1/ Introducing the @xStocksFi Market on Kamino Lend xStocks can now be deployed as collateral on Kamino, enabling users to borrow against SPYx, NVDAx, MSTRx, and more, directly on onchain—powered by @chainlink's bespoke xStocks oracle solution Welcome to a new era for DeFi🧵

2/ Launched by @BackedFi, xStocks provide users with exposure to the value of equities, directly onchain xStock are backed 1:1 by their underlying assets, which itself is held in regulated custodian banks. Dividends on assets are passed onto the xStock user via rebasing

3/ Kamino is becoming the home for xStocks onchain, already offering a seamless way of acquiring xStocks via Kamino Swap—powered by @PythNetwork Express Relay

4/ With today's launch, 8 new assets have been onboarded as collateral on Kamino, with more to come: SPYx QQQx GOOGLx APPLx NVDAx TSLAx MSTRx HOODx Note that Kamino's products are not available to US or UK users

5/ Kamino's xStocks feeds leverage a novel pricing architecture, developed by @chainlink, that consists of various core features designed to ensure user safety, and the robustness of Kamino itself: 1. Instead of being subject to onchain liquidity conditions, prices for xStocks on Kamino are derived from multiple U.S. equity exchanges—meaning that prices are immune to onchain manipulation 2. Feeds incorporate a real-time market status feed and staleness indicator, enabling Kamino to automatically respond to events like trading halts or market outages 3. To further strengthen price integrity outside regular trading hours, Kamino has introduced a price band mechanism. During low liquidity periods (weekends & evenings where prices are static, pre and post periods where prices are volatile) Kamino accepts prices streamed by Chainlink, provided they fall within a custom % deviation range of the asset price at last market close 4. In an upcoming upgrade, Chainlink will support a new corporate action multiplier developed by @backedfi. This tool includes a timestamp for upcoming corporate actions, and a corresponding multiplier that reflects their expected impact on the assets price