#bstockscis $COINB
Two people can both say "I hold COINB" and mean genuinely different things by it. 🎭 #bstockscis
The spot holder has it sitting in a Binance balance, price exposure and nothing more. The collateral poster holds the exact same token, but it's backing a margin position now, subject to a haircut and reacting to margin calls the spot-only holder never has to think about. And then there's the DeFi-deployed version — same ticker again, except now it's carrying smart-contract risk and earning or losing LP yield the other two never touch at all.
Same underlying share behind all three. Three completely different conversations about risk, depending on which one you actually are.
Which version of "holding" a bStock is actually you right now?
@BinanceCIS #bStocksCIS
Two people can both say "I hold COINB" and mean genuinely different things by it. 🎭 #bstockscis
The spot holder has it sitting in a Binance balance, price exposure and nothing more. The collateral poster holds the exact same token, but it's backing a margin position now, subject to a haircut and reacting to margin calls the spot-only holder never has to think about. And then there's the DeFi-deployed version — same ticker again, except now it's carrying smart-contract risk and earning or losing LP yield the other two never touch at all.
Same underlying share behind all three. Three completely different conversations about risk, depending on which one you actually are.
Which version of "holding" a bStock is actually you right now?
@BinanceCIS #bStocksCIS
