You can now pair tokens directly with CS2 skins.
https://t.co/Ra6XBqjuqk is live.
CS2 has one of the largest in-game economies in the world, and we’re bringing it onchain.
choose any supported skin and launch a token paired directly against its market value.
each token is permanently paired with its backing skin, with a price oracle powered by @csfloatcom continuously tracking the skin’s market value to maintain a 1:1 peg.
0xd69f674314ff4032ad828e45205aaa69e01f4066
50+ new CS2 items have been added to the pegging system.
this will continue to grow by the day until the entire CS2 market is tokenized.
that brings the total catalogue to 350+ skins and items that you can launch tokens against and peg directly to their NAV.
So far, 11 different tokens have launched against CS2 skins.
every token is pegged to one skin’s price, and right now 0 of 11 priced tokens are sitting within the ±5% peg range.
the median token is trading at a +77.9% premium to its skin NAV.
early, obviously, but this will grow closer to 100% as time goes on.
Bringing the CS2 skin economy onchain.
some of you don’t realize how good this is because you’ve never traded foreign markets on a chain primarily focused on traditional assets like equities, tokenized companies, and stocks.
this is an entirely new asset class that now gets to exist alongside them.
Robinhood Chain already gives you tokenized exposure to stocks.
now, in addition to tokenized equities, you can launch and trade tokens pegged directly to the NAV of CS2 skins.
🔫
🔥 cs2 market is making a comeback
market cap recovered around $300M over the past week.
🧤 tier-1 gloves: +10–20%
🔪 knives: +7–15%
💎 top-tier FN skins: +5–35%
buff restrictions may be one of the reasons behind the sudden buying pressure.
but is this a real recovery or just another bounce before the next dump? 👀
Pushing a fix for NAV % displaying incorrectly as 100% on some markets.
the underlying peg and pricing data are unaffected, this is only a frontend display issue.
should be corrected shortly.
Pushing a fix for NAV % displaying incorrectly as 100% on some markets.
the underlying peg and pricing data are unaffected, this is only a frontend display issue.
should be corrected shortly.
CS2 has built one of the largest digital item economies in the world.
the skin market is currently valued at roughly $6B+ and generated an estimated $4.2B in trading volume last year, averaging over $11M in value traded every day.
until now, that economy has largely existed offchain.
now you can pair tokens on Robinhood Chain with any skin that has a reliable price.
Please give our docs a quick read:
https://t.co/3Qabssky4x
everything you need to know about the dollar peg, NAV calculations, price feeds, convergence mechanics, fee vaults, and how launches work is covered there.
if you encounter any bugs or have questions, leave a reply below.
we’re still in early development and will continue fixing and improving things as we grow.
Using @csfloatcom as our price oracle for CS2 skins means we can offer tokenized pegs against essentially any liquid skin with a reliable market price.
this opens up an entirely new meta for Robinhood Chain, connecting one of the largest digital item economies in the world directly to onchain markets.
we plan to be the first to accelerate the onchain skin economy and turn CS2 assets into a new primitive for token creation.
https://t.co/yUHJPAaEki
We currently support 300+ different CS2 skins across weapons, knives, and gloves.
new skins can be added as long as they have sufficient market liquidity and a reliable NAV that can be priced consistently across active listings.
the Peg relies on that NAV as its reference value, so thinner or lower-value skins introduce more pricing noise, weaker depth, and a less reliable market for maintaining convergence.
https://t.co/yUHJPAaEki