Deposits are closing in 10 mins ✨
- 9.3m tvl
- 211 depositors
- @Mantle_Official is the biggest chain followed by Ethereum
First step for Openstock in underway 🔥
1h in, ~70% of the vault is filled.
most tokenized stocks solve for convenience.
we’re solving for access.
zhongji innolight is the world’s largest producer of optical transceivers, a core AI component, yet remains hard for most global participants to access.
Zhongji Innolight vault is more than half full.
$5.6M in the first 10 minutes, against a $10M cap.
Pre-IPO allocation to the world's largest optical-transceiver maker, priced in line with the Hong Kong IPO.
New Openstock vault is live.
Nvidia gets all the attention. But every one of its GPU clusters is wired together by optical modules, and one $197B company makes more of them than anyone on earth.
It lists in Hong Kong soon.
Introducing Claude Sonnet 5, our most agentic Sonnet yet.
It makes plans, uses tools like browsers and terminals, and runs autonomously at a level that just a few months ago required larger and more expensive models.
retail buys the ipo at the open.
the institutions who got allocation are the ones selling it to them. that gap is the whole reason allocation stays locked up.
we're handing you a key to it
people google "how to get pre ipo shares" constantly.
the real answer was always some version of you can't, you're not rich enough. that's the answer we want gone
agentic defi strats :
users expressing intent -> discovery/execution handled by skillful agents
with good guardrails around this, could be the next big UX unlock for traders navigating around mm/strats.
SDMC vault update
We opened with a $3m cap and received around $40k in deposits.
That was not enough to run the allocation route properly, so we’re refunding everyone.
Claims are live in the dashboard.
As a thank you to early depositors, we’re adding a one-time 5% bonus on deposited capital.
This is not APY, not a recurring yield, and should not be expected for future vaults.
Based on how SDMC traded, the modeled vault outcome would likely have been higher if we had proceeded, but the deposit size was too small to run the route properly.
Not the result we wanted, but a useful first launch.
We’ll clean up what was confusing and come back with the next vault.
first OpenStock vault update from my side
SDMC is up around 100% since we launched the vault ~1.5 weeks ago
unfortunately our vault did not go up 100% because we launched with almost no marketing and an 8 hour deposit window
very smart
most crypto people didn’t know SDMC
most people didn’t understand the HK IPO setup
we got ~$40k on a $3m cap
the IPO was oversubscribed, so we expected around 40% allocation on the $3m
but you still need to commit the $3m to get that allocation
with $40k, the route didn’t make sense to run properly
so everyone is being refunded + a one-time 5% bonus on deposited capital
no exposure was taken
next vaults need to be shown as coming soon earlier, with more education before deposits open
these windows probably won’t last forever
good market, bad launch
we go again
OpenStock is live.
First vault: SDMC.
12 hours. $3m cap. Deposits on Ethereum, Base and Solana.
Most pre-IPO products let you trade someone’s guess.
Perps, IOUs, synthetic markets, “price exposure”, etc.
OpenStock is trying something different:
a capped vault tied to an actual IPO allocation route.
Users deposit stablecoins, the vault tries to secure allocation, and after listing redemption is based on actual execution.
Still risky.
Allocation can be partial. Stock can trade badly. Execution can be worse than expected. You can lose money.
Pre-IPO means before IPO, not before risk.
Why Hong Kong first?
Active IPO calendar, short event windows, real demand, and allocation scarcity.
Also because starting with OpenAI/SpaceX secondaries and 900 legal problems felt like a bad first level.
Contracts audited by 0xMacro: Polynomial A-10, May 17, 2026.
Read before depositing. Or at least pretend to.
SDMC vault backgrounder:
https://t.co/nSculasAAb
Audit:
https://t.co/GYjf2g3RHz
Openstock is live.
You can now subscribe to a Hong Kong AI IPO with USDC and a wallet.
Deposits open on @ethereum, @base and @solana.
First vault: SDMC. $877M HKEX listing. $3M cap. 10 hour window.
We’re shutting down Polynomial Chain and Polynomial Trade.
This one hurts to write.
$4B+ in volume. 27M+ transactions. 22K of you believed in us. 8M TVL at peak.
Here’s what happened, what we learned, and why we’re not done. 🧵