alt Hacker News24/7 liquidity and near instant settlement, easier access for international investors, and ability to plug token into other apps and products onchain like Aave lending, providing liquidity, etc.
Replies
alt227 • yesterday at 8:32 PM
> 24/7 liquidity and near instant settlement
Isnt this offset by large taxes when you have to convert your coin back to real currency?
sanex • yesterday at 9:14 PM
To put it simply: easier for Korean day tradeds to yolo their life savings into.
They are permisionless protocols, I don’t see how they can even forbid it. It shows a level of ignorance or ingenuity which I can comprehend.
There are also memecoins which as they rise, buy the underlying stock.
Being totally naive and asking an honest question: who or are they protecting themselves from? These instruments in reality are at most paired assets but most times have nothing to do with the real stock.