0xTodd
0xTodd|Oct 11, 2025 04:07
Reconsideration. I can understand that the original intention of using wbETH and bnSOL as collateral was to mimic the stETH and JitoSOL model. In such cases, it does make sense to use the spot price because there’s third-party risk involved. However, wbETH and bnSOL are self-custodied by Binance, with no third-party risk. In this scenario, applying the formula: Nominal Position Value = Position Quantity x Mark Price doesn’t seem very reasonable. Letting their mark price directly track ETH and SOL brings almost no additional exposure. On the contrary, it could encourage the community to adopt Binance Staking assets more widely, and there’s no need to keep compensating back and forth.
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