What is a same-stock LP pool?

What is a same-stock LP pool?

A same-stock LP pool is a liquidity pool where both tokens track the same stock but come from two different issuers, such as TSLA (Backpack Securities) and TSLAx (xStocks) on Solana. Traders swap between the two versions, each swap pays the pool fee, and liquidity providers (LPs) collect those trading fees while their range is active.

Which tokens get paired in same-stock pools?

Same-stock pools pair one issuer's token with another issuer's token for the same share.

• Solana: a Backpack Securities token with the xStocks token, for example SPCX/SPCXx, TSLA/TSLAx or MSTR/MSTRx, on Raydium CLMM or Meteora DLMM.
• Robinhood Chain: a Robinhood stock token with the Ondo Global Markets token, for example NVDA/NVDAon, on Uniswap v4 pools that use a reviewed StablePairHook.

The live list of pools SoFinance supports is on the pools page.

Why does a same-stock pool trade near 1:1?

A same-stock pool trades near 1:1 because both tokens represent the same share, so neither should be worth much more than the other. Small premiums and discounts still appear when one version has more buyers or is easier to redeem, and those gaps are what swaps close. Because the price moves in a narrow band, LPs can use tight concentrated ranges.

How do LPs collect trading fees in a same-stock pool?

LPs collect a share of every swap fee in proportion to the liquidity they have active at the current price. In concentrated-liquidity pools you choose a price range; your position collects fees only while the pool price is inside it. The fee tier (for example 0.01% or 0.05%) is set by the pool, and fees depend on volume, not on the stock going up. Fees not guaranteed.

How is a same-stock pool different from a stock/USDC pool?

A same-stock pool pairs two versions of one stock, while a stock/USDC pool pairs a stock with a dollar token. In a stock/USDC pool the relative price moves every time the stock moves, so impermanent loss and out-of-range time are usually larger. In a same-stock pool the relative price stays near 1:1, but your position still holds stock tokens, so its dollar value moves with the share price.

Is a same-stock LP pool risk-free?

No, a same-stock LP position can lose money. The position's value moves with the stock price; a premium or discount between the two issuers causes impermanent loss; out of range it collects no trading fees; and token issuers can freeze Token-2022 tokens. Smart contract and network risks also apply.

What does SoFinance do for same-stock pools?

SoFinance is a self-custodial tool that finds same-stock pools, suggests a range and opens, compounds and withdraws positions from your own wallet. SoFinance scores 4 range presets (Micro, Tight, Standard and Wide) on the last 7 days of fee data for the amount you enter and highlights the one with the highest estimated fee APR; you can pick another preset or type a custom range. There is no auto-rebalance: if the pool price leaves your range, the position collects no trading fees until the price comes back or you withdraw and open a new range. One-click compound is available for Raydium and Meteora positions on Solana; Robinhood Chain positions have no compound. SoFinance takes zero performance fee and charges 0.10% only when it swaps for you.