Will the future of Wall Street be on-chain in DeFi? According to Nasdaq, there's a high probability, given its partnership with xStocks: a tokenized stock infrastructure developed by crypto exchange Kraken together with issuing company Backed, with the goal of bringing traditional stocks to the blockchain while maintaining a direct link to the underlying shares. In this model, each token represents 1:1 a real share held in custody, typically through a dedicated special purpose vehicle (SPV) that purchases and holds the securities on traditional markets. The goal is to enable the global distribution of tokenized versions of Nasdaq-listed stocks and ETF, while maintaining rights such as dividends, corporate actions, and proxy voting.
HOW DOES IT WORK?
When an investor buys an xStock token, a corresponding token is minted 1:1; when they sell it, the token is burned and the value of the underlying share is liquidated. Technically, xStocks are designed as assets that can be used not only for trading but also as collateral in DeFi. The system enables near-instant settlement and 24/7 active markets, overcoming the time and infrastructure limitations of traditional stock markets.
The first significant blockchain integration was with the Solana ecosystem, where xStocks can be traded and used in DeFi protocols. The infrastructure was subsequently designed to expand to other networks, including environments compatible with Ethereum and other EVM chains, via an on-chain trading layer called xChange that enables cross-chain interoperability.
XSTOCKS AIRDROP + GOVERNANCE TOKEN
xStocks is launching a points campaign that will likely lead to an airdrop (proportional to the points accumulated). Airdrops are simply free tokens that you can then sell for $BTC, $ETH, $SOL, other stocks, or fiatcurrency.
What is the difference between traditional stocks and those in DeFi?
- Traditional stocks: you buy with KYC, you are exposed to the price + dividends + broker fees and that's it.
- xStocks in DeFi: buy without KYC, you're exposed to the price (1:1) + dividends, no fee, 24/7, you can earn a percentage of interest and points for future xStocks airdrop (hundreds/thousands of dollars).
How do I get points?
1) Activate the points boost (20% for early adopters): xStocks (DeFi).
You can start accumulating points by buying it on Solana.
2) Decide when you want to invest (let's say $505), buy $505 worth of $SOL on Binance, Bybit, Coinbase, Kraken, Crypto.com (or any exchange) and transfer it to your wallet at Phantom.
3) Connect your Phantom wallet on Jupiter, swap you favorite stock (search for xstocks in the Jup search bar), sell $500 worth of $SOL for $500 worth of NVDAx (example). Leave a few dollars of $SOL to pay the gas fees ( < 0.0001$ ).
Now you can:
4) Hold this stock in your Phantom wallet.
5) Providing liquidity in Raydium pools (search for your xStocks, for example, NVDAx or TSLAx, at Raydium. If you choose the NVDAx-USDC pool, you'll need to deposit about 50% NVDAx and 50% USDC, for example, $250 and $250. If you choose the NVDAx-TSLAx pool, the same applies. Choose your preferred pool and then "deposit", in reality it is not exactly the same percentage, it is around 53-47% or 54-46%, in any case read what the pool requires of you. Use Raydium swap or return to Jupiter to buy USDC or the other stock to complete the pool).
6) You can also deposit on Kamino (simple lending). "Supply" to deposit your xStocks, or "Borrow" to borrow them (after depositing collateral. For example, you deposit $300 and borrow $130).
DEGEN Strategy: You could buy your favorite xStocks on Jup, then deposit on Kamino, borrow another xStocks on Kamino and go deposit LP on Raydium.
I believe that each activity (holding in Phantom Wallet, LP on Raydium, lending on Kamino) will yield different points. In my opinion, LP on Raydium+ lending su Kamino will give you more points than holding in your wallet. The future of traditional finance is definitely on-chain and here you have a great opportunity not only to practice but also to earn free tokens (airdrop) with all the benefits of DeFi (no KYC).
Are you interested in ways to earn crypto bonus? Check it out here: Some Sites To Earn Crypto Bonus (Old & New)
