Crypto KOL Dachengzi: WBETH, BNSOL and other contract margins should not be read into spot trading pair prices, and the stampede decline could have been avoided

According to Odaily Planet Daily, crypto influencer Dachengzi posted in the community that he previously raised the issue of WBETH risk control during a Binance Square options livestream. His main point was that since Binance already allows WBETH and BNSOL to be used as contract margin, there should be no need to read the price index of the spot trading pair and the exchange rate could be fixed at 1:1.

The reason is simple—both assets are essentially internal to the Binance ecosystem, allowing Binance to mint and burn them. If a problem arises, the risk can be mitigated simply through a redemption cycle. Last night's "stampede-like" decline could have been completely avoided.