i want to compare @Polymarket and @xo_market
(for the same match, at the same time, and with the same amount.)
-if you put $10 on polymarket (i chose under 1.5 goals for aek athens and over 2.5 goals for real madrid), -> your payout would be $15.14.
-but the same bet on xo market would pay you $16.26. that’s $1.12 more than polymarket.
>also, that’s not the only things .
-polymarket charges you some fee ( in this case , it will charge you almost 1-2% ) , while xo market takes nothing from you.
-that’s impressive. i’m just confused why everyone doesn’t notice this.
if you’re still using polymarket, consider giving xo market a try.
here’s the link to register:
beta.xo.market/?r=jupiterbaz
Final note : if you wondering which part of xo has this feature, here is story , where you can combine up to 10 bets into one .
@AliHabbabeh
>what do we know about utexo’s exact mainnet launch date?
-before getting into the details, there are a few things we need to understand to get a better picture of what utexo actually does and what its mainnet launch means.
-first of all, utexo is not a new blockchain.
-it’s a bitcoin-native execution and settlement layer that uses the rgb protocol to enable the issuance and transfer of assets on bitcoin.
-in this model, transaction details remain private between the sender and receiver, while cryptographic commitments are recorded on bitcoin.
-this allows utexo to benefit from bitcoin’s security and transaction finality.
-so, what exactly does utexo’s mainnet mean, and what’s going to happen?
-let’s go through the launch process step by step.
1. funding and infrastructure development
in march 2026, utexo successfully raised a $7.5 million seed round led by tether, with participation from big brain holdings and portal ventures.
the project’s infrastructure is built on rgb, a protocol whose version 0.11.1 has been live on bitcoin mainnet since july 2025.
2. early access for operators
as we already know, on october 22, 2026, utexo opened early access to utexo mint for professional operators.
exchanges, wallets, market makers, otc desks, and trading firms can register during this phase and explore different capabilities in the bitcoin signet testing environment.
in fact, this is a good opportunity for utexo to demonstrate its capabilities to companies and professional operators before the public launch and put its infrastructure to the test in a controlled environment.
these tests include minting, confidential transfers, and asset redemption.
in addition, operators will have access to tools for managing cross-chain liquidity and converting fiat currencies into digital dollars.
3. phase one: public launch
now, let’s talk about the most important date in this roadmap.
according to utexo’s website, the public launch is scheduled for november 28, 2026.
-at this stage, utexo will begin the public issuance of usdt on bitcoin, making the asset available through partner wallets and exchanges.
-the project also plans to provide the liquidity needed by swap providers and lending platforms that accept btc as collateral.
-one important detail is the backing mechanism. the usdt issued on bitcoin will be backed 1:1 by usdt0 locked on arbitrum.
-so, phase one is not just about issuing a new token. the main goal is to build the infrastructure needed to transfer and use usdt across the bitcoin ecosystem.
4. phase two: expansion to the lightning network
however, utexo’s plans don’t end with the public launch on bitcoin.
-according to its announced roadmap, utexo plans to expand the issued asset to the lightning network in q1 2027.
-this phase will enable near-instant payments and extend usdt’s use cases within the bitcoin ecosystem beyond regular transfers.
-however, it’s worth noting that rgb on lightning is still in the testing phase and is not currently live on mainnet.
-as a result, bringing this functionality to mainnet will be another important milestone for utexo.
these are some of the key points i think are worth understanding before utexo’s mainnet launch.
tokenizing stocks is moving very fast.
-as you can see in the pic below, its market cap has moved up 18.1% in the past 30 days (which means it’s at 4.7b now).
-we have 5.7m holders rn, 36 issuers, and almost 13.6k stocks have been tokenized so far, which is a huge one.
-and let’s take a look at the sec pic. @xStocksFi has 41% of the total tvl in defi among other issuers. second place goes to @RobinhoodApp and then binance bstock. others just have a small share of this one.
>i think there are a few reasons for xstocks being the top one.
-first, they brought a lot of defi opportunities, like lending, looping, trading, adding liquidity, and many other things.
-second, they provided massive campaigns during the period since they launched, like @nadoHQ or this current points campaign where you get points from lending, looping, or adding liquidity.
-so let’s take a look at the third one.
-as you can see, half of the top 10 stocks belong to xstocks, which are STRCx (with 51.4m), SPYx (15m), SPCx (6.8m), NVDAx (6.8m), and then QQQx (6.3m).
-if you’re wondering why “others” is so huge, that’s because there are a lot of stocks that have a low tvl, and i hope they go to defi in the future.
41% of all tokenized-stock deposits in DeFi are now xStocks-issued.
Active across lending, borrowing, yield, liquidity provision and rate markets on @Kamino, @Pendle_fi, @Raydium and @Uniswap.
More xStocks utility across DeFi is coming.
>this article highlights several important points about risk management in the insurance industry.
insurance companies face different types of risks, and understanding them correctly and finding logical ways to manage them is extremely important.
-so, let’s go through the 10 key takeaways:
1. the end of the atlantic hurricane season doesn’t mean the end of risk.
as we enter november, the atlantic hurricane season is coming to an end.
-however, the possibility of severe storms still remains.
for example, Hurricane Sandy in 2012 showed us that storms outside the usual season can still cause significant damage.
2. major hurricanes in november are rare.
The last category 2 hurricane to make landfall in florida in november was hurricane Kate in 1985.
-However, warm sea temperatures in the Gulf of Mexico helped it reach Category 3 intensity.
3. Insurance risks are not limited to hurricanes.
Underwriters also need to consider other risks, such as wildfires and earthquakes.
-For example, unlike many natural disasters, earthquakes don’t follow a specific seasonal pattern and can happen at any time of the year.
4. As the Atlantic hurricane season ends, the European winter storm season begins.
-European winter storms generally cause lower financial losses, but historical examples such as Daria in 1990 and Lothar and Martin in 1999 show that they can still cause significant damage.
5. Climate change can increase the risk of winter storms in the US.
For example, the Polar Vortex can expose different parts of the US to extreme cold weather and winter storms.
-What’s interesting is that the same phenomenon that may limit Atlantic hurricane activity could also increase the risk of winter storms.
6. Insurance losses don’t depend only on the severity of an event.
-There are other factors that need to be considered when estimating potential losses. The article highlights three important ones:
-Climate Change: For example, rising ocean levels and global warming can increase the intensity and potential damage caused by hurricanes or even wildfires.
>Expanding Exposure:
Imagine an area with 100 residential units and different facilities.
Naturally, the potential losses in such an area could be higher than in an area with fewer homes and infrastructure.
>Claims Inflation:
This refers to the rising costs of rebuilding and covering losses, from construction materials and labor costs to the time required to complete reconstruction.
These costs can vary depending on the city and its economic conditions.
7. Risk is not distributed equally throughout the year for every peril.
-OnRe estimates expected losses for each deal based on the types of events and geographical regions covered.
For example:Earthquakes and man-made perils have a relatively uniform distribution throughout the year.
Hurricanes and some other natural disasters follow specific seasonal patterns.
This difference is important when modeling and assessing the risk of each deal.
8. Not all hurricanes carry the same level of importance for insurance deals.
This is one of the important points in the article.
Some OnRe deals would only experience losses if a very powerful hurricane occurred.
Therefore, looking at all hurricanes isn’t enough. We also need to examine the seasonal patterns of major hurricanes (Category 3 and above) separately.
According to historical data going back to 1925, the seasonal pattern of major hurricanes is different from that of all hurricanes combined.
This means OnRe needs to assess the risk of each deal based on its specific coverage and exposure to different events.
9. Revenue from deals isn’t recognized linearly from day one.
-This is one of the most important parts of the article when it comes to understanding OnRe’s financial model.
-Premium is earned throughout the term of a deal:
Only a small portion is earned on the first day.The rate of earning accelerates as the deal moves through periods of higher loss seasonality.
Finally, the process is completed when the insurance liability ends and capital is released from the Deal Trust Account.
Aggregate and Subsequent-Event deals also have different and delayed earning patterns because they require multiple events to trigger a loss.
10. Diversifying deals helps create a more balanced portfolio earnings profile.
Each deal has different inception dates, coverage, structures, and risk characteristics. As a result, their earnings patterns are not the same.
When we look at these deals at the portfolio level, differences in their start dates, end dates, and earnings patterns can help create a more balanced revenue profile for OnRe.
so let’s calculate how much we’re gonna pay in spread if we want to swap 10k usdc to NVDAx and vice versa on @JupiterExchange.
-as you can see in the pic, it costs you ~$22 if you buy it and sell it immediately to get your usdc back.
-so let’s try @Raydium.
>why do we choose raydium? cuz it has the highest liquidity in the NVDAx-USDC pool ($2.91m).
with 10k usdc, you get 48.38 NVDAx tokens, a few less than what jupiter gives you.
-and after selling them, you get 9962 usdc.
-so you lose $38 after the swap.
therefore, in this case, jupiter is cheaper than raydium.
The same xStocks, now with 63% tighter spreads.
NVDAx, SPYx, TSLAx and QQQx spreads on a $10,000 buy and sell round trip have fallen 63% on @JupiterExchange since April.
4x tighter spreads versus other platforms.
-another story day for me.
-i’ve picked 2 games for today.
sassuolo will face fiorentina, and atalanta will face parma.
-i’ve picked at least 1 goal for sassuolo because they’ve scored at least one goal in their last home games, and their average is 1.32 goals per game. also, fiorentina have conceded in every match this season.
>on the other side, i’ve picked at least 1 goal for atalanta against parma. there are a few reasons why i think so:
-atalanta have scored at least one goal in every home game, with an average of 2.2 goals per home game.
-they’re also higher than parma in the table.
-parma haven’t been good defensively.
therefore, i think we could see at least one goal from atalanta.
aum is moving up every single day.
-a few ppl were fudding onre and saying that the points are getting diluted every day and it’s not worth farming. now, after aum has reached $300m, do we still think it’s not a big deal and that the points keep getting diluted?
-guyz! we all know how hard it is to bring the reinsurance industry into defi.
other platforms have tried this before but couldn’t succeed.
-we’re talking about turning a traditional business with complex risks, long-term liabilities, and unpredictable claims into a transparent and reliable blockchain-based structure.
Also, it needs to maintain healthy profit margins while ensuring it has enough capital to meet its obligations and avoid going bankrupt.
that’s definitely not an easy one.
look! aum is now $307m, and it could move higher in the next couple of days. as you can see, it’s up $10m in 10 days, which is a big amount. only a few rwa projects have managed to reach this level. remember that.
i think we gotta give the team more time to build more exciting things and let them make everything come together. so let’s be realistic and stay positive about it.
>what challenges is utexo trying to solve on bitcoin?
-utexo aims to address four major challenges in bitcoin-based payments:
1. predictable fees
utexo uses a transparent, predefined fee structure rather than a gas auction model.
-for its mint product, fees consist of a percentage of the transaction amount plus a fixed base fee.
-its api also provides the exact utexo fee before a transaction is submitted.
-however, bitcoin and evm network fees are calculated separately and remain the user’s responsibility.
2. private execution
utexo uses the rgb protocol to improve transaction privacy.
-with this approach, asset ownership and state information remain with the asset holder, while only a cryptographic commitment is recorded on the bitcoin blockchain.
-this architecture is particularly useful for business payments and protecting sensitive financial information.
3. unified integration
utexo brings three main capabilities together under one infrastructure:
mint:
issuing and minting usdt on bitcoin.
cross-chain swap:
transferring and swapping assets across different networks.
sdk / rest api:
tools that allow developers and businesses to integrate directly with utexo’s infrastructure.
-additionally, cloud modules allow operators to use the infrastructure without having to run their own nodes.
-overall, utexo handles liquidity management, asset validation, and settlement coordination.
4. bitcoin finality
-utexo isn’t building a new consensus mechanism.
-instead, its architecture is designed to anchor settlement states to the bitcoin blockchain, leveraging its security, censorship resistance, and settlement guarantees.
important note:
currently, rgb over lightning is only available on testnets and hasn’t been launched on bitcoin mainnet yet.
also, utexo’s collaboration with x402 for agent to agent payments using usdt aims to enable settlement times of up to 50 milliseconds.
>after i got my pendle rewards, i immediately put them back into my position, haha.
i’m not gonna miss any chances to get more xpoints :)
-today i’ve got 7.6m xpoints, and i’m gonna make it at least 10m before szn 2 gets started.
-now i have 313 yt-strcx, which means i’ve got ~$414 in it.
considering boost points, i can reach 10m xpoints within the next 15 days.
it may take more or less time, but it should be a realistic timeframe for it.
-based on the third pic, implied apy has gone up to 19% from 17% a few days ago, so i think we could see 20-25% implied apy in a few days, and it’s time to buy a yt position now, guyz.
as you know, every time the gap between implied apy and underlying apy gets smaller, the yt price could be worth more, and vice versa.
-xo market has launched a new feature called stories.:)
u can combine multiple picks into one bet (story).
-u can combine up to 10 picks in one story, and you need at least 2 picks to create one.
here’s how it works: you select multiple picks, and agents instantly give you the odds.
-on the other side, xo vault takes the opposite side of your bet and basically provides the liquidity, so you don’t have to wait for someone to match your bet.
(as you can see in the screenshot below, with a $15 stake on two picks, i’ll receive $21.86 if both picks win.)
there are a few things to keep in mind about this feature:
-for now, it’s only available for sports markets. But crypto, politics, and other markets haven’t been added yet.
-you can place your bet up to 5 minutes before kickoff.
-the maximum stake is $50, and the odds are capped at 100x.
which means you can receive up to $5k if you win.
-even if your picks turn out to be wrong, you’ll still receive 2x cp on your stake.
and for trying it , here is the link -> beta.xo.market/stories
if you haven’t registered yet , here is link to do it -> beta.xo.market/?r=jupiterbaz
>how can businesses trust utexo’s infrastructure and rely on it?
i’ve covered five key points that answer this question:
>predictable costs
utexo’s commission is specified in advance, and fees are communicated to users before each transfer.
-this helps businesses manage their transaction costs more effectively.
>privacy
utexo uses the rgb protocol, where transactions are validated client-side.
-as a result, the actual transaction details are not published on the bitcoin network, and only cryptographic commitments are recorded on-chain.
>swap security
each swap uses a dedicated escrow. this mechanism prevents the resolver from withdrawing funds before fulfillment is verified.
-also, if the swap is not completed within the specified time (ttl), the funds are refunded to the user.
-this means swaps either complete in full or the funds are refunded.
>mint security
utexo uses multiple security layers to release funds.
signers running on aws nitro enclaves independently verify deposits, and a specific number of signatures from the signer group are required to approve each release. in addition, bitcoin transaction proofs are verified through btcrelay.
>self custody option
with the rln remote signer, businesses can keep their private keys within their own environment and have greater control over the security of their assets.
even though market conditions haven’t been good since yesterday, onre’s aum has increased and it has hit $300m again.
-it’s currently sitting at 302m.
-if we compare it with 10 days ago, aum has gained $8m, which is massive.
-the third pic shows that onre is sitting in 22nd place in terms of total asset market cap among RWAs , just 4 mil behind tokeny.
-as for onyc holders, as i said before, it’s almost at 9.6k holders (almost +400 in the past 15 days), which is really impressive considering how active other rwas are.
-therefore, we gotta keep a closer eye on the onre ecosystem and try to discover more opportunities there.
alright guys, i’m back with another serie a game!
fiorentina will face atalanta tonight in a few hours (19:45 utc).
i was thinking about making a conviction on this game, and i thought it would be a great idea, so i made it !
And here’s the link -> beta.xo.market/event/will-bo…
in my view, there are 3 reasons to go for yes:
1- both teams have scored at least one goal in each of their last 3 games.
2- fiorentina have conceded 9 goals in 4 home games.
3- atalanta have scored 3 goals in 3 away games. they’ve faced some tough opponents: they scored 1 goal against roma and 2 against milan, but failed to score against juventus.
so, i think atalanta could score at least one goal tonight.
@AliHabbabeh
>only $109m has been added to aum over the past 10 days. It’s truly impressive. gg
I won’t be surprised if we see aum reach $2b in the next 2 -3 months.
-if tokenizing stocks is going this way and xstocks tries to make partnerships with wallets or exchanges (cex or dex) and even with lending platforms like aave, this could happen even sooner. Maybe next month. let’s see, guyz.
-I’m truly bullish on xstocks. I’ve been holding xstocks for 3 months now, and with every announcement, I become more bullish on it.
>one interesting part of this article is where they explain that their experience working with onre inspired them to build catapult.
@RockawayX helped with initial funding, provided liquidity for onyc, connected it to defi protocols, and expanded the token’s use cases.
-as @onrefinance grew and its tvl reached over $300m, rockawayx gained hands on experience in building and scaling an rwa business.
-they learned how to take a reinsurance startup from zero to a fully developed business with the help of rwa and defi.
now, they’ve decided to bring this experience to other projects.
-they said that new projects don’t have to build all the infrastructure needed for fundraising, providing liquidity, and entering defi from scratch on their own. instead, rockawayx can help them with these things.
-in other words, rockawayx provides initial funding, helps with liquidity and market making, contributes to product design and risk assessment, and helps projects integrate with defi protocols.
-they also use their network and mentors to help projects find the right partners and expand their markets.
-also, teams working in lending and credit can partner with defi experts to build products in areas such as supply chain finance, real estate credit, and structured credit products.
-another interesting point is that dan roberts and ayyan rahman, two key people behind onre, have also joined catapult as mentors.
-in fact, catapult is the result of rockawayx’s experience building and scaling onre.
the company wants to bring that same experience to new teams and provide them with the infrastructure they need to succeed in onchain markets, alongside funding.
the ultimate goal is to make it easier to bring new sources of real world yield into defi and expand the rwa market in defi.
@Zenga_PT @DishxNet
Reinsurance leads RWA sectors in DeFi utilization at 96%.
A testament to growing demand for uncorrelated, yield-bearing collateral and the role of liquidity, risk curation, and market infrastructure in driving adoption.
Great breakdown from @RockawayX on scaling RWAs onchain ↓
Just drop your xo username.
ali will make you happy for sure
if you don’t have acc , here is link to register
-> beta.xo.market/?r=jupiterbaz
