Haotian|6月 25, 2026 07:06
The previous article shared the value and significance of bStocks as the underlying infrastructure for @ BNBCHAIN ecosystem tokenization assets. However, the question now is, how can DeFi protocol projects in the BSC ecosystem seize the narrative innovation opportunities brought about by bStocks infrastructure upgrades? Let's explore the practical plan of @ UnitasLabs' "Coin Stock Market Maker":
1) After completing the previous popularization, bStocks can be regarded as a set of trusted and programmable protocol standards for integrating TradFi assets into DeFi application scenarios. DeFi projects in the BSC ecosystem can seamlessly integrate TradFi assets into DeFi's on chain financial scenarios such as mortgage lending and liquidity provision based on bStocks.
And Unitas Labs is an on chain revenue infrastructure project on BSC, with the goal of making stablecoins an automatic interest generating tool. Unlike Circle, Tether and other stable currency manufacturers, which simply rely on buying US treasury bond to take off chain coupon, Unitas automatically earns about 20% of the annual income of the stable currency held by users by taking market basis and capital rate and rich on chain native game playing methods through pure chain and combinable Delta Neutral strategy.
2) The neutral strategy of Unitas Labs was originally based on the combination of JLP and perpetual contracts at @ solana. Simply put, the user's stablecoin deposit will be invested in JLP and other positions by the Unitas protocol to earn commission or asset appreciation income. At the same time, short positions in perpetual contracts will be opened equally to hedge against price fluctuations. Unitas seized the steady growth opportunity of Solana MEME season and relied on JLP and other ecological heat to capture value at this stage.
At that time, the MEME coin frenzy period brought Jupiter a daily trading volume of billions of dollars, as well as a dividend period of rising LP fees. At the same time, on the Delta Neural hedging end, in the high volatility environment of the bull market, long positions were more willing to pay high capital rates to short positions, so Unitas' hedging short positions could steadily earn a portion of the capital rate premium.
However, during the entire bearish cycle of Crypto, this strategy may not work as well. But as an on chain income project that does not rely on pure TradFi wealth management, it can always find opportunities in complex on chain environments, which is why bStocks is a new strategy for obtaining interest opportunities at the bottom level;
3) How should we proceed? Unitas is no longer limited to pure encrypted native liquidity returns, but instead leverages the opportunity of bStocks to move US stock tokenized assets onto the chain, incorporating real US stock equity assets into the underlying layer that can generate stable returns.
Specifically, when users deposit stablecoins, the Unitas protocol will allocate the funds to the bStocks spot end and establish equivalent short positions in the perpetual contract market to hedge against price volatility risks.
At present, there are two feasible prerequisites for doing so:
1. Binance and other US stock tokenization platforms are still in their early stages, and the liquidity depth of on chain spot assets is relatively thin, with limited available targets. Coupled with the popularity and attractiveness of Pre IPO, most users still choose the perpetual contract channel when trading US stocks. This will inevitably lead to strong bullish forces in the perpetual market and willingness to pay higher capital rates, providing a prerequisite for Unitas to hedge short positions and capture capital premium rates;
2. BStocks, as a standard BEP-20 asset, has supported participation in real lending through FPSL (Stock Lending Mechanism). When there is a borrowing demand for bStocks assets in the market, additional stock lending interest will be generated, which will further increase the source of income;
So, based on the new bStocks underlying framework, Unitas has a comprehensive source of on chain income, including spot US stock holdings, perpetual fund premium rates, and loan interest income. Compared to the strategy of relying on Solana JLP's single ecosystem heat in the early days, this arbitrage opportunity based on the trend of real US stocks and tokenization platforms is more in line with the business expansion possibilities of DeFi protocols on the chain now.
The above.
Transforming from an on chain revenue infrastructure to a new generation of bStocks based "cryptocurrency market makers" not only provides protection for unstable revenue sources by adding new revenue sources, but also serves as an early liquidity provider for the bStocks ecosystem, which helps accelerate the integration of bStocks in TradFi equity assets and DeFi protocols.
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