Robinhood CEO hinting at Ethereum or Solana?
“I believe that the future of crypto is in real-world assets.”
"I think increasingly crypto & traditional finance will merge."
“What drives crypto growth will be real assets with fundamental utility utilizing crypto technology.”
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Not even a week into Robinhood L2 and $Index has already distributed over $20,000 in tokenized stocks to holders.
Thank you for bringing stocks On-Chain @vladtenev
Five days distribution report:
$Index has completed 453 distribution cycles and paid out 235,540 stock transfers to holders.
$15,323 distributed at receipt value, every 15 minutes, fully on-chain.
This is what programmatic stock ownership looks like.
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im gonna start highlighting teams doing novel things with stock tokens on the @arbitrum platform, particularly on robinhood chain
starting with @TheIndexFi, here's how it works:
1. people buy their token INDEX on @uniswap
2. each buy/sell charges a 3% tax which goes into a treasury (v4 hook)
3. that treasury is deployed into a basket of stocks (NVDA, AMD, TSLA, AAPL, SPCX)
4. those stocks are then dispersed to wallets holding over 10,000 INDEX every 15 minutes
DISCLAIMERS:
> i bought some of their token
> i have not done my due diligence, could be a rug, pls dyor
not ground breaking but i love the idea of programmatic stocks
@musashi_kdp Yeah, we paid Dexscreener a few days ago already.
The delay is not payment, it’s their support for Robinhood v4 pools. We’re already in talks with them and they told us they’re adding it ASAP.
As soon as their v4 support is ready, $Index will be trackable there properly.
$Index just crossed $10,000 in total distributions.
Over 5 figures in tokenized stocks paid out to holders for the first time.
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Exactly why tokenized stocks matter.
The stock market is already where a massive part of wealth lives. Now that market is moving on-chain and $Index gives holders a way to earn.
only possible on @RobinhoodCrypto L2
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Quick update:
Dex has already been paid, but there have been some issues on their side with Uniswap v4 support.
We’re in contact with them and making sure to bring $Index to Dexscreener as soon as possible.
The protocol is live, distributions have started, and this is only the beginning.
the thesis stays simple: if Robinhood keeps pushing tokenized stocks, $Index becomes more important with every new liquid stock added on-chain.
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