《The B-Side of bStocks: Not a Better Nasdaq, but a Path to Pricing Power with Perp》 (Author: @agintender) Binance uses Perp for initial pricing, while bStocks provides holdable stock inventory and error correction; together, they form the core structure for weekend price discovery. Research shows that Perp generates candidate prices, bStocks stores inventory and converts it into assets, Borrow enables inventory liquidity, and the four elements collectively achieve cross-market spread management and risk hedging, facilitating a mechanism where post-market prices gradually align with opening prices. Read the full article: https://www.(wublock123.com)/articles/article-59432