Tyco is live on Robinhood Chain.
CA: 0xae957dc28c18a099f834807c19a873f06f3551ef
12 vaults, deployed against the real tokenized equities, not wrappers of wrappers.
Deposit the underlying, hold the position as a plain ERC-20. Fees mint no shares, so price per share only goes up.
https://t.co/6ISXLiPTkD
You hold tokenized AAPL. It sits there.
Deposit it into Tyco and you get tyAAPL, which is a normal token you can lend or post as collateral. The AAPL underneath goes to work as liquidity.
Fees land in the vault and mint no new shares, so each tyAAPL is worth more AAPL every day.
Same stock. Now it earns.
How Tyco works, in five lines.
1. You deposit AAPL. You get tyAAPL back.
2. tyAAPL is a normal token. Trade it, lend it, post it as collateral.
3. Trading fees go into the vault. No new tyAAPL is ever minted.
4. So each tyAAPL is worth a little more AAPL every day.
5. Redeem back to AAPL whenever you want.
https://t.co/6ISXLiPlv5