The hottest rumor circulating in the crypto circle recently is that the next Launchpool of a major exchange might only support participation with slisBNB, and even the weight of slisBNBx could be doubled. It sounds like big news—OTC prices for slisBNB immediately surged, and many people are frantically swapping coins for fear of missing out on a hundredfold opportunity.

But it's worth taking a calm moment to think about this. The rumor itself actually exposes the greediest side of human nature and makes it easy to overlook the strict technical limitations behind slisBNBx.

slisBNBx is not an ordinary token. When you use slisBNB as collateral to borrow, the minted slisBNBx is essentially a rights certificate with non-transferable properties, directly bound to your wallet address. Although Web3 wallets can recognize slisBNBx through snapshot mechanisms and include it in Launchpool quotas, what is the cost? Your asset liquidity is completely locked.

Imagine what would happen if an epic crash at the level of 519 occurs in the market. You would need to repay the debt, destroy the slisBNBx, redeem the slisBNB, and only then sell on a DEX. During network congestion, this process can take quite some time, and slippage on DEXes could cause heavy losses. More troublesome is that changing wallet addresses would also be blocked by this non-transferability.

My approach is this: only generate slisBNBx using those "dead money" that was originally intended to be locked for three years, aiming to capture triple returns. But for BNB used to handle emergencies? No matter how dazzling the stories sound, I wouldn’t follow the trend. Experience in the crypto world tells me that sacrificing asset liquidity for so-called insider information is often the beginning of losses.