Stock token tech
xStocks on Solana — amounts, display, and reference pricing.
Amounts times reference price. Nothing else.
Token shape
| Field | Value |
|---|---|
| Assets | xStocks — 1:1 backed tokenized US equities (SPL) |
| Availability | 60+ tickers, freely transferable once held |
| Reference price | Session-aware equity feeds |
| Price basis | One price per session state — never mixed |
Rules
amount = stored basket amount // fixed at creation
price = reference price // per session state
valueUsd = amount * price
display = amount // display only, NEVER priced twice
redeem = floor(stored * shares / supply) // no oracle readNever do this
Never price a row whose session is closed. A closed session means no live price exists — show the stale badge and keep the amount visible.
Redeem
- No oracle read at redeem time.
- Round down in favor of the basket.
- Only approved participants can mint and burn at primary; basket shares mint and redeem via the vault.
Execution
Aggregated Jupiter routing is primary. Pools for stock tokens are thin and a whole-view quote is priced before anything moves.