In listening to the past AMA’s I have heard that stock tokens have been one of the things that will come to the Sovryn platform. IMO, now would be a great time to move in that direction. With the recent closure of stock tokens from Binance and now Uniswap has censored it’s front-end access to these types of tokens (Is Uniswap really Defi? how does this happen?). I think for advertisement and bringing more people to the dapp, this controversial type of token would expose a lot more people to sovryn. Looking to get other opinions and see maybe how far we are away from this. I believe it’s already possible to bring over most types of tokens. Thanks.
It’s a “maybe” in this quarter’s roadmap.
I would prefer exposure to blue-chip altcoins over stocks, and believe most traders would agree with me.
Uniswap and all other platforms already have several shit coins.
Stocks are collectively a larger, more established market that is effectively non accessible in a reputable way in a DeFi way.
This would make Sovryn stand out in a big way.
What about a stock index token? This would attract a lot of traders who aren’t interested in specific stocks but in the market as a whole. It would also be easier to manage than a laundry list of individual stock tokens. Particularly in the US, margin trading on stock index futures is extremely limited by regulatory fiat. I have searched the internet and have been unable to find an example of this or even a discussion of it. The only thing close to this that I’ve seen is a token for a crypto index. Sovryn could be the first to the table with a stock index token and draw users in from traditional finance who are looking for ways around the restrictive regulations that apply to traditional brokerages and exchanges.
An index could be very interesting, I agree. More practical than individual stocks.