2025-12-09 08:27:58

Recently, many people have been curious: can those tokens on-chain labeled with US stock names really be considered genuinely tokenized assets? Can they be used as collateral for derivatives in DeFi protocols?

To be honest, most of the "on-chain US stocks" available on the market right now are not strictly real stocks. Even if the platform promises redemption, claims 1:1 pegging, or even shows screenshots of corresponding real positions—while these actions do increase credibility, in essence, they are still some form of certificate or mapping relationship. Compared to the string of stock codes you hold in a brokerage account, their legal status and risk model are completely different things.

This distinction directly affects whether they can serve as reliable collateral. After all, DeFi protocol liquidation mechanisms recognize the liquidity and certainty of assets, not just a "claimed" pegging relationship.

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MEVvictim

· 2025-12-11 01:08

Another trick of "on-chain US stocks" to scam retail investors, anyone who believes in this stuff is really naive --- Basically, it's an IOU, using it as collateral in DeFi? You'll be crying when liquidation happens --- 1:1 peg? Ha, can a screenshot be trusted? Wake up, everyone --- This will eventually blow up, DeFi protocols wouldn't be so foolish --- The legal status of token mapping is different from real stocks, that's correct, but so many people are still being scammed --- Choosing such collateral? Better to just burn the money, at least you can save on gas fees

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alpha_leaker

· 2025-12-10 23:32

You know, I really don't understand these on-chain US stock tokens; they just seem like castles in the air. --- 1:1 peg? Wake up, brother. I've heard this line too many times. --- Using them as collateral in DeFi? Uh... better not, the risk is too high. --- Basically, they're IOUs; they can't be relied upon. --- No matter how many platform screenshots you show, I won't believe it. The legal status is right there. --- This thing is just a mirror image; don't treat it as a real asset. --- You'll see who's truly exposed during liquidation. --- Mapping relationships ≠ actual assets. How can some people still not understand such a simple principle? --- Instead of researching these pseudo-tokens, it's better to look for assets with real liquidity. --- I personally don't dare to touch this kind of stuff; too many pitfalls.

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BrokenDAO

· 2025-12-09 08:54

Sounds like the same old trick—using screenshots and promises to cover up centralization traps. Will DeFi protocols pay for it? No, they value liquidity, not the cost of trust.

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MerkleDreamer

· 2025-12-09 08:43

It's the same old "1:1 pegging" trick—basically just an IOU. DeFi protocols aren't buying it.

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