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https://seekingalpha.com/news/3680926-binance-launches-tradable-stock-tokens-kicking-off-with-tesla-token https://seekingalpha.com/news/3680926-binance-launches
by base698 5y ago
https://seekingalpha.com/news/3680926-binance-launches-tradable-stock-tokens-kicking-off-with-tesla-token https://seekingalpha.com/news/3680926-binance-launches-trada...
Liquidity for things that don't normally have liquidity.
Example: like wrapped Bitcoin, you could create wrapped Wine. Say you've got $1 million in a wine cellar. Create a wrapped token which allows you to use it as collateral or provide it to a liquidity pool to generate revenue.
Now your wine is earning you interest. Something like this may already exist...
Same for Tesla stock above. Now that a TSLA token exists you could provide to a pool for interest since it doesn't pay a dividend.
- lxgr 5y agoCommodities and future contracts on them have been around for a while now.
- base698 5y agoOn your wine cellar?
- selectodude 5y agoGoldman Sachs did it years ago. https://www.businessinsider.com/goldman-accepted-fine-wine-as-collateral-2013-6 https://www.businessinsider.com/goldman-accepted-fine-wine-a...
- graeme 5y ago> Now that a TSLA token exists you could provide to a pool for interest since it doesn't pay a dividend. Explain further. Why would you be able to have the benefits of owning wine or TSLS and also earn interest on it. That’s your cake and eating it too. There must be a risk element to the liquidity pool. What risk exposure are you taking by depositing TSLA stock there that you can’t get through normal finance?