In bStocks there are two prices. And this is not a mistake.
At first I didn’t understand why Binance even needs a separate reference price if there’s already a token price.
Turns out the logic is simple:
bStock price ÷ Multiplier = reference price
So if the multiplier has already shifted a bit due to accumulated dividends, simply comparing the token price to the price of a regular stock share would be incorrect.
And here’s the more interesting part: the bStock price and the underlying stock price can come from different sources and update at different frequencies.
That’s why a small difference between them is not necessarily an error.
The more I dig into bStocks, the more I see that behind a single simple ticker there’s a whole system 👀
@BinanceCIS #bStocksCIS
At first I didn’t understand why Binance even needs a separate reference price if there’s already a token price.
Turns out the logic is simple:
bStock price ÷ Multiplier = reference price
So if the multiplier has already shifted a bit due to accumulated dividends, simply comparing the token price to the price of a regular stock share would be incorrect.
And here’s the more interesting part: the bStock price and the underlying stock price can come from different sources and update at different frequencies.
That’s why a small difference between them is not necessarily an error.
The more I dig into bStocks, the more I see that behind a single simple ticker there’s a whole system 👀
@BinanceCIS #bStocksCIS
