I saw that my former employer @ ambergroup_io participated in the seed round financing of @ Travix_fi, and the positioning of the on chain agent type all-round broker is also quite unique. Therefore, I followed up and analyzed it to introduce: 1) Travix's positioning as a proxy type all-round broker may sound abstract, but in other words, it can be understood as a scenario based PerpDEX that specializes in serving non-standard RWA assets such as computing power or East Asia. 2) This means that its perpetual service targets mainly stocks and indices that have truly landed in areas such as chips, storage, electronics, and computing power supply. Unlike general perpetual services like Hyperliquid, it aligns its pricing capabilities with changes in prices that previously did not have continuous trading positions, such as cloud bills, manufacturer quotes, and factory scheduling. General Perp Dex tends to put assets on chain, but may not be able to cater to specific vertical asset types in terms of on chain liquidity depth, price anchoring standards, Oracle's feeding ability, etc. This gives Travix the opportunity to make specific optimizations in the continuous pricing anchoring of these assets; 3) What is the significance of doing this? For example, RWA computing assets such as H100, memory, chips, and electricity have significant price fluctuations and a certain transmission period. They can be accurately locked into the quotes and supply forms at the supply chain end in order to provide continuous quotation capabilities. For example, some assets in the Asia Pacific region, including East Asian stocks, regional indices, and computational capital expenditures, as well as various export controls, exchange rates, and production capacity accidents of Japanese and Korean semiconductors, often occur here, which can lock in and find the prices of transmission sources; 4) Then, the value became apparent. Travix provides an account for companies sensitive to upstream prices in the AI supply chain, where they can open perpetual contracts for tokenized stocks corresponding to the AI industry chain, especially during traditional market closures, providing these companies with a good time window to hedge risks. Among them, there is also a set of Trusted Agents to execute rules, including distilling information, improving entry, position, exit strategies, etc., to assist users in executing trades, and so on. The above. This is the origin of the definition of an all rounder broker, and I feel that it may also be an evolutionary path for the future PerpDex track. General purpose stocks will continue to eat mainstream liquidity, while vertical stocks will eat a real scenario where quotes are scattered in bills and schedules for a long time.