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 a post by crypto influencer Dachengzi in the community, he previously raised the issue of WBETH risk control during a Binance Square options livestream. His main point was: since Binance already allows WBETH and BNSOL to be used as contract margin, there's no need to use price indices from spot trading pairs; the exchange rate could simply be fixed at 1:1. The reasoning is simple—both assets are inherently Binance ecosystem assets, allowing Binance to mint and burn them. If any issues arise, a simple redemption cycle is all that's needed to mitigate the risk. Last night's "stampede-like" decline could have been completely avoided.