

Dive Into DeFi: Amazon, Tesla, Google, and Netflix Have Entered The Chat



Earlier this week, PancakeSwap announced mAsset trading and farms in collaboration with Mirror Protocol. This will allow users to trade synthetic Tesla, Amazon, Netflix, and Google shares.
Unlike most of my Dive Into DeFi articles, this one will include a little news.
Synthetic stocks are coming to BSC.
To me, this has been a long-awaited event; one that I am particularly excited about. Before I explain my excitement (It goes beyond the incredibly convenient proposition of trading stocks with the instant settlement, 24 hours a day, 7 days a week), I will first cover the news.

Earlier this week, PancakeSwap announced mAsset trading and farms in collaboration with Mirror Protocol. This will allow users to trade synthetic Tesla, Amazon, Netflix, and Google shares. The farms will be paired with UST. For more details, the announcement can be found here. I suggest reading the announcement in its entirety to get all the details.
Synthetic Stock Market Never Closes
This is exciting. The news broke while we were having a BSC.News call, and I’m pretty sure I was mentally absent for the rest of the meeting. I couldn’t stop thinking about the possibilities that are likely on the way. We are finally seeing something real and tangible. Okay, it’s not real stock, but a synthetic version of the real thing, creating an entirely new marketplace that operates open and freely, around the clock. I believe that instant settlement of assets 24 hours per day will be an incredibly powerful driver to the expansion of DeFi.
DeFi With Stocks

The synthetic stocks being introduced by Mirror won’t be limited to UST LP pools on PancakeSwap. They are quite literally limited to nothing.
Want to lend Amazon stock to earn interest? I bet you’ll be able to do that.
Want to borrow Tesla stock against your Bitcoin collateral? Seems a bit degen, but it’ll probably be possible.
Trying to earn trading fees from LP stock positions and compound with ease? Well, that starts this week.
Will you be able to compound your synthetic stock positions in yield optimizers? I don’t see why not.
First, users will be able to farm Cake right out of the gate this week using stock/ust LP pairs. Just to say it out loud, again, we’ll be able to earn cake with Amazon liquidity. Tesla liquidity. Google liquidity. Netflix liquidity. This is the point of everything that has been built up to today.
I’m not sure I can put enough bold font in this week’s article to express the excitement I’m feeling from this DeFi innovation. I think what is being released will just be the beginning, and new opportunities and assets will become available quickly. I plan to watch the synthetic stock sector closely and take advantage of the new yield farming possibilities to come.
Cheers to Mirror Protocol and PancakeSwap for bringing more innovation to BSC.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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Terraform Labs Founder Do Kwon Appeals Extradition Decision in Montenegro

The appeal will be reviewed by the Montenegro court, and the Montenegrin Ministry of Justice faces challenges in reaching a conclusive decision by the December 15 deadline.
Kwon Do-hyung, the founder of Terraform Labs (TFL), has filed an appeal against the recent extradition ruling made by the High Court of Podgorica in Montenegro, according to a local South Korean media outlet.
The Montenegrin Court of Appeal confirmed on December 6 that Kwon Do-hyung contested the decision, stating, “I do not accept the court’s decision to extradite me, so I do not submit to the court’s decision.”
This appeal prompts the Montenegrin Court of Appeals to reassess the extradition decision, introducing uncertainty into the resolution timeline.
Extradition Request and Timeline
The court initially approved Kwon’s extradition request on November 24, stipulating his transfer to either the United States or his home country, South Korea.
The current appeal has altered the decision-making timeline, making it challenging for the Montenegrin Ministry of Justice to finalize the extradition destination before the December 15 deadline.
During the extradition trial, Kwon expressed a preference for being extradited to South Korea, a request that was granted by the court. However, the appeal has extended the timeline, potentially rescheduling the extradition proceedings to January, according to Crypto Times.
Despite Kwon Do-hyung’s appeal, local observers in Montenegro suggest slim chances of overturning the extradition decision. A prevailing belief among Montenegrin government officials and judiciary figures is that Kwon’s continued detention attracts undue attention.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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