $USDC：Ethereum / Solana / Polygon / Base • $USDP ：Ethereum / Solana • solana:2u1tszSeqZ3qBWF3uNGPFc8TzMk2tdiwknnRMWGWjGWH ：Ethereum 对加密用户来说，这个更新很实用。 以后开通 X Premium，不一定只能依赖传统支付方式，多链钱包用户也能更方便地完成订阅。

.@Paxos-issued @global_dollar solana:2u1tszSeqZ3qBWF3uNGPFc8TzMk2tdiwknnRMWGWjGWH crossed $3B in supply earlier this week. Close to $700M of that was deployed on @Solana by @ethena. Data: @EntropyAdvisors on @Dune https://t.co/VwVGXhA59a

🐳 Whale - Buy->12.04SOL 🐳 🪙 𝘛oken : $LION 🧪 CA: 2u1tszSeqZ3qBWF3uNGPFc8TzMk2tdiwknnRMWGWjGWH 🌠 MCP : 816.7M 🛰️ 5m TXs : 194/$131.8K 🚀 Check 👉 https://t.co/2riCENMa4r 💎 - Support for grouping followed wallets! - https://t.co/cpFxCPrBJl