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    xStocks

    What is xStocks?

    xStocks is a tokenized equities platform that lets you trade over 75 U.S. stocks and ETFs on-chain and on centralized exchanges. Kraken bought the platform in December 2025. Assets like $SPYx are fully backed traditional securities that you can access 24/7 without having to open a brokerage account.

    The platform is for DeFi users who want to be able to use on-chain assets in traditional markets. People can trade, add liquidity, and use xStocks tokens as collateral in borrowing and lending markets, all without leaving the DeFi interface. Backed.fi, the parent company of xStocks, has raised a total of $9.5M across two funding rounds.

    Ongoing

    xStocks Airdrop Details

    xStocks has not yet confirmed a native ecosystem token or airdrop. The active xPoints Program keeps track of who is participating in DeFi and clearly says that “at the end of the season, participation matters.” This suggests that there will be a distribution event in the future based on the points that have been earned.

    Key Parameters:

    • Points Activities: Holding xStocks, providing liquidity, borrowing/lending
    • Boost: 20% permanent boost available by linking wallet via the referral link below

    Points build up over time, and the platform has said that early users who link their wallets now get a permanent 20% boost.

    Latest Update: xStocks went live on Hyperliquid’s HyperCore on August 10, 2026 with five USDC-quoted markets: Nvidia (NVDAx), the S&P 500 ETF (SPYx), the Nasdaq-100 ETF (QQQx), SK Hynix (SKHYx), and Micron (MUx), all pulled from the top HIP-3 perps by open interest. New CCIP routes between HyperCore and HyperEVM open fresh ways to earn xPoints: hold, lend, or provide liquidity with xStocks, with liquidity provision earning the highest tier.

    How to Participate in the xStocks Airdrop

    Use our link to go to the xStocks Points page and connect your wallet. Linking now locks in a permanent 20%-point boost. The earlier you link, the more points you earn over the season.

    Make sure you have ETH or USDT in your wallet. You can buy assets on Binance if you don’t already have any or use the widget below to bridge or swap funds.

    Bridge funds

    Swap and bridge across 30+ chains without leaving this page.
    Fast routes, low fees.

    Opens an interactive bridge widget

    Step 2: Acquire xStocks Tokens

    You can buy tokenized stocks or ETF tokens (like $SPYx) directly on the platform or through Kraken. You passively earn points throughout the season by holding xStocks.

    Step 3: Provide Liquidity

    Go to the liquidity section on xStocks DeFi and deposit into the pools that are open. Liquidity providers get points based on how much they contribute and the duration.

    Step 4: Use the Borrow and Lend Markets

    You can either lend assets to earn lending yield and points or borrow against your xStocks collateral by opening the borrow/lend interface. Everything you do in these markets adds to your points total.

    Step 5: Get OG and Other Roles from xStocks

    To obtain it, visit the “get-og-role” channel and enter the ticker of a stock that is not currently trading.

    xStocks has also introduced a role system in Discord tied to xPoints balances, with roles likely factoring into the eventual airdrop distribution. Join the xStocks Discord and connect the wallet you farm with to get assigned a role based on your current xPoints:

    • Analyst — 10,000+ xPoints
    • Associate — 50,000+ xPoints
    • VP — 100,000+ xPoints
    • Director — 500,000+ xPoints
    • MD — 1,000,000+ xPoints

    The OG role functions as an early multiplier on top of whichever tier you qualify for.

    Step 6: Buy YT positions on Pendle

    Visit Pendle V2 to buy STRCx yield tokens and earn 2x points. Please note that YT will expire with a value of 0, so only invest what you can afford to lose.

    Conclusion

    xStocks has a live, active points program for DeFi users who want to invest in tokenized U.S. stocks and may be able to get a future airdrop. Holding xStocks, providing liquidity, and using borrow/lend markets are the three main things that add to your xPoints total.

    You're interested in more projects that do not have any token yet and could potentially airdrop a governance token to early users in the future? Then check out our list of potential retroactive airdrops to not miss out on the next DeFi airdrop!

    Funding

    $9.5M

    Difficulty

    Easy

    Cost to Farm

    Medium

    Overview


    • Website: xstocks.fi
    • Documentation: Visit now
    • X (Formerly Twitter):
    • Telegram Group:
    • Discord Chat:
    • Blog: