@mioku.base.eth
Your tokenised shares may pay dividends, but you wonโt receive any new tokens in your wallet. ๐
This is what makes the ๐๐จ๐ข๐ง๐๐๐ฌ๐ ๐๐ญ๐จ๐๐ค๐ฌ service on @base.base.eth more interesting and technologically superior to others ;)
B20 processes dividends using an on-chain multiplier. Cash dividends are reinvested in the underlying shares (net of applicable taxes and fees), increasing the equity stake represented by each token.
๐ ๐ซ๐๐๐ฅ-๐ฅ๐ข๐๐ ๐๐ฑ๐๐ฆ๐ฉ๐ฅ๐ ๐๐ซ๐จ๐ฆ ๐๐๐ฉ๐ญ๐๐ฆ๐๐๐ซ:
๐๐๐๐๐๐ ๐ฆ๐ฎ๐ฅ๐ญ๐ข๐ฉ๐ฅ๐ข๐๐ซ: ๐ โ ๐.๐๐๐๐๐๐
Your ERC-20 balance remains unchanged, but each token now represents ~0.038% more of the underlying capital.
Unlike xStocks on the EVM, where rebasing adjusts token balances, B20 leaves the original balances unchanged โ therefore, AMM reserves and DeFi positions are not automatically recalculated.