Robinhood is putting real stocks on-chain. Fletch makes them do more.
We take Robinhood Chain stock tokens and split each into two: a value token and a dividend token. Hold the value for a fixed yield, or trade the dividend on its own.
It's the natural next layer for Robinhood's RWA push. Robinhood tokenizes the stock and pays the dividend early. Fletch turns that dividend into a tradeable, on-chain asset.
Real equities, real yield, fully on-chain.
https://t.co/hKnzaQsMMH
Love this. Robinhood pays your dividend 17 days early.
Fletch makes the dividend tradeable.
On Robinhood Chain, we split a tokenized stock into a value token and a dividend token, so you can cash out future payouts today or trade the yield directly.
Same direction, on-chain.
https://t.co/hKnzaQsMMH
With Early Dividends, you can eligible get your dividends dropped into your account on average 17 days prior to our competitors. One more way in which you're at a disadvantage using any other broker. Our dividend hounds are gonna love this. Recently, we've also started paying out competitive APY on options collateral, which are nice for our options traders.
There's plenty more we haven't announced ... team is cranking!
Fletch is bringing real-world assets on-chain, starting with stocks and their dividends.
We split a tokenized stock into two tokens: one for its value, one for its dividend.
Hold the value for a fixed yield, or trade the dividend on its own.
RWA, but for equities.
https://t.co/hKnzaQseX9
Robinhood pays your dividend a month early. Fletch makes the dividend tradeable.
On Robinhood Chain, we split a stock into principal + dividend tokens, so you can cash out future payouts today, lock a fixed yield, or trade the payout.
Two halves of the same idea.
https://t.co/hKnzaQseX9
We’re building the on-chain layer for exactly this.
Fletch turns Robinhood Chain stock tokens into fixed-yield and dividend tokens, so the dividend can be traded, not just received early. Live on mainnet, 25 markets deployed.
https://t.co/V8VuGKbhUW
Great to see dividends getting attention.
We’ve been building in the same direction on Robinhood Chain. Fletch splits a tokenized stock into its principal and its dividend, so the dividend becomes a tradeable asset.
You can sell your future payouts for cash today, lock in a fixed yield, or trade the dividend directly
https://t.co/OzarO8LMvF
Introducing Early Dividends ⏱️
Get your dividend payments up to a month early. Eligible equities only, exclusively on Robinhood.
Coming soon. https://t.co/gc0palpBoU
$Fletch Day two.
The contracts are on Robinhood Chain mainnet: the core, the classifier, and 25 series, all deployed.
Over the next few days we open markets individually, starting with SGOV, each after a live deposit-and-redeem smoke test. Then we seed the PT and YT pools so there’s real liquidity, bring the keeper online to classify dividends on-chain, and the implied yield on each market starts.
https://t.co/OzarO8LMvF
Milestone day for Fletch.
Shipped: core + 25 markets live on Robinhood Chain mainnet. First on-chain dividend settled (SGOV, +1.00%).
Coming:
→ Markets open one by one, SGOV first
→ Liquidity in, trading + leverage live
→ Keeper live on mainnet
→ Points → $FLETCH allocation
→ $FLETCH utility: fees, buybacks, stakin
Robinhood pays your next dividend a month early. Fletch lets you sell all of them at once, today.
On Robinhood Chain, Fletch turns a stock’s dividend into its own tradeable asset. Cash out your entire future payout up front, lock in a fixed yield, or trade the dividend directly.
Same direction. Fully on-chain.
https://t.co/hKnzaQseX9
The Fletch token flywheel
Utility is coming for $FLETCH holders.
Every trade on Fletch pays a fee, and that fee is what powers the token. A share of it flows straight back into $FLETCH:
→ Buy back and burn $FLETCH, so supply shrinks as volume grows
→ Real yield paid to stakers from actual protocol revenue
→ Fee discounts, governance, and keeper bonding for holders
The more the platform is used, the more the token does. More usage → more fees → stronger buybacks.
That’s the flywheel.
https://t.co/hKnzaQseX9
Robinhood pays your dividends early. Fletch lets you trade them.
On Robinhood Chain, every stock's dividend becomes its own market, lock in a fixed yield, or own the payout upside.
For the first time, a stock's dividend has its own live, on-chain price.
With Early Dividends, you can eligible get your dividends dropped into your account on average 17 days prior to our competitors. One more way in which you're at a disadvantage using any other broker. Our dividend hounds are gonna love this. Recently, we've also started paying out competitive APY on options collateral, which are nice for our options traders.
There's plenty more we haven't announced ... team is cranking!
A dividend used to just sit inside a stock.
Fletch turns it into something you can trade.
→ Lock a fixed yield with the principal token
→ Go leveraged on the dividend with the yield token
→ Or sell your future dividend for cash today
One stock. Three ways to earn.
https://t.co/hKnzaQseX9
Mainnet day.
Fletch’s protocol core and 25 markets are live on Robinhood Chain, every tokenized stock and ETF split into a fixed-yield token and a dividend token. The first on-chain dividend already settled: SGOV, +1.00%.
What’s next:
→ Markets open one at a time, SGOV first
→ Liquidity seeded, trading and leverage go live
→ Keeper live on mainnet
→ Security review + guardian multisig
https://t.co/hKnzaQseX9
Time for mainnet.
Testnet was a great success. The first dividend settled on-chain, markets went live, and the engine proved itself end to end.
Now we go live for real. We just ran a full deploy of Fletch's contracts against live Robinhood Chain, chain 4663, and everything checks out.
Our first markets are finalized, each one deploying in a paused state as a safeguard. The only thing standing between here and launch is our own go-ahead.
Sooner than expected.
0x3450598e419abb5609f60e4b2fda127ff0897777
What's coming this week for $FLETCH
→ More dividend markets going live across higher-yield names
→ Live implied yields you can trade, priced by the market in real time
→ Testnet points live, early users ranked first for what comes next
→ Full protocol docs published, every mechanism explained
The first on-chain dividend already settled. Now the markets around it come online.
Fletch is building the dividend layer for Robinhood Chain.
https://t.co/hKnzaQseX9
Before Fletch, a stock's dividend had no price. It was just a line item you waited for.
Now it trades. Every tokenized stock splits into a fixed-yield token and a dividend token, each with a live market price.
The dividend is an asset now.
https://t.co/V8VuGKbhUW
The first dividend on Fletch just went through end to end, fully on-chain.
A keeper declared the SGOV dividend, it cleared a 24h challenge window, and the dividend index moved to 1.01×.
Tx: https://t.co/fKs7XlEOTx
A stock's dividend now has a real, on-chain price.
https://t.co/hKnzaQseX9