$uSTOCK is officially live on Robinhood Chain (again). We’re the first permissionless stock distribution protocol powered by a Uniswap v4 hook.
Hold $uSTOCK. Earn real stocks.
CA: 0x9aa218e402c86dd171ef326c95f1b0538b014044
https://t.co/rnrRWBvMNz
(please read our previous tweets).
Going live on X Spaces to explain everything, what happened, how it's fixed, and why the new deployment is secure.
Bring your questions. We'll answer them all, live.
$uSTOCK is moving forward.
Update on $uSTOCK.
We identified an issue where the private key used to call convert() was exposed in the frontend bundle. This allowed it to be extracted and used to drain our liquidity pools.
A mistake overlooked by us during the initial deployment. We take full responsibility for it.
The underlying issue has been fixed and patched. But since the original wallet and deployment can no longer be considered secure, the only choice we are left with is redeploying $uSTOCK from a completely fresh wallet, with a new token contract and a new pool.
The protocol itself moves forward.
An unfortunate setback, but not the end of $uSTOCK.
We identified a contract bug involving liquidity management through the Uniswap v4 PoolManager, which caused the pool to be drained.
Our deployer private key was unintentionally exposed through the frontend. Both issues are being addressed, and we’ll share a full update once the fix is deployed.
This is an unfortunate setback, but it will not stop us.
The beauty of permissionless: it doesn't need us.
$uSTOCK runs on its own, buying real stocks for holders every 5 minutes, forever.
Immutable, trustless, unstoppable.
That's the beauty of it.
$uSTOCK just made its first distributions on-chain. Real stocks, bought automatically, paid to holders, every 5 minutes.
Check your dashboards. This is the first permissionless protocol that turns trading into real stock ownership, running entirely on its own, on-chain.
https://t.co/rnrRWBvMNz
Please read.
The "dev sells" you see on $uSTOCK are not a dev. They're the contract.
Every 5 minutes it takes the fees it collected (from both the buy and sell side), sells them for ETH, and uses that ETH to buy a real stock for holders.
The contract is doing exactly what it was built to do.
You might see $uSTOCK selling on-chain every few minutes.
That's the contract doing its job: taking the 3% trading fee and converting it into real stocks for holders. Every sell you see is a stock being bought for you.
The contract is doing exactly what it was built to do.
A reminder of how $uSTOCK works.
Every 5 minutes, trading fees run through this loop:
1. A real stock is picked at random from a basket of 14 blue chips, eg. Apple, Nvidia, Tesla, Amazon, and more.
2. The contract buys it automatically, on-chain, in one transaction.
3. It's split across holders, pro-rata to your bag. The more you hold, the bigger your share.
4. Your stocks wait in your name until you claim them at https://t.co/rnrRWBvMNz.
Hold at least 10,000 $uSTOCK to be eligible. The best part: you don't have to trust us. It all happens on its own, on-chain, forever.
$uSTOCK runs a two-way fee system, and it's part of what makes it work.
- On every buy, the 3% fee is collected in $uSTOCK.
- On every sell, the 3% fee is collected in ETH.
Both sides feed the same engine: every 5 minutes, the contract converts whatever it collected into a real stock and pays it out to holders.
Buy or sell, the protocol earns you stocks either way.
You might see $uSTOCK selling on-chain every few minutes.
That's the contract doing its job: taking the 3% trading fee and converting it into real stocks for holders. Every sell you see is a stock being bought for you.
The contract is doing exactly what it was built to do.
A truly permissionless system is one where no single person can change the rules, stop it, or take from it.
$uSTOCK is the first token that pays you in real stocks and lives entirely at the contract level. The fee, the 5-minute timer, the basket of stocks, the random pick, the distribution to holders, all of it is written into one immutable Uniswap v4 hook. Nothing depends on us.
Anyone can call convert() to trigger the next distribution. It doesn't wait on us. It doesn't need us at all.
The contract picks the stock, buys it, and pays holders every 5 minutes, forever.
This is how systems should be built. Where no one is in control, and no one needs to be.
How it works:
• Every 5 minutes, a tokenized stock or ETF is randomly selected, purchased, and distributed to eligible holders.
• Hold at least 10,000 $uSTOCK to qualify.
• Distributions come from a basket including Apple, Tesla, NVIDIA, SPY, QQQ, Coinbase, and more.
One token. Continuous stock distributions. Forever.
$uSTOCK is officially live on Robinhood Chain.
We’re the first permissionless stock distribution protocol powered by a Uniswap v4 hook.
Hold $uSTOCK. Earn real stocks.
CA: 0x2beb48cbe0b94698a2a00d439da893c058144044
https://t.co/kZ4bS5xA4T