Onchain RWA Opportunities
Exploring tokenized gold and stocks through DeFi platforms like Hyperliquid and Jupiter.
I think some of the best onchain opportunities are currently off-chain opportunities
Tokenized stocks, tokenized gold, futures for real-world assets
These play out in a few brackets
Tokenized gold
There are two main asset options here
- a. PAXG - long-term establised, follows gold price relatively well
- b. XAUT - newer, by Tether, often trades at 50bps discount
I think gold is a REALLY good asset to get exposure to. As much as we love our digital gold - Bitcoin - in a bear market it's often acceptable to settle for the next best thing.
The cautious take is that Gold has already ran up to $5000+ and there's more downside than upside remaining.
But I subscribe to the more bullish take - a lot of accumulation has happened and continues to happen. $5000 is a healthy range for it to be in, and I see the path to $6000 and onwards as the monetary supply continues being debased.
The more they print, the more gold benefits.
Tokenized stocks
I think there's some different ways to get exposure
- a. Jupiter xStocks
- b. Hyperliquid
- c. Other perp dexes e.g. Lighter
first - Hyperliquid ($HYPE) is a good token since it benefits from these real-world-asset volumes. second - through Hyperliquid, you get perps access to a bunch of products, including gold/silver, s&p500, NVDA, GOOG, PLTR, TSLA, and more.
Jupiter xStocks are also backed 1:1 with real stocks and offer a nice way to get exposure if you don't want to play with perp futures - which is nice, since you can avoid liquidation risk. the volumes are so-so but it's still a nice way to get exposure.
Lighter has recently introduced perp futures for several very interesting stocks - including our favorites Samsung and SK Hynix. again, lower vol, riskier product. But if you're able to handle that, it's unlocks access the hottest memory cycle players atm which I have been raving a lot about.