The SBF token is used to operate StonkBase’s dispute resolution system, known as the Data Verification Mechanism (DVM). Owning SBF gives you the ability to contribute price information to the DVM and govern the StonkBase protocol.
There is an incentivized SBF-ETH pool on Uniswap here. …
StonkBase totally decentralized Ethereum protocol for creating and trading synthetic stocks. StonkBase is now offering rewards the StonkBase $SBF Voting Token for Yield Farming synthetic Tesla (TSLA) stock. You can currently earn up to 912% APY.
This article has been updated. See here: https://stonkbase.medium.com/how-to-yield-farm-tsla-stock-on-ethereum-with-stonkbase-7bbda4bfdbbb
For more info please see https://stonkbase.org/
The protocol is based on UMA, whose censorship resistant DVM “oracle” system is most suited a group of people to agree on the price of a stock (or anything else), without relying on centralized API.
The synths are similar to cash settled futures, which means they will have an expiration…
