WOOFi lists NVDAB, first PropAMM for tokenized stocks
WOOFi has launched stock and ETF trading on BNB Chain and is now providing liquidity for NVDAB, a tokenized NVIDIA stock, via its PropAMM — which WOOFi says makes it the first onchain market maker for tokenized stocks. Prices are streamed through a custom oracle and tradable permissionlessly 24/7, with other wallets and aggregators able to tap into the same liquidity.
- bStocks are fully backed by real US shares held with regulated custodians, and holders can receive corporate actions like dividends and stock splits.
- Users can trade 400+ tokenized US stocks with zero fees and full self-custody.
- WOOFi notes it has quoted prices onchain since 2021, previously on Ethereum L2s, and chose BNB Chain first for stocks due to its leading volumes.
Sources
- WOOFi is the first PropAMM providing liquidity for tokenized stocks via an onchain market maker. Prices are streamed via a custom oracle and are fully tradable, permissionlessly, 24/7. Other wallets and aggregators can tap into WOOFi liquidity too. https://t.co/yLlMpYQ3vS Replying to their earlier post: WOOFi is now providing liquiding for NVDAB - a tokenized stock issued on @BNBCHAIN They can be traded 24/7 on WOOFi and can even receive corporate actions like dividends and stock splits. bStocks ar…x.com ↗
- WOOFi Swap has been providing liquidity since 2021, previously on Ethereum L2 networks. By quoting prices for stocks directly onchain, WOOFi has a massive market to expand into, with BNB Chain being the first due to their leading volumes. Learn more: https://t.co/vIA2NQ6FJy Replying to their earlier post: WOOFi is the first PropAMM providing liquidity for tokenized stocks via an onchain market maker. Prices are streamed via a custom oracle and are fully tradable, permissionlessly, 24/7. Other wallets…x.com ↗
- WOOFi is now providing liquiding for NVDAB - a tokenized stock issued on @BNBCHAIN They can be traded 24/7 on WOOFi and can even receive corporate actions like dividends and stock splits. bStocks are fully backed by real US shares held with regulated custodians. $NVDA https://t.co/v0cJkZHsk8x.com ↗
- Stock and ETF trading is live on WOOFi. Trade 400+ tokenized US stocks with zero fees and full self-custody. Take your stock trading 24/7 now on @BNBCHAIN https://t.co/wsPTnx16DYx.com ↗
- Try it out: https://t.co/ok2OC9DNO1 Read the full article: https://t.co/02xxplWeBF Replying to their earlier post: Stock and ETF trading is live on WOOFi. Trade 400+ tokenized US stocks with zero fees and full self-custody. Take your stock trading 24/7 now on @BNBCHAIN https://t.co/wsPTnx16DYx.com ↗
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