Quite cool to see tokenized stocks becoming increasingly embedded into DeFi.
It makes a ton of sense being able to use stocks on chain across DeFi and this is now possible on @KaminoFinance.
Still early days with LTVs for these at just 35% but gonna be interesting to see how much traction this market gets over time.
Kamino
@KaminoFinance
07-15
1/ Introducing the @xStocksFi Market on Kamino Lend
xStocks can now be deployed as collateral on Kamino, enabling users to borrow against SPYx, NVDAx, MSTRx, and more, directly on onchain—powered by @chainlink's bespoke xStocks oracle solution
Welcome to a new era for DeFi🧵
You can read more about how these are priced below:
Kamino
@KaminoFinance
07-15
5/ Kamino's xStocks feeds leverage a novel pricing architecture, developed by @chainlink, that consists of various core features designed to ensure user safety, and the robustness of Kamino itself:
1. Instead of being subject to onchain liquidity conditions, prices for xStocks
Sector:
From Twitter
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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