$500k in xStocks collateral on Kamino New asset class with new challenges, including liquidity, oracles, but highly bullish for Solana DeFi.
On Chain Times
On Chain Times23 tuntia sitten
Recently, @xStocksFi went live on @KaminoFinance with the following markets: SPYx TSLAx NVDAx MSTRx AAPLx QQQx GOOGLx HOODx With around close to $500k worth of xStocks supplied in this market and $117k borrowed against these it's still early days for this integration. As mentioned in the announcement: "xStock are backed 1:1 by their underlying assets, which itself is held in regulated custodian banks. Dividends on assets are passed onto the xStock user via rebasing" To price these assets, Kamino has collaborated with @chainlink for an oracle solution that uses multiple US equities exchanges and also utilizes a price band mechanism for low volatility periods (e.g during the weekends). xStocks can be purchased via the Kamino Swap UI which aggregates through OKX, Pyth, Jupiter and more. New report dropping soon on
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