OKXICE's upcoming tokenized-stock venue plans to show the estimated dollar gap between a stock's reference value and the result of a proposed swap. I'd judge the quote against that reference before signing.
For a purchase, the proposed confirmation screen would show the minimum number of share tokens received. For a sale, it would show the minimum stablecoins received. These are the amounts the transaction must meet to execute. A swap outside the chosen slippage tolerance would fail, though network fees could still be charged.
The October 4 public notice explains why the stock valuation remains a separate comparison. Stock-market data supplies the dollar value displayed in the interface. The swap would execute against a liquidity pool whose asset balances set the price, without an outside stock-price feed controlling execution. The notice specifically flags possible divergence outside the stock exchange's regular hours.
A tighter slippage setting can reject a worse swap, but it cannot pull the pool's quote toward the stock market's price. The estimated dollar gap is what lets the trader judge that quote against the shares' reference value before accepting it.
Source: https://www.okx.com/cdn/assets/files/2610/FA22FC62E8823382.pdf
For a purchase, the proposed confirmation screen would show the minimum number of share tokens received. For a sale, it would show the minimum stablecoins received. These are the amounts the transaction must meet to execute. A swap outside the chosen slippage tolerance would fail, though network fees could still be charged.
The October 4 public notice explains why the stock valuation remains a separate comparison. Stock-market data supplies the dollar value displayed in the interface. The swap would execute against a liquidity pool whose asset balances set the price, without an outside stock-price feed controlling execution. The notice specifically flags possible divergence outside the stock exchange's regular hours.
A tighter slippage setting can reject a worse swap, but it cannot pull the pool's quote toward the stock market's price. The estimated dollar gap is what lets the trader judge that quote against the shares' reference value before accepting it.
Source: https://www.okx.com/cdn/assets/files/2610/FA22FC62E8823382.pdf