Trading stocks on CEX apps is still way better than onchain spot for most use cases. Wish I didn't need to say this, but it's still true. CEX apps like Binance win on two fronts: 1. Asset Variety and 2. Quote Price/Execution via off-chain brokerage. 1. Asset Variety Ondo leads tokenized stocks (400+ assets, dominant TVL), but it's not enough yet. Examples: $RBRK (NYSE) and $CCXI (NASDAQ) aren't available onchain anywhere I checked. Had to use the CEX app. 2. Quote Price & Execution Ondo's tokenized prices can lag or show worse fills than Binance due to mint/redeem mechanics and liquidity, sometimes noticeably during pre-market or volatility (1% worse). No reliable limit orders on most onchain spot venues, while Binance lets you set limits pre-market for smoother entries. Still, tokenized is the direction. Cleaner experiences are coming fast. Builders have clear gaps to tackle: > better capital efficiency i.e. tokenized stocks as collateral stable vaults for LP to these markets > tighter pricing > more assets (KR, JP, etc. if regs allow). We need more assets to make onchain experience thorough. This is a real opportunity for DeFi to thrive again.

Name & Symbol: Ondo ($ONDO)
Address: 0xfaba6f8e4a5e8ab82f62fe7c39859fa577269be3

Trading tokenized stocks is the next big PMF for DeFi imo. I've tried several trading channels like onchain spot (Solana, Ethereum), spot on CEX (Binance), perps (Hyperliquid, Lighter, Variational). I can see this distributed value chart growing exponentially from here. A lot of tickers inside this tokenized stock space. I guess we already saw the major ones like $HOOD, $HYPE, $LIT rise but I think the financial layers in crypto like $ONDO, $AAVE, $PENDLE, $MORPHO are getting more interesting too. Will look more into it and continue to share thoughts on this sector.

Name & Symbol: Ondo ($ONDO)
Address: 0xfaba6f8e4a5e8ab82f62fe7c39859fa577269be3

Trading tokenized stocks is the next big PMF for DeFi imo. I've tried several trading channels like onchain spot (Solana, Ethereum), spot on CEX (Binance), perps (Hyperliquid, Lighter, Variational). I can see this distributed value chart growing exponentially from here. A lot of tickers inside this tokenized stock space. I guess we already saw the major ones like $HOOD, $HYPE, $LIT rise but I think the financial layers in crypto like $ONDO, $AAVE, $PENDLE, $MORPHO are getting more interesting too. Will look more into it and continue to share thoughts on this sector.

Name & Symbol: Morpho Token ($MORPHO)
Address: 0x58d97b57bb95320f9a05dc918aef65434969c2b2

Confidential DeFi has finally arrived with yield boost This launch by @zama is probably the coolest thing in DeFi I've seen this month. We can now earn yield on Morpho while keeping our balances private. A few things that stand out: > Privacy is NOT mixing. Zama uses confidential vault shares, meaning your total batch deposit is visible, but individual position sizes are private onchain. > 12-week Yield Boost Launch Pulse (weeks 1-2, starts June 24) has the highest per-dollar yield op top of ~4% native yield because TVL is building. Later deposits get progressively less boost. Deposit USDC directly and the app auto-shields it to cUSDC. This is version 1 of Zama's confidential vault stack. First live utility for confidential onchain finance. Worth paying attention to where this goes next.

Name & Symbol: Zama ($ZAMA)
Address: 0x6907a5986c4950bdaf2f81828ec0737ce787519f

Confidential DeFi has finally arrived with yield boost This launch by @zama is probably the coolest thing in DeFi I've seen this month. We can now earn yield on Morpho while keeping our balances private. A few things that stand out: > Privacy is NOT mixing. Zama uses confidential vault shares, meaning your total batch deposit is visible, but individual position sizes are private onchain. > 12-week Yield Boost Launch Pulse (weeks 1-2, starts June 24) has the highest per-dollar yield op top of ~4% native yield because TVL is building. Later deposits get progressively less boost. Deposit USDC directly and the app auto-shields it to cUSDC. This is version 1 of Zama's confidential vault stack. First live utility for confidential onchain finance. Worth paying attention to where this goes next.

Name & Symbol: Morpho Token ($MORPHO)
Address: 0x58d97b57bb95320f9a05dc918aef65434969c2b2

STRC x DeFi just passed its first big test. But STRC is still trading ~$94–95, well below $100 par. The BTC machine keeps running, with semi-monthly dividends on $STRC in place, yet the market continues pricing the preferred equity at a discount. Here's the roundup: 1. @Strategy acquired 1,587 BTC for $100M, bringing the reserve to 846,842 BTC. The USD reserve rose another $100M to $1.1B. This marks the second consecutive weekly buy. YTD BTC yield stands at ~13.3%. The buying continues even with STRC below par. mNAV has compressed to ~1.20x, leaving less room for accretive ATM equity issuance than earlier this year. 2. @apyx_fi shipped Apyx 2.0 alongside a full post-mortem. Key redesign elements include: (a) separate dashboard metrics for Redemption Value vs. Total Collateral Value and (b) an RFQ matching layer during stress, routing redemptions through approved counterparties instead of directly hitting the pool. The buffer survived and grew. 3. @pendle_fi June 18 markets expire in two days. PT-apyUSD-18JUN and PT-apxUSD-18JUN represent $208M TVL, roughly 50-60% of Apyx’s total. 4. @saturn_credit launched a liquidity campaign on Morpho: USDC incentives for the Saturn USDC vault (curated by @Hyperithm) and the PT-USDat/USDC market. This follows last week’s Wintermute Armitage vault and signals accelerating institutional flow. 5. The STRC model is going global. France-based Bitcoin treasury company Capital B is cloning the STRC/SATA approach to issue digital credit backed by its BTC reserves. Metaplanet (Japan) was the first international copycat; Capital B is the second. STRC DeFi is navigating its first real market test: - Apyx survived and shipped a more resilient design. - Saturn is attracting institutional capital. The model is being copied internationally. Protocols that hold up now will enjoy the widest moats when prices recover. Good spot to start monitoring.

Name & Symbol: Morpho Token ($MORPHO)
Address: 0x58d97b57bb95320f9a05dc918aef65434969c2b2

My top 5 RWA yields right now (non-Pendle/STRC edition) You might be finding a way to diversify from STRC farming like I am. So here it is. Here are the five I like most, ordered by yield. 1. PRIME by @HastraFi — 6.66% APY This is DeFi's most direct connection to consumer credit. PRIME is backed by HELOC loans originated by Figure Technologies (NASDAQ: FIGR), America's largest non-bank home equity lender. How it works: homeowners take HELOCs, Figure originates $1B+ monthly in peak periods, loans tokenized on Provenance blockchain, Hastra packages the interest into PRIME for onchain users at 6.66% APY. Zero correlation to crypto markets. You can also PT on Pendle to get fixed yield at 7.87% APR. 2. Theo thUSD by @Theo_Network — 5.40% APY Delta-neutral gold carry. Long physical gold lent to retailers as inventory financing. Short CME gold futures to make it delta neutral and earn the futures basis, so you don't care where gold trades. This held steady during March 2026 when crypto funding rates collapsed. 3. syrupUSDC by @maplefinance — 4.8% APY A decentralized credit marketplace connecting retail capital to institutional borrowers. KYC'd market makers, prop trading firms, and miners borrow USDC against BTC/ETH collateral at 9-14% APR. Lenders get roughly 4.8% after fees and first-loss cover. The RWA here isn't the collateral (BTC/ETH) but the borrowers. These are real businesses doing arbitrage, market making, and mining operations. $12B+ originated with 99% repayment rate. $109.9M in interest paid to LPs. 4. SIERRA by @SierraIsMoney — 4.07% APR A liquid yield token holding a rebalancing basket of investment-grade RWAs and blue-chip DeFi. Roughly half is RWAs: US Treasury MMFs (Fidelity), investment-grade commercial paper (Volkswagen, BP, ING), and AAA-rated CLOs (PGIM PAAA ETF). The rest goes into Morpho. The RWA portion is not tokenized wrappers. Assets held directly at BNY Mellon and Wilmington Trust via bankruptcy-remote accounts. Weekly vault reports from an FCA-regulated manager. You can also PT SIERRA on Pendle for 10.31% fixed APY. 5. sUSDS (Sky) by @grovedotfinance — 3.65% APY Grove is the infrastructure layer for RWA liquidity. It routes $2.57B across BlackRock BUIDL (Treasuries), Janus Henderson AAA CLOs (corporate credit), and DeFi lending markets. Grove Savings parks you in the Sky rate (about 3.75% on sUSDS) plus points right now. The part I care about is Grove Basin: up to $1B a day in instant liquidity for tokenized treasuries. Grove Basin solves the settlement gap. Tokenized RWA funds settle T+1/T+2. Basin provides instant stablecoin liquidity so you exit immediately while the backend settles. Up to $1B committed daily capacity. Zero-profit pass-through model. None of these are circular DeFi loops. Every yield traces to something real. A house, gold bars, a corporate balance sheet, a government bond. The RWA category is now at its best. NFA. DYOR.

Name & Symbol: Allo ($RWA)
Address: 0x9c8b5ca345247396bdfac0395638ca9045c6586e

My top 5 RWA yields right now (non-Pendle/STRC edition) You might be finding a way to diversify from STRC farming like I am. So here it is. Here are the five I like most, ordered by yield. 1. PRIME by @HastraFi — 6.66% APY This is DeFi's most direct connection to consumer credit. PRIME is backed by HELOC loans originated by Figure Technologies (NASDAQ: FIGR), America's largest non-bank home equity lender. How it works: homeowners take HELOCs, Figure originates $1B+ monthly in peak periods, loans tokenized on Provenance blockchain, Hastra packages the interest into PRIME for onchain users at 6.66% APY. Zero correlation to crypto markets. You can also PT on Pendle to get fixed yield at 7.87% APR. 2. Theo thUSD by @Theo_Network — 5.40% APY Delta-neutral gold carry. Long physical gold lent to retailers as inventory financing. Short CME gold futures to make it delta neutral and earn the futures basis, so you don't care where gold trades. This held steady during March 2026 when crypto funding rates collapsed. 3. syrupUSDC by @maplefinance — 4.8% APY A decentralized credit marketplace connecting retail capital to institutional borrowers. KYC'd market makers, prop trading firms, and miners borrow USDC against BTC/ETH collateral at 9-14% APR. Lenders get roughly 4.8% after fees and first-loss cover. The RWA here isn't the collateral (BTC/ETH) but the borrowers. These are real businesses doing arbitrage, market making, and mining operations. $12B+ originated with 99% repayment rate. $109.9M in interest paid to LPs. 4. SIERRA by @SierraIsMoney — 4.07% APR A liquid yield token holding a rebalancing basket of investment-grade RWAs and blue-chip DeFi. Roughly half is RWAs: US Treasury MMFs (Fidelity), investment-grade commercial paper (Volkswagen, BP, ING), and AAA-rated CLOs (PGIM PAAA ETF). The rest goes into Morpho. The RWA portion is not tokenized wrappers. Assets held directly at BNY Mellon and Wilmington Trust via bankruptcy-remote accounts. Weekly vault reports from an FCA-regulated manager. You can also PT SIERRA on Pendle for 10.31% fixed APY. 5. sUSDS (Sky) by @grovedotfinance — 3.65% APY Grove is the infrastructure layer for RWA liquidity. It routes $2.57B across BlackRock BUIDL (Treasuries), Janus Henderson AAA CLOs (corporate credit), and DeFi lending markets. Grove Savings parks you in the Sky rate (about 3.75% on sUSDS) plus points right now. The part I care about is Grove Basin: up to $1B a day in instant liquidity for tokenized treasuries. Grove Basin solves the settlement gap. Tokenized RWA funds settle T+1/T+2. Basin provides instant stablecoin liquidity so you exit immediately while the backend settles. Up to $1B committed daily capacity. Zero-profit pass-through model. None of these are circular DeFi loops. Every yield traces to something real. A house, gold bars, a corporate balance sheet, a government bond. The RWA category is now at its best. NFA. DYOR.

Name & Symbol: Morpho Token ($MORPHO)
Address: 0x58d97b57bb95320f9a05dc918aef65434969c2b2

Market dip + New maturity live = Time to sell puts again! This month, I use @ryskfinance since they've improved quotes and it's still a simple way to earn ~25% APR upfront on stables. Using part of my BTC DCA allocation (in stables) to sell cash-secured puts at 72k strike: - If BTC stays above 72k at expiry → Keep your stables + earn the full ~25% premium. - If BTC drops below 72k → You still keep the ~25% premium and get assigned BTC at your 72k entry price. I still believe BTC has upside this year, so getting paid to potentially buy lower doesn’t hurt. NFA. DYOR.

Name & Symbol: aPriori ($APR)
Address: 0x299ad4299da5b2b93fba4c96967b040c7f611099

STRC DeFi keeps growing despite market turbulence. It's pulling in serious size too: $ 10M+ from a single user deployed into STRC DeFi this week. Here's the weekly roundup of interesting actions from protocols and users inside STRC: 1. @Strategy repurchased $1.5B of 2029 Convertible Notes (~$1.38B cash, or 92¢ on the dollar). This halves the 2029 maturity wall from ~$3B to $ 1.5B. Strong balance-sheet optimization that gives them more runway to keep stacking Bitcoin and scaling STRC dividends. 2. @apyx_fi A Bitcoin power user deployed ~$17M worth of WBTC into Apyx. They borrowed stablecoins against the WBTC collateral and used the proceeds to mint PT-apyUSD + YT-apyUSD for yields and Apyx Points. 3. Apyx aggressively bought another 1,000,000+ shares of STRC this week. Their total holdings now sit at ~$280M, helping push protocol TVL toward the $450M range. 4. @pendle_fi’s Apyx markets now offer deep liquidity, easily absorbing 7-figure swaps. A whale recently deployed $ 2M+ to accumulate 2,034,423 PT-apyUSD at 18.94% fixed APY, highlighting strong demand for STRC-backed fixed yield. 5. @saturn_credit continues to grow. PT-USDat is now live as collateral on @Morpho and loopable against AUSD (via Flowdesk-curated vaults). 6. Saturn acquired another $20M in STRC over the past two weeks. Total holdings now ~$70M, with protocol TVL reaching $ 172M. 7. @xStocksFi launched STRCx (tokenized STRC) and integrated it with Pendle. This enables fixed-yield trading, yield speculation, and xPoints accrual. 8. @roycoprotocol’s senior tranche of apyUSD (srRoyAPYUSD) is now live on Pendle. It offers capital-protected fixed yield as a lower-risk alternative for Apyx users. STRC yields aren't cooling off. Expect more 7-8 figure transactions flowing into STRC-backed protocols in the upcoming weeks.

Name & Symbol: Morpho Token ($MORPHO)
Address: 0x58d97b57bb95320f9a05dc918aef65434969c2b2

Summary on APYX farming: - Another 4% of APYX total supply for S2! (9% combined with S1) - Pips roll seamlessly into S2 (no gap) - Up to 20% boost for S1 "sticky" capital - Committed apxUSD, LP, Pendle, Morpho, and Curve positions carry over seamlessly. - New Pendle markets before May 22 (More good yields!) - Pips S2 Multipliers TBA - At TGE: APYX (gov), xAPYX (compound APYX yield), yAPYX (apxUSD dividends). 50% of monthly reserve growth flows to stakers only. Read more details in the article.

Name & Symbol: Morpho Token ($MORPHO)
Address: 0x58d97b57bb95320f9a05dc918aef65434969c2b2