why
@native_fi is one of the best pieces of infra
@bnbchain has for tokenized stocks
- what is a CLOB in simple words
buyers and sellers post limit orders, matched by price then time - the exact mechanism nasdaq and every major CEXs runs on
- why BNB chain benefits from this
native's RFQ layer brings that CLOB's liquidity directly onchain to BSC - so BSC doesn't need its own CLOB to get CLOB-quality execution
an AMM prices you off a formula, the bigger your order the worse your fill. RFQ just matches you to the best price directly, especially on size - exactly where AMMs on this chain fall apart
- the data
i took every order over $10k on BSC over the last 30 days and matched each one to the real nasdaq mid at that second
median distance by venue:
native RFQ: 6.17 bps
pancakeswap v3: 8.44 bps
uniswap v3: 19.37 bps
pancakeswap v2: 26.04 bps
uniswap v4: 30.53 bps
native executes 3-5x closer to the real nasdaq price than the AMMs at the same size
93.8% of all matched orders landed within 25 bps of the actual stock price
just use
@native_fi and buy stocks on
@bnbchain