KALEIDO is also working on RWA, and to be honest, it’s a tiny bit similar to Index. KALEIDO is a DeFi protocol built on the Robinhood Chain. Holders can own shares of Uniswap v3 liquidity pools and earn real ETH profits through trading. These profits can be exchanged for any tokenized stocks of their choice. The token launch process was pretty hilarious. The dev planned to launch the token, but before doing so, he stepped out for a bit. When he came back, he found out that AI had launched it for him, and it had already pumped 15x. To keep building the project, the dev had no choice but to FOMO in and buy his own token at a higher price.