Introducing $PAYOFF
The token of the first self-repaying loan on Robinhood Chain. Your stocks back the loan. Trading fees pay it down. You keep the shares
CA : 0xd41d62af4403036db6c520d4ac2d58313a61f86f
Auto-repay is now running on PAYOFF
Every minute it checks each vault, puts idle USDG to work and sends the trading fees to your debt
You can watch it live, the status page is public
PAYOFF contracts are now verified on the explorer
Anyone can read the code. Only the vault owner can withdraw, it is written right there in the contract
Factory: 0xBbe366a496637aa72Fc98edAA8dC9fe7Fd3b9132
Vault: 0x8d9b9fBDF65b1AFCed5c5f275093e0884d816D61
We see the FUD and we get it, new projects should be questioned
We are heads down working on the site right now. New markets, fixes and improvements are going out every day
Everything we build is on chain and open for anyone to check. The work will speak for itself
We improved how the site reads data from Robinhood Chain
Pool volume used to time out on busy pools. Now it reads a smaller recent window and caches the result, so pages load fast and stay up
Small change, big difference for everyone using the site
shipped today, no announcement needed
- a page that stretched a full screen too tall (one css class, two jobs)
- dashboard cards where the label sat on the number
- a pool volume route that went from timing out at 60s to answering in 10
a user spotted two of those. thank you
someone asked for a demo
51 seconds: pick a stock, borrow USDG against it, and watch the trading fees land on the debt until it shrinks
https://t.co/pnaWR1X53Y
$PAYOFF creator fees. The team does not keep them. They are claimed, converted to USDG, and supplied as liquidity to the markets on the board that have little or none, so that more stocks can actually be borrowed against
Each deposit is a public transaction we post it when it happens. The fees are not a promise of any return to token holders. Their only job is to make the product usable for more people
the token is the loud part. this is the quiet part
you can open a loan right now. put your stock tokens in, borrow USDG, and watch the trading fees start landing on the debt
https://t.co/wao7AnEBsz
Borrowing against your assets is nothing new. We just think the loan itself could be doing more. PAYOFF puts borrowed capital to work, with the fees helping pay down the debt along the way