SK Hynix is now a top-5 market on Hyperliquid. Binance just launched bStocks. Stock tokenization isn't a thesis anymore, it's the next chapter of crypto.
Here's the thing though. Every listing above still needs someone's permission. An exchange to approve it, a custodian to hold it.
RYex takes a different path. If a perp exists, we can mint a synthetic rToken that tracks it. No permission, no gatekeeper, no waiting for a listing.
And because it's a standard ERC-20, it plugs straight into DeFi: funding strategies, farming, collateral.
The next chapter is stocks onchain.
We're building the fastest way to print them.
The composable, permissionless perps execution layer. That's GMX.
@RYex_finance is a great example of what that enables. The ecosystem is growing, and if you're a dev, integrator, or AI agent building on-chain, the infrastructure is here. ⬇️
You trade perps to make money. That's the whole point.
But what if, while that trade is running, your position could quietly earn for you too?
That's what we're building with RYex. It liquefies your position itself, without changing a single thing about how you trade.
Let's walk through it with Alice.
1. She opens a 5x BTC long. $1,000 margin, a $5,000 position. Nothing unusual yet.
2. She mints $3,000 of rBTC, RYex's synthetic token, against that position. Comfortably under her limit, and her BTC long stays fully open the whole time.
3. She takes that rBTC, LPs it in a RYex pool, and starts earning fees on the side.
4. BTC runs up. Alice's ready to take profit. She unwinds the LP, collects her yield, burns the rBTC to clear the debt, and closes the position.
The result: Alice kept 100% of her BTC upside, and freed up liquidity from the position, and earned yield while she waited. All from one trade she was going to make anyway.
And this isn't just BTC. It works on any asset with a perp market. ETH, SOL, the equity perps everyone's watching right now like NVDA, Samsung, and SKHynix, gold, even pre-IPO names like OpenAI and Anthropic.
That flexibility, honestly, is just freedom. LPing is only one path. Alice could've sold the rBTC for USDC to hedge, or put it to work anywhere else in DeFi.
RYex launches on @arbitrum, built on @GMX_IO v2. Their async callback design lets our vault follow every change in your position within the same block, so your rBTC is always backed 1:1 by a live one.
Same trade. Now it works twice.
If you're interested in exploring what's possible with position-backed liquidity, join the waitlist below 👇
ryex.finance/
You trade perps to make money. That's the whole point.
But what if, while that trade is running, your position could quietly earn for you too?
That's what we're building with RYex. It liquefies your position itself, without changing a single thing about how you trade.
Let's walk through it with Alice.
1. She opens a 5x BTC long. $1,000 margin, a $5,000 position. Nothing unusual yet.
2. She mints $3,000 of rBTC, RYex's synthetic token, against that position. Comfortably under her limit, and her BTC long stays fully open the whole time.
3. She takes that rBTC, LPs it in a RYex pool, and starts earning fees on the side.
4. BTC runs up. Alice's ready to take profit. She unwinds the LP, collects her yield, burns the rBTC to clear the debt, and closes the position.
The result: Alice kept 100% of her BTC upside, and freed up liquidity from the position, and earned yield while she waited. All from one trade she was going to make anyway.
And this isn't just BTC. It works on any asset with a perp market. ETH, SOL, the equity perps everyone's watching right now like NVDA, Samsung, and SKHynix, gold, even pre-IPO names like OpenAI and Anthropic.
That flexibility, honestly, is just freedom. LPing is only one path. Alice could've sold the rBTC for USDC to hedge, or put it to work anywhere else in DeFi.
RYex launches on @arbitrum, built on @GMX_IO v2. Their async callback design lets our vault follow every change in your position within the same block, so your rBTC is always backed 1:1 by a live one.
Same trade. Now it works twice.
If you're interested in exploring what's possible with position-backed liquidity, join the waitlist below 👇
ryex.finance/
RYex retweeted
If you're a perp trader tired of your capital being locked behind a trade, check out our submission for the Arbitrum London Buildathon. Phase 1 of the capital layer for perp markets is live on Arbitrum testnet. Our first venue, @GMX_IO
(Please excuse my camera shy awkwardness😳)
We just submitted RYex to the @arbitrum Open House London Buildathon.
Find us on the page below and drop a heart if you like what we're building.
There's a demo video too — the quickest way to see how RYex turns an open perp position into productive, composable capital.
arbitrum-london.hackquest.io…
RYex retweeted
Excited to see more defi primitives built on top of @arbitrum perps
We just submitted RYex to the @arbitrum Open House London Buildathon.
Find us on the page below and drop a heart if you like what we're building.
There's a demo video too — the quickest way to see how RYex turns an open perp position into productive, composable capital.
arbitrum-london.hackquest.io…
We just submitted RYex to the @arbitrum Open House London Buildathon.
Find us on the page below and drop a heart if you like what we're building.
There's a demo video too — the quickest way to see how RYex turns an open perp position into productive, composable capital.
arbitrum-london.hackquest.io…
RYex retweeted
DeFi doesn't need new primitives anymore. that's the uncomfortable part nobody says out loud.
lending, perps, AMMs, stablecoins, LSTs. the toolkit is basically complete. most "new" protocols are a fork with a different color scheme.
Earning yield the entire time your position is open.
The capital just works while you hold.
That's the whole idea
Thursday funding
- Samsung 170%
- USAR 113%
- GME 88%
- AMZN 48%
BTC 3% · ETH 2.9% · SOL -9%🙈
The two columns aren't converging. Equity perp funding is paying 30-50x crypto, and almost no DeFi capital can reach it yet.
That's the gap.
Every position type in defi eventually got tokenized. Except trader perp positions.
$2.6B sitting in Hyperliquid perp OI, disconnected from the rest of DeFi.
Free that capital and it works while the trade runs: lend it, LP it, earn on it, position still open.









