Backed

The first automated protocol token backed by Robinhood L2’s tokenized stocks.

[Backed @isBacked_]

https://t.co/dDSidjoPFY

[Backed @isBacked_]

Stock tokens are embedded into Backed thanks to @rialto_xyz.
Shotout to @riley_gmi for the help during the integration.

[rialto @rialto_xyz]

If you are a builder looking to embed stock tokens into your platform or offer trading of stocks tokens, Rialto's swap API gives any integrator direct access to deep liquidity onchain.

This swap API already powers @arcus_xyz, @TheIndexFi, @lifiprotocol & @rialto_xyz

[Backed @isBacked_]

1B $BACKED. No mint function, only a burn function.

Every redemption burns tokens.
Every trade buys more stock.
Every remaining token is backed by more.

Supply goes down. Backing goes up.
The layers of value only keep stacking.

[Backed @isBacked_]

Coingecko Listing submitted. @coingecko

Request ID CL1607260067.

[Backed @isBacked_]

$BACKED bridges two worlds:
- The magnificient 7 stocks on one side ($MSFT, $TSLA, $META, $NVDA, $GOOGL, $AMZN, $AAPL)
- A redeemable on-chain token on the other ($BACKED)

Blue-chip backing with DeFi liquidity.
Traded 24/7, redeemable anytime.

[Backed @isBacked_]

The Vault page has been updated.
Now it shows:
1 - Useful infos
2 - Backing allocations
3 - Treasury purchases
4 - Redemptions

Give it a look: https://t.co/casN4PpVHg

[Backed @isBacked_]

The more $BACKED trades, the more stock the vault buys.

Every trade pays a 3% tax that buys real stocks like $NVDA and $TSLA into a vault.

Volume doesn't just move the price. It grows the floor of stocks backing. If the underlying stocks pump, the backing grows aswell. 🔁

[rialto @rialto_xyz]

You can now trade any asset live on @RobinhoodCrypto Chain on Rialto!

[Arbitrum @arbitrum]

The programmable economy is looking good

Robinhood 🤝 Arbitrum 🤝 Rialto

[rialto @rialto_xyz]

Trade @RobinhoodCrypto stock tokens like SPCX, MU, TSLA, QQQ and more, 24/7 on Rialto.