Equitix

Equitix brings US equity exposure on-chain through synthetic assets. Instead of custodying real shares, users over-collateralise crypto assets to mint xAssets, prices come from an oracle that aggregates traditional exchange feeds, collateral ratios adjust with the underlying's volatility, and under-collateralised positions are handled by automated liquidation. xAssets transfer freely, minting and burning settle at the oracle price, and the protocol never touches a brokerage account.

The protocol writes the risk gap between equities and crypto into its parameters: a stability pool absorbs liquidation debt in exchange for yield, the liquidation module handles intraday gaps and weekend market closures, an AI risk engine adjusts collateral requirements from realised volatility, and a smart order router splits fills to reduce slippage. Parameters are set per underlying, so tech names and broad indices carry different collateral discounts. It positions itself as synthetic equity infrastructure that replaces securities custody with collateral and liquidation.