It seemed that tokenized assets are always tied to an exchange—turns out, not always. Here it’s different: bStock is a standard BEP-20 token on BNB Smart Chain, and the holder can withdraw it to their own wallet. The token no longer depends on the exchange account. I found the explanation in the BEP-677 standard, Scaled UI Amount. It passes balance changes of the token to external DeFi protocols. Without it, a DeFi protocol outside Binance wouldn’t recognize the automatic adjustment of the token balance during dividends or stock splits.
In fact, BEP-677 translates a corporate event into a language that a smart contract outside the exchange can understand. For me, that’s the key point. bStock stops being just a spot asset. It becomes collateral.
Users who hold bStocks already provide tokens in liquidity pools on PancakeSwap and in native lending pools. The yield there is market-based, depends on demand for the pair, and is always variable. Anyone who has TSLAB or NVDAB or other tickers gets a choice: hold the token passively or use it as collateral for a loan. For me, self-custody here isn’t about distrust in the token issuer. It’s about access to liquidity outside a brokerage account.
#bStocksCIS @BinanceCIS
In fact, BEP-677 translates a corporate event into a language that a smart contract outside the exchange can understand. For me, that’s the key point. bStock stops being just a spot asset. It becomes collateral.
Users who hold bStocks already provide tokens in liquidity pools on PancakeSwap and in native lending pools. The yield there is market-based, depends on demand for the pair, and is always variable. Anyone who has TSLAB or NVDAB or other tickers gets a choice: hold the token passively or use it as collateral for a loan. For me, self-custody here isn’t about distrust in the token issuer. It’s about access to liquidity outside a brokerage account.
#bStocksCIS @BinanceCIS