Glad to see that Ethereum L1 will have a new strong prediction market contender that is dedicated to decentralization, and being ethical and not corposlop, and to actually trying to do interesting and meaningful things with this class of economic primitive.
https://t.co/Rj86ZJl3G4
Too early is the only time you can build a category... Stocks are on chain now, Robinhood keeps adding them, and the yield inside them is sitting there. I'd rather be the market that's already running when the crowd turns up than building when someone else already has the monopoly.
The other three aren't yield plays and I won't pretend they are. SPY, QQQ, AAPL are collateral and index exposure. Post pSPY, borrow at under 1% today. Pfizer's the dividend trade. Our first series that pays monthly is next, once we see it go through the Oracle.
Thin liquidity, agreed.. that's what Merkl's for. 100 USDG a day into a $12k pool fills it before demand lands, that's a serious return for whoever's in it right now. Then the app brings in people who've never held a wallet. And once demand's there it's mechanical: campaigns on each series as it goes live, treasury seeding every new pool, fees plus rewards pulling in outside LPs the same way they're pulling in the first ones now.
Appreciate your responses
Let me sell you PARE in a few paragraphs.
Every stock is coming on chain, whether Wall Street likes it or not. Robinhood is doing it now. When they do, every one of those shares carries a dividend nobody can do anything with. That's the biggest untouched yield in crypto and it's sitting in wallets doing nothing.
We built the market for it. First four stocks are live. The rates layer for tokenized equities is a category, and we're standing in it before anyone has noticed it exists.
Why you use it: your Pfizer pays 6% a year. Sell the dividend today and keep the shares. Or buy the share at a discount and lock 6% fixed, on chain, no leverage, no lockup. Stocks have never been able to do this. Now they can, and it's a simple click.
Why you add to the LP: a pool that pays 0.3% of every trade plus 100 USDG a day (currently running in our Merkl campaign), split between a handful of wallets, on a chain that's about to get every ticker Robinhood lists. You are early in the way people say they wish they had been.
Why a startup: because the big guys can't move like we can. Brokers can't build derivatives on the stocks they list, the big yield protocols are built for crypto yield, and banks only do this for institutions in size. That leaves the door open, and small teams walk through doors. We shipped a pool, an audit, ETH routing and a listing in a few weeks. Coming: a second audit starting the 23rd, then our first series that pays every month, then an app your Gran will be able to use. We're a small team that ships daily on a chain that's growing weekly, in a category with no ceiling.
Every stock. Every dividend. One rates market. We're building it in the open, and it's live now.
https://t.co/N5QgFT21Z1
Today we're putting Merkl rewards on the pPFE/USDG pool.
The goal is depth. A deeper pool means a tighter price for anyone buying a fixed rate on Pfizer, a real exit for lenders and launches that use pPFE, and swap fees that keep LPs here after the rewards stop.
Paid in USDG, not a farm token. The reward rate shows on the page next to the 0.3% fee within a few hours.
https://t.co/uBcvM4AMac
Stablecoins can now buy a fixed rate on Pfizer in one swap. pPFE trades against USDG on Robinhood Chain as of today: about 6% a year, locked to 31 Dec 2027, and a dollar exit for every pToken use that was waiting on one.
Read below! https://t.co/Fyc3OPyI0C
16 hours since the audited contracts went live. Where we're at, all on chain, treasury excluded:
$39.5k of stock split · 47 splits · 22 wallets
$11.5k of liquidity from 7 wallets that aren't us
43 swaps across 20 pools
First outside lender and first outside borrower on pSPY / USDG
Also live: every fixed, yield and lending rate on one page, straight from chain. Someone said they couldn't find the APR. Now you can't miss it.
https://t.co/Ps2lkSuEYP
What's next, and it's already built:
pPFE / USDG. A dollar pool for the fixed-rate token. Buy 6% fixed on PFE with USDG in one swap, or LP it: your PFE gets split, the pPFE goes in the pool as a normal position, and the yPFE lands in your wallet to sell today or hold to Dec 2027. Same exposure as a PFE/USDG position, with the dividend leg as its own token. Opening this week.
Write-up on what a pToken pool unlocks for the chain and for us coming later today.
robinhood:0x15d36b6a28d8327abc7afabf0f106ae2c9af5c4d's audit is officially complete!
It's one of the only projects on RH to go through a full audit, and it was done by one of the most respected names in the space.
I sleep well holding this bag knowing it's fully audited, building a new primitive around tokenised stocks, and has high potential to receive support from Vlad and Robinhood as the eco grows.
You're essentially getting exposure to an early DeFi primitive built around tokenised stocks, right as the entire narrative is starting to take shape.
Price been bottoming out over the last ~10 days and seems like it wants to leg up again soon.
Looking like a 9 figure coin in the making.
Day one of the audited build.
The contracts Pashov reviewed are now the contracts that are live, verified, and already holding around $70k of treasury stock across eight new pools. pSPY, ySPY, pAAPL, yAAPL, pQQQ, yQQQ, pPFE, yPFE.
Lending is open. $10,000 of USDG in the pSPY market on Morpho. Post pSPY, borrow against the S&P 500, from any wallet.
And it's not just the treasury any more. You can add to any of the eight pools and earn the swap fees. You can lend USDG into the market and earn the borrow rate. Your money, alongside ours, on the same audited contracts.
Four new series out to December 2027. Fifteen months of dividends in every yield token. Caps raised across the board.
Nine accountants running the oracle. Free for anyone to read.
$80k deployed today. Everything tested before this went out.
Pools are open. Lending is open. Go split something.
Some Spicy Flow next to come with @spicenetio 👀
So much more in store, we are just warming up!
https://t.co/N5QgFT21Z1
The time we have been waiting for!
Audit complete.
Pashov Audit Group went through every line of PARE. 41 findings. 0 critical. 0 high. Every medium and low fixed and re-reviewed by the auditors. Full report below:
https://t.co/Icr0sgiFc2
Huge thanks to @PashovAuditGrp and the team. Eight researchers, three days, and they found things we'd never have caught ourselves. That's exactly what you pay an audit for.
The fixes are already written, re-reviewed and sitting in the deploy queue.
Starting now and over the next few days:
→ The audited contracts go live on mainnet. New vaults, new accountants, new oracle, all verified on chain.
→ Series caps come off.
→ The treasury goes deeper into the pools. More liquidity on every series.
→ Lending opens to everyone, and pSPY won't be the only market.
→ New series. More tickers, and for the first time, one that isn't a stock.
→ Spice Flow goes live. Any chain, any wallet, one click into a split stock.
Two months ago this was an idea. Now it's audited infrastructure on the fastest-growing chain in crypto, with the only oracle that can tell a dividend from a split.
https://t.co/N5QgFT21Z1
NVDA's stock token multiplier just moved. 1.000000 to 1.000775.
Nothing in the token says why. Dividend or split, it's the same number moving.
Our accountant picked it up the same day. It watches every stock token, measures the move against a tight band, checks it isn't a clean split ratio, and stamps the answer on chain. Dividend. Anything ambiguous gets refused, handed to a guardian, and sits through a public delay before it counts. Every classification is public and any protocol on Robinhood Chain can read it for FREE.
That's the oracle. Here's why it matters for lending.
Lend against the raw token and you answer "dividend or split?" on every tick. Call a split a dividend and you pay out income that doesn't exist. Miss a split and a 2 for 1 looks like a 50% crash, and every borrower gets liquidated on a stock that never fell.
pTokens don't have that problem. pSPY, pAAPL, pQQQ, pPFE. The vault reads the oracle, classifies the event and folds it before you ever see it. What's left is a claim on one share at a fixed date, no dividend inside it, that climbs to par and can always be merged back into the stock.
Price only. Known date. Hard floor. That's what collateral is supposed to look like.
The oracle is live for everyone.
https://t.co/PlH4Z1QF6F
How to get rich this cycle?
Simple:
Invest in and hold tight to those brand-new DeFi protocols on RHC that are building entirely new on-chain equity primitives that will be the new money legos of the tokenized stock DeFi ecosystem
RHC has gone from 0 to ~1B in onchain equity assets in just 2 months.
What the fuck do you think will happen over the next 12 months?
Explosive, monumental, exponential growth is what happens.
And what do you think happens to those brand-new DeFi protocols positioned right in the center of this narrative storm, building out the new-money legos around on-chain equities?
Yeah, I'm feeling very fucking good about my robinhood:0x15d36b6a28d8327abc7afabf0f106ae2c9af5c4d and robinhood:0xc4f730335fb9e439ca5552f7b52b8e638c4245b0 bags.
Both can be the next 9-figure DeFi protocols on RHC. I expect a LOT of attention coming to these once they go live to mainet and start building markets around their new DeFi primitives.
Quick audit update: As a lot of people have been asking, the final review is done, every finding answered and fixed, and Pashov's final report is being written up for public release.