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So defi is backed by the us stock markets? dstocks

on cake defi would be dnvdia?

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It is not “backed” by the stock market. Defichain is a blockchain, it has created synthetic stocks assets that mirror actual stock in token form. You can read about it here. https://blog.defichain.com/what-are-decentralised-stock-tokens-and-how-do-they-work/

However, it needs oracles, which as explained by @DmgBautista to fetch and sync the external prices into the DEX. This syncing of oracle prices is valid when your open a vault to mint/create the stock tokens through loans and when you pay back the loan. On the DEX itself, when you buy/sell/swap/trade these dStock tokens, the prices will then move according to supply and demand. This is then known as DEX price.

Fair-Smart Автор вопроса
Fair Smart
Does this show up on the company valuations?

It does not. It has nothing to do with the company. It is a synthetic stock representation. Read the link I gave you. It explains what dAssets are and the reasons Defichain created them

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