Quite cool to see tokenized stocks becoming increasingly embedded into DeFi.
It makes a ton of sense being able to use stocks on chain across DeFi and this is now possible on @KaminoFinance.
Still early days with LTVs for these at just 35% but gonna be interesting to see how much traction this market gets over time.
You can read more about how these are priced below:
5/ Kamino's xStocks feeds leverage a novel pricing architecture, developed by @chainlink, that consists of various core features designed to ensure user safety, and the robustness of Kamino itself:
1. Instead of being subject to onchain liquidity conditions, prices for xStocks on Kamino are derived from multiple U.S. equity exchanges—meaning that prices are immune to onchain manipulation
2. Feeds incorporate a real-time market status feed and staleness indicator, enabling Kamino to automatically respond to events like trading halts or market outages
3. To further strengthen price integrity outside regular trading hours, Kamino has introduced a price band mechanism. During low liquidity periods (weekends & evenings where prices are static, pre and post periods where prices are volatile) Kamino accepts prices streamed by Chainlink, provided they fall within a custom % deviation range of the asset price at last market close
4. In an upcoming upgrade, Chainlink will support a new corporate action multiplier developed by @backedfi. This tool includes a timestamp for upcoming corporate actions, and a corresponding multiplier that reflects their expected impact on the assets price
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