Davide
@0xdavide
🔥🚨Stocks in DeFi? Altseason in danger? As you may know, stocks have arrived on Solana. There are different types, let's see the main and possible repercussions on the market. 🔹xStocks (Backed Finance): tokenized actions on chain active 24 hours a day and 365/365 days, dividends are auto-reinvested. Fractional stocks (without buying 1 full stock), Defi income (LP and Lending). 55 stocks + 5 ETF, no trading fees but possible spreads. These stocks have a verifiable collateral with a Proof Of Reserves (Chainlink) and they are 1:1. These are the same ones offered by Bybit and Kraken. 🔹Robin Hood: cannot be withdraw for the moment and can be exchanged 5 days a week. In phase 2, through Orb Stack, the Robinhood Chain (Arbitrum) will be launched. Over 200 US Stocks/ETF at 0 trading fees. Backed 1:1.
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Davide
@0xdavide
What is the difference with the old models of Synthetix Network (Ethereum) and Mirror Protocol (Terra)? These were synthetics that traced the price, without being Backed 1: 1. This is all really revolutionary, however it should be noted that this could drain funds from altcoins. If no "external" funds arrive, these types of products (Holding, Lending, LP, Trading) could further "weaken" altcoins as PumpFun did with the launch of tens of thousands of scam memecoins per day. Remember that you can trade crypto but also stocks/ETF on Ostium (they also have a points campaign for their airdrop): https://ostium.app/trade?ref=NRQ3H
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Crypto Lover(JITU)🇮🇳
@jitusarker525
Ost
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Davide
@0xdavide
Ostium: Perps Exchange (future airdrop for traders).
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