Wall Street stocks have barely made it on-chain, and DeFi is already pulling an all-nighter to remix them—someone’s actually come up with a way to borrow without paying interest.
Spout, backed by Ondo, has launched a new strategy: use Ondo ($ONDO ) stock tokens as collateral to borrow USDC on Solana ($SOL ), with zero interest throughout. The catch? If the underlying rises above the strike price and the call option is exercised, the upside beyond that goes to the other party. Liquidation is still on the table, and a downturn can hurt just as much as ever.
Put simply, you’re paying rent with your upside. Broker margin loans charge interest; here, you’re simply selling off the upper half of your return profile. It’s essentially the covered-call strategy the wealthy have used for decades—just offered to retail investors for the first time.
The backdrop is that stocks really are moving on-chain at scale: NYSE is working on tokenized stocks on Avalanche ($AVAX ), with 24/7 trading and settlement and stablecoin delivery instead of T+1. It took a full year just to complete due diligence. ICE and OKX’s tokenized U.S. stock venue launches on November 23, with over 70 stocks, 1:1 backing, and self-custody.
Bringing old money on-chain isn’t the end goal—it’s a parts library. Move centuries of Wall Street financial instruments into a permissionless environment and reassemble them, and both the pace of innovation and the pace of spectacular failures will double. On a weekend with BTC languishing below 70,000, watching the innovations unfold is one way to manage your position.
NFA DYOR
#RWA #DeFi #Ondo #代币化股票 #加密货币
Spout, backed by Ondo, has launched a new strategy: use Ondo ($ONDO ) stock tokens as collateral to borrow USDC on Solana ($SOL ), with zero interest throughout. The catch? If the underlying rises above the strike price and the call option is exercised, the upside beyond that goes to the other party. Liquidation is still on the table, and a downturn can hurt just as much as ever.
Put simply, you’re paying rent with your upside. Broker margin loans charge interest; here, you’re simply selling off the upper half of your return profile. It’s essentially the covered-call strategy the wealthy have used for decades—just offered to retail investors for the first time.
The backdrop is that stocks really are moving on-chain at scale: NYSE is working on tokenized stocks on Avalanche ($AVAX ), with 24/7 trading and settlement and stablecoin delivery instead of T+1. It took a full year just to complete due diligence. ICE and OKX’s tokenized U.S. stock venue launches on November 23, with over 70 stocks, 1:1 backing, and self-custody.
Bringing old money on-chain isn’t the end goal—it’s a parts library. Move centuries of Wall Street financial instruments into a permissionless environment and reassemble them, and both the pace of innovation and the pace of spectacular failures will double. On a weekend with BTC languishing below 70,000, watching the innovations unfold is one way to manage your position.
NFA DYOR
#RWA #DeFi #Ondo #代币化股票 #加密货币