Reserve 🌐

Reserve is pioneering onchain funds (called DTFs or Decentralized Token Funds), in pursuit of asset-backed currency. Powered by $RSR

[Reserve 🌐 @reserveprotocol]

Own your share of the AI industry

Today, Reserve launches not one, but five new tokenized equity DTFs, each for a unique layer of the AI revolution: infrastructure, power, photonics, cloud compute, and robotics.

Live on @BNBCHAIN and powered by @OndoFinance, eligible users can trade them onchain at https://t.co/zlQXa5cftr and @bitgetwallet, or on DEXes like @PancakeSwap X and @CoWSwap.

Read the full launch article below to learn more about $BUILDOUT, $POWER, $PHOTON, $NEOCLOUD, and $ROBOTS ↓

[Reserve 🌐 @reserveprotocol]

https://t.co/8hbii0kqwk

[Reserve 🌐 @reserveprotocol]

@BNB_Hub @BNBCHAIN @42space If you're interested in $BUILDOUT you might also be interested in the other 4 AI DTFs launched on BNB: Photonics, Power, Neocloud, and Robotics
https://t.co/GamUvmyz3H

[Reserve 🌐 @reserveprotocol]

Own your share of the AI industry

Today, Reserve launches not one, but five new tokenized equity DTFs, each for a unique layer of the AI revolution: infrastructure, power, photonics, cloud compute, and robotics.

Live on @BNBCHAIN and powered by @OndoFinance, eligible users can trade them onchain at https://t.co/zlQXa5cftr and @bitgetwallet, or on DEXes like @PancakeSwap X and @CoWSwap.

Read the full launch article below to learn more about $BUILDOUT, $POWER, $PHOTON, $NEOCLOUD, and $ROBOTS ↓

[Reserve 🌐 @reserveprotocol]

@Levi_Researcher @CryptoChihiro More info here: https://t.co/m6fiV9TmQ9

[Reserve 🌐 @reserveprotocol]

@yijiangren 🤝

[Reserve 🌐 @reserveprotocol]

@FloydJoCrypto @cartierfocus @BNBCHAIN Unfortunately, due to Ondo's restrictions these are only available outside the US

[Reserve 🌐 @reserveprotocol]

Own your share of the *entire* AI buildout

$BUILDOUT from Reserve bundles 25 of the biggest US-listed hardware names, from NVIDIA and TSMC to ASML, into one token on @BNBCHAIN

Watch the 3-minute breakdown 👇

[Reserve 🌐 @reserveprotocol]

https://t.co/8hbii0kqwk

[Reserve 🌐 @reserveprotocol]

@BNBCHAIN In one click! ☝️

[Reserve 🌐 @reserveprotocol]

@Mat_Oracle @gobaldxyz @cesto_co @spendmarket @TrySoar This guy knows 🤝

[Reserve 🌐 @reserveprotocol]

@boxmining 👋 https://t.co/hxPv7rODbg

[Reserve 🌐 @reserveprotocol]

Own your share of the AI industry

Today, Reserve launches not one, but five new tokenized equity DTFs, each for a unique layer of the AI revolution: infrastructure, power, photonics, cloud compute, and robotics.

Live on @BNBCHAIN and powered by @OndoFinance, eligible users can trade them onchain at https://t.co/zlQXa5cftr and @bitgetwallet, or on DEXes like @PancakeSwap X and @CoWSwap.

Read the full launch article below to learn more about $BUILDOUT, $POWER, $PHOTON, $NEOCLOUD, and $ROBOTS ↓

[Reserve 🌐 @reserveprotocol]

https://t.co/ZCtYjfO4Si

[Reserve 🌐 @reserveprotocol]

@CryptoChihiro higher

[Reserve 🌐 @reserveprotocol]

@starl3xx @ElevenLabs “secretly” 🤔

[Reserve 🌐 @reserveprotocol]

Learn more and buy onchain 24/7 at https://t.co/m6fiV9TmQ9

[Reserve 🌐 @reserveprotocol]

Not investment advice. $BUILDOUT is a concentrated, single-theme basket of experimental tokenized assets - volatile, illiquid, and may lose value entirely. Not an ETF; not FDIC/SIPC-insured. Fees: 0.3% mint + 0.6% TVL. Not for US / sanctioned-jurisdiction persons. Full terms & risks: https://t.co/d7rrlLVZnV

[Raphael Spannocchi @raphbaph]

Last week @reserveprotocol launched new DTFs that give holders easy access to AI and robotics growth baskets.

Find out what governance means for them and how they're affected by on-chain decisions.

https://t.co/uwUS8wUhGW

[Reserve 🌐 @reserveprotocol]

@JinYu762 说得好🤝

如果您想了解更多信息，我们已在此处汇总了常见问题解答：
https://t.co/Ssmd1CjjKx

[Reserve 🌐 @reserveprotocol]

GM 亚洲！以下是我们收到的一些关于全新 AI DTF 产品线的中文提问，以及我们的回答：

1. 底层的法律结构到底是什么？我是直接拥有底层的美股，还是仅仅持有对某个离岸 SPV 的一种债权（IOU）？

当你持有 DTF 时，只有你本人拥有提取底层代币的密钥权限，因此你对这些底层代币拥有法律所有权，并实际掌控它们。这些底层代币本身并不代表对股票的法律所有权，但它们由 Ondo 持有的真实股票作为支持。如果你把底层的 Ondo 代币提取出来、拿去向 Ondo 赎回，你有权按股票的现金价值进行赎回：你赎回代币 → 他们在市场上卖出对应股票 → 你拿到现金。赎回汇率从 1:1 开始，随着分红的累积而缓慢上升——这就是他们在不引入链上复杂机制的前提下，把分红（扣除少量费用后）传递给持有者的方式。

2. 底层的美股由哪家"实体券商"托管？

这些股票托管在 Ondo 于 Alpaca Securities 开设的账户中。Alpaca 是一家技术驱动的美国券商，拥有出色的 API 化产品，目前市面上几乎所有代币化股票产品都在使用它。它现代、稳健，但只提供在美国交易的资产——这也是为什么我们的产品目前还不包含非美股的代币化股票：因为那些资产尚未被代币化。

3. 二级市场流动性如何保证？

这里的流动性分为好几层：

DTF 代币本身有常规的 DEX 流动性池，可应对较小额的交易。已有套利者在这些池子里交易，使价格维持在接近公允市场价的水平。出于合规原因，我们会做地域限制以匹配 Ondo 的国家名单，因此这些池子不会出现在常规的 DEX 聚合器界面上。

有几家做市商通过 RFQ / solver（询价 / 求解器）接口为这些 DTF 提供报价，比如 PancakeSwapX 和 CoW Swap（1inch Fusion 即将接入）。他们既能使用 DEX 池的流动性，也能实时在 Ondo 那边铸造 / 赎回 Ondo 代币（速度快得惊人），再通过 Reserve 的智能合约铸造 / 赎回 DTF。这些界面会做访问限制以匹配 Ondo 的资格要求——Ondo 允许中国、日本和韩国的用户。
在 https://t.co/zlQXa5cNiZ 上（以及第三方网站上），系统都会根据你的交易规模，自动为你路由到更优的价格——要么铸造，要么直接从池子里买入现有代币。
对于小额交易，时间点无所谓。对于大额交易，在美股交易时段操作能拿到更好的价格，因为部分资产的 Ondo 铸造 / 赎回只在美股开盘时段可用（他们正在推进 7×24 小时，但尚未覆盖所有资产）。如果一笔大额交易预计滑点会超过 1%，我们的网站会提示你这一点，并告诉你什么时候回来能拿到更好的价格；第三方平台没有这种提醒。
4. DTF 是否有分红？

有——见第 1 点的回答（分红会累积进不断上升的赎回汇率中）。

5. 持有这个链上 ETF 的综合费率是多少？

每年 0.6% 的费用（按 TVL / 锁仓量计算）。铸造会额外收取 0.3% 的费用，但如果通过 DEX 池买入更便宜，系统会自动为你走更便宜的路径，你就无需支付铸造费。设置这笔费用，是为了当 MEV 搜索者在 DTF 池里套利时，协议能捕获他们原本会独吞的一部分价差——实际上，绝大多数铸造交易都是 MEV 机器人发起的。

6. 如何应对智能合约漏洞和超额抵押方面的风险？

指数型 DTF 是 1:1 足额支持的，没有超额抵押（收益型 DTF 确实使用超额抵押，但那是另一个独立的产品）。所以风险主要取决于代码的可靠性：我们已做过多次审计，并设有一个长期有效、金额达 1000 万美元的漏洞赏金，至今无人领取。风险永远无法完全降到零。

7. 合规与 KYC 限制是什么？相比中国用户在盈透（IB）上买美股，本质区别在哪里？

在不受限制的国家 / 地区，链上买卖这些资产不需要 KYC；而向 Ondo 赎回则需要完成 KYC。通过盈透（IB）购买时，你直接拥有股票，并附带美国方面额外的监管保护——但你的账户能否使用，取决于盈透是否在你所在国家继续开展业务，而 DTF 代币则由你自己自托管。如果你习惯链上交易，DTF 可能是更好的选择；如果你更偏好传统金融，盈透可能更合适。需要注意的是，这些产品中有一部分目前并没有对应的 ETF，所以走传统渠道的话，你需要一个一个地去买这些公司的股票。另外，正如上文所述，对于小额交易，代币化产品能提供更好的 7×24 小时流动性；而在美股交易时段，其传统金融层面的深度流动性与之相当。

[Reserve 🌐 @reserveprotocol]

Learn more and buy onchain 24/7 at https://t.co/TXrUdqlukK

[Reserve 🌐 @reserveprotocol]

Own your share of the AI compute boom

The $NEOCLOUD DTF from Reserve bundles the companies renting out compute (GPU-cloud operators like CoreWeave & Nebius plus the power-rich hosts behind them) into a single token on @BNBCHAIN

Watch the 2-minute breakdown 👇

[Reserve 🌐 @reserveprotocol]

https://t.co/8hbii0kqwk

[Reserve 🌐 @reserveprotocol]

Not investment advice. $NEOCLOUD is a concentrated, single-theme basket of experimental tokenized assets - volatile, illiquid, and may lose value entirely. Not an ETF; not FDIC/SIPC-insured. Fees: 0.3% mint + 0.6% TVL. Not for US / sanctioned-jurisdiction persons. Full terms & risks: https://t.co/d7rrlLVZnV

[Reserve 🌐 @reserveprotocol]

@michaelsikand We recently launched a Photonics fund that includes these names in its basket. Also launched 4 other similar thematic AI funds. Sent you a DM to get your feedback!
https://t.co/GamUvmyz3H

[Reserve 🌐 @reserveprotocol]

Own your share of the AI industry

Today, Reserve launches not one, but five new tokenized equity DTFs, each for a unique layer of the AI revolution: infrastructure, power, photonics, cloud compute, and robotics.

Live on @BNBCHAIN and powered by @OndoFinance, eligible users can trade them onchain at https://t.co/zlQXa5cftr and @bitgetwallet, or on DEXes like @PancakeSwap X and @CoWSwap.

Read the full launch article below to learn more about $BUILDOUT, $POWER, $PHOTON, $NEOCLOUD, and $ROBOTS ↓

[Reserve 🌐 @reserveprotocol]

@PhotonBull and if you don't want to pick individual stocks, you can buy the whole theme, like photonics or neoclouds, in one click through the 5 funds we just launched
https://t.co/GamUvmyz3H

[Reserve 🌐 @reserveprotocol]

Own your share of the AI industry

Today, Reserve launches not one, but five new tokenized equity DTFs, each for a unique layer of the AI revolution: infrastructure, power, photonics, cloud compute, and robotics.

Live on @BNBCHAIN and powered by @OndoFinance, eligible users can trade them onchain at https://t.co/zlQXa5cftr and @bitgetwallet, or on DEXes like @PancakeSwap X and @CoWSwap.

Read the full launch article below to learn more about $BUILDOUT, $POWER, $PHOTON, $NEOCLOUD, and $ROBOTS ↓