eigenyield

fee-claim infrastructure on robinhood. long volume, not price.

[eigenyield @eigenyield]

Ten pools on Robinhood Chain are holding fees they have earned and not yet paid out. EigenYield buys the right to that, packages it as one token, and claims it once a day.

CA: 0x98b328e2d4f463042cb1cf4b8e464d96f46cf78c

$EYLD is live.

[eigenyield @eigenyield]

The share price never jumps on a harvest day. It drifts.

A day of collected fees is released into it gradually across the following 24 hours, so depositing in the block before a harvest gets you nothing you did not sit through.

[eigenyield @eigenyield]

Live right now on Robinhood Chain: the basket, the eigen decomposition, the share-price series, the epoch clock and a health check. All open, all without a key.

[eigenyield @eigenyield]

The risk page leads with the way this loses money rather than burying it: a fee stream can be redirected with three days notice, and a quiet chain pays nothing.

Link: https://t.co/FPLUbqlVca

[eigenyield @eigenyield]

Most yield products quote an APR from a spreadsheet. This one publishes the share-price series, the per-epoch harvest and the eigen decomposition behind it at open endpoints, so you can recompute the number yourself.

[eigenyield @eigenyield]

The chain reports fees that are currently unclaimed, not fees earned over a period. So the only honest way to know what a pool produces is to sample that number repeatedly and keep the samples. The site does.

[eigenyield @eigenyield]

If you already hold a launchpad index, you are long the tokens twice: once on price and once on the fees you are not collecting. eYLD is the other half. Hold both and a sell-off in the basket is no longer a straight loss.

[eigenyield @eigenyield]

54 pools scanned on Robinhood Chain. 10 confirmed against the Pons factory as graduated. The gap between those two numbers is the whole reason the site asks the chain instead of trusting a label.

[eigenyield @eigenyield]

The vault never holds a constituent token. Not as a hedge, not as inventory, not temporarily. It holds claims on fees and nothing else, which is the only reason a constituent going to zero does not touch the share price.

[eigenyield @eigenyield]

Everything the vault used to arrive at its number is published at six endpoints: the basket, the decomposition, the share-price series, the harvest clock, and a staleness check.

No key, no sign up. Pull the same data the site runs on and redo the arithmetic.

[eigenyield @eigenyield]

56 pools on Robinhood Chain file themselves as Pons launches. Four of them are in the basket.

Every candidate gets asked four questions and the chain answers them, not a price site: on the factory, past the curve, depth above 12 ETH, no redirect pending.

[eigenyield @eigenyield]

Pons can propose redirecting a token's fee recipient behind a three-day timelock. Any protocol built on those fees can have them cut off with three days notice.

EigenYield does not pretend otherwise. A pool with a redirect pending leaves the basket immediately, and the risk page says so.

https://t.co/1gB9G2nO3g

[eigenyield @eigenyield]

Good morning.

Where the money goes: a harvest pays a tenth to the treasury and the rest into the share price, spread over the following day rather than all at once.

That spreading is deliberate. It stops anyone depositing a block before a harvest and taking the day.

[eigenyield @eigenyield]

Pool fees move together. When Robinhood Chain is busy every pool earns more.

Stack the daily fees into a matrix, take the first principal component, and that shared movement is a single number. It currently accounts for about 46% of everything the fee series does.

[eigenyield @eigenyield]

The fee escrow can only be swept in full, never one pool at a time. Our paper proves the split stays correct anyway.

Five pages, including the one on how this loses money.

https://t.co/KJdiNeezao

[eigenyield @eigenyield]

A Pons pool charges no fee of its own. Its hook takes one percent of every trade and pays a share of that to an address the token's creator can hand to somebody else.

Creators sell that address to the vault, get paid up front, and take it back when the term ends. That is the product.

Link: https://t.co/7MAPUngfhc

[eigenyield @eigenyield]

Here is the crash test. Pick how hard the memes fall, press the button, and watch two vaults handle the same crash.

The one holding tokens drops. The one holding the fee claim keeps harvesting, because a crash is a token's busiest trading day.

[eigenyield @eigenyield]

We have paid the dex listing. Thank you for supporting.

[eigenyield @eigenyield]

https://t.co/QrOCAdMqEp