What a tokenized-stock pool is
Tokenized stocks are tokens issued by third parties that track a listed share or ETF. Two families have concentrated-liquidity pools we track: xStocks on Solana (for example GOOGLx and SPYx, paired with USDC on Raydium CLMM) and bStocks on BNB Chain (for example GOOGLB and AMZNB, paired with USDT on PancakeSwap v3). An LP in one of these pools holds a mix of the stock token and a stablecoin inside a price range, exactly like an ETH/USDC range. Availability depends on the issuer and where you live.
Live figures from the pools we track
These come from the same data as the pool explorer, read when this page loaded. Each row shows its source and time. Worst day and 30-day move are from the pool's own daily closes.
| Pool | TVL | Vol 24h | LP fee APR | Median-day APR | Worst day | Source |
|---|---|---|---|---|---|---|
| SPYx/USDC 0.10%Solana · Raydium CLMM | $2.1M | $183.9K | 2.6% | 3.3% | 1.3% (27d) | Live 27 Oct, 02:08 SGT |
| GOOGLB/USDT 0.25%BNB Chain · PancakeSwap v3 | $1.2M | $54.3K | 7.8% | 14.8% | 3.0% (29d) | Live 27 Oct, 02:07 SGT |
| GOOGLx/USDC 0.25%Solana · Raydium CLMM | $1.2M | $229.8K | 21.8% | 37.0% | 3.1% (27d) | Live 27 Oct, 02:08 SGT |
| AMZNB/USDT 0.25%BNB Chain · PancakeSwap v3 | $191.8K | $46.5K | 13.9% | 10.4% | 4.4% (29d) | Live 27 Oct, 02:07 SGT |
Market hours and range risk
The pool never closes; the stock does. Overnight news, weekends and earnings move the underlying while US markets are shut, and the pool only catches up when arbitrage reprices it — often in one step. A tight range can be skipped entirely by a single gap, which is why the worst-day column matters more here than for a stablecoin pair. Size the range to the moves the pool has actually shown, not to a normal intraday day.
Impermanent loss vs holding
The math is the same as any concentrated range: as the price falls you are sold more of the stock, as it rises you sell it. Out of range below, you hold only the stock; out of range above, only the stablecoin. Compare against simply holding the two tokens with the impermanent loss calculator, or read impermanent loss, explained.
Fee APR vs net
The LP fee APR above is the fees that reach LPs divided by TVL, annualized from recent trading. Two things push what you keep below it: the protocol's cut of fees (already removed in the column above) and spiky volume, which is why we also show the median-day rate. Then subtract the loss vs holding and gas. Points or incentive programs are not included in these figures. See where APR actually comes from.
How to check your position
Enter your range, entry price, deposit and the fees you collected in the tokenized stock LP check. It compares the position with holding and with keeping the cash, shows the fee break-even band, and stresses the next market-open gap.
FAQ
What happens if the stock falls below my range?
The pool sells your stablecoins for the stock all the way down the range. Below it you hold only the stock token, bought at an average price above the current one, and you stop earning fees.
Why can a tokenized-stock range be skipped in one step?
The pool trades around the clock but the underlying stock trades in US market hours. News and earnings outside those hours reach the pool when arbitrage reprices it, often in one jump, against the LPs.
Is the APR a DEX shows what I will earn?
Not necessarily. A displayed APR usually annualizes recent fees on in-range liquidity. Part of the fee can go to the protocol, and points programs can make volume spiky. DefiLPKit shows the LPs' share and the median-day rate separately.