The old market was designed around permission, geography and closing bells.
The next one will be built around ownership, access and code.
YARROW is our answer to what happens when equities, RWAs and perpetual markets finally move onto one open financial rail.
No fragmented accounts.
No market that sleeps.
No pretending the future is already finished.
Just real infrastructure, built one layer at a time.
The world’s assets. Always open.
https://t.co/OfG2OjIUQW
ca:
0x5d6fa71583e40d6a40ab09cd071f24f6603b0970
You just made our argument for us. Yes, the checks remove discretion. That is the whole point.
The rest gets it backwards. Nobody needs to hold anything to trade on Yarrow. The base fee is 10bps for everyone, already among the lowest anywhere, no bag required. The discount is not a product we are selling you. It is a bonus for people who already chose to hold.
"Savings larger than holding risk" is a trade-off every trader prices for themselves, with their own volume and their own conviction. High-volume holder, the math works. Low-volume non-holder, trade at full price and lose nothing. That is not a flaw, that is a market.
And here is the part you're missing: you can only run that calculation at all because everything is on-chain. Fee schedule in bytecode, tiers readable from the contract, no discretion to surprise you. At every other venue you'd be pricing that trade-off against a fee switch someone can flip in the dark.
We removed the discretion so you could do exactly the math you just did. You're welcome.
Appreciate you, and hear you on the framing. But that line is not a marketing mistake, it is the shield over your bag.
Every token that promised yield and revenue eventually met a regulator who agreed those promises made it a security. Delistings, lawsuits, frozen projects, holders left holding the wreckage. The teams that "just explained utility" and quietly implied the rest are the ones that got carried out.
We say "nothing promised" precisely so nobody can ever drag $Yarrow into that graveyard. It protects the token, which protects you.
And the utility does not need embellishment: the perps engine reads your $Yarrow balance on-chain and cuts your trading fee up to 50%, on every trade, enforced by bytecode. That is real, live today, and more than most tokens with a 40-page "value accrual" deck can say.
Loud about what is real. Silent about what is not. That discipline is the feature.
Respectfully, history runs the other way.
The largest exchange token on earth launched as exactly one thing: a trading fee discount. No dividends, no capture, no economist-designed flywheel. Utility on a venue people actually used. The capture debates came years later, after the flows existed.
Meanwhile the graveyard is full of tokens that led with "value capture": revenue shares promised before revenue, emissions curves modeled before users, game theory applied to an economy of zero. Capturing a percentage of nothing is still nothing, no matter how elegant the model.
"Only traders will partake in your economy." We run an exchange. Traders ARE the economy. Aligning them first is not the bug, it is the entire game.
The discount is enforced by bytecode, live today, on a venue that settles real trades on-chain. We will take that over a whitepaper full of promises every time.
Respectfully, history runs the other way.
The largest exchange token on earth launched as exactly one thing: a trading fee discount. No dividends, no capture, no economist-designed flywheel. Utility on a venue people actually used. The capture debates came years later, after the flows existed.
Meanwhile the graveyard is full of tokens that led with "value capture": revenue shares promised before revenue, emissions curves modeled before users, game theory applied to an economy of zero. Capturing a percentage of nothing is still nothing, no matter how elegant the model.
"Only traders will partake in your economy." We run an exchange. Traders ARE the economy. Aligning them first is not the bug, it is the entire game.
The discount is enforced by bytecode, live today, on a venue that settles real trades on-chain. We will take that over a whitepaper full of promises every time.
$Yarrow holders have an edge that survives any lawyer.
The perps engine reads your $Yarrow balance on-chain and prices your fee by it.
Hold 1,000,000, pay 20% less. Hold 5,000,000, pay 35% less. Hold 10,000,000, pay half. Enforced by the contract at the moment you trade, on every trade, forever.
No dividend. No yield. No revenue share. Nothing promised. A fee discount written into bytecode, checked live from balanceOf. Utility, plain and true.
Only on Yarrow, only on Robinhood Chain.
https://t.co/94koZPyAtX
The world's first just went live on Yarrow.
Perpetuals where the stock is the money. Post the QQQ token as margin, trade any name against it, and your profit is paid in more QQQ. Not stocks as collateral for a dollar bet. The share itself is the settlement currency of the venue.
Others let you post stocks and still pay you in dollars. Yarrow denominates the entire book in the share. Long NVDA here asks one question: does NVDA outrun the Nasdaq. Win, and your share count grows.
Live on Robinhood Chain, marked by @chainlink , engine adapted from Percolator by @toly .
Trade it now: https://t.co/94koZPz8jv
Update from Yarrow.
The world's first stock-denominated perpetuals vault is LIVE on Robinhood Chain. Deployed, verified, sitting on mainnet right now. Don't take our word for it, read it yourself:
https://t.co/Zgwn1uZEhA
Margin, marks, and payouts all in the QQQ token. Trade a name against the index and your wins settle in more shares. $Yarrow holders get fee discounts the contract reads straight from your wallet.
The only piece not live yet is the point-and-click panel on the site. GitHub is having an outage right now and it is blocking our final front-end push. Not our code, not the chain, just GitHub's pipes being down for everyone. The moment it clears, the button goes live.
The contract does not wait on GitHub. It is already on mainnet. The interface is minutes behind it.
Building in the open. More the second it's up.
https://t.co/94koZPz8jv
We could not agree more and appreciate the community support. $Yarrow will keep building. @vladtenev gave us an opportunity to make something special and that’s exactly why we’re here.
I don’t think the killer app on @RobinhoodCrypto will be another launchpad.
I think It’s going to be tokenized equity perpetuals.
Why?
Because @RobinhoodApp already has millions of investors who trade stocks not memecoins.
If @RobinhoodCrypto Chain becomes the home for tokenized equities and RWAs, the largest opportunity isn’t creating more tokens. It’s giving global users 24/7 access to the world’s biggest asset class.
That’s where $YARROW @YarrowTrade stands out:
➡️Tokenized equity perps
➡️Native on-chain settlement
➡️Wallet-native trading
➡️Long/short exposure
➡️Built specifically for Robinhood Chain
Launchpads compete for new token issuance.
Agent infrastructure powers applications.
But the market layer captures where the liquidity actually flows.
Equities represent hundreds of trillions of dollars in global market value. Even a small migration on-chain creates an opportunity far larger than most crypto-native sectors.
If Robinhood wins tokenized finance, Yarrow has the chance to become one of the core financial primitives of the ecosystem.
Sometimes the biggest winner isn’t the protocol that creates new assets.
It’s the one that becomes the exchange for the world’s existing assets (Trillions TAM)
Very bullish on $YARROW @YarrowTrade as they continue to execute.
MC: $230k
Target: Millions
CA: 0x5d6Fa71583E40d6a40AB09Cd071F24F6603b0970
Community is our most important and powerful asset, we will show the community what you mean to us by implementing $Yarrow token into a system that benefits long term users - stay tuned.
Yarrow just leveled up.
Real-collateral perpetuals are now live in the terminal. Open a position with native ETH straight from your own wallet, settled by the on-chain engine adapted from Percolator by @toly .
What that means, concretely:
Your margin is native ETH, held by the contract under rules anyone can read. No custodian, no deposit desk, no IOU. You sign, the chain settles.
Every open, close, and liquidation marks against live @chainlink oracles. The mark is a composite: the stock feed divided by the ETH feed, both read fresh in the same transaction that touches your position. We publish no price. We can invent none.
Margin is senior. It is never socialized to pay another trader's win. Profit is junior and paid only from the backstop. Liquidations are permissionless, so any keeper can close an underwater book for the reward. And every payout conserves to the wei.
Your equity is read straight from the contract's own health() and shown live. When a position is one gap from maintenance, you see it before the keeper does.
Native ETH in. Real marks. Real liquidations. Real settlement. On the chain built for tokenized stocks.
https://t.co/94koZPz8jv
The crown jewel of $Yarrow: your margin is senior
Every perp exchange you have ever used holds a quiet weapon against you: socialized losses. Book blows up, winners get clawed back, your margin pays for someone else's trade.
Yarrow's engine, adapted from Percolator by @toly, inverts the hierarchy at the contract level:
Margin is SENIOR. It can never be taken to pay another trader. Ever.
Profit is JUNIOR. A winner is paid margin + min(profit, backstop).
If the backstop can't cover a win, the win gets a haircut. Your principal walks away untouched. The loss lands on the number that was built to absorb it, not on the trader who did nothing wrong.
That single ordering rule is the difference between a venue that fails gracefully and one that fails on your account. It is enforced by bytecode on Robinhood Chain, not by policy.
https://t.co/94koZPyAtX
@vladtenev We embedded them. Here is exactly how, because the engineering is the interesting part.
Yarrow runs live perpetual futures on Robinhood Chain using native ETH as collateral, with market prices sourced directly from the @chainlink stock feeds published onchain. The risk engine is an EVM adaptation of Percolator, the perpetual futures architecture open sourced by Anatoly Yakovenko.
What makes Yarrow different from nearly every perp DEX operating today is not the interface. It is the settlement logic underneath it.
Margin is senior.
A trader’s deposited margin is never socialized to pay another trader’s winnings. Profit is junior. When a winning position closes, the trader receives their margin plus the lesser of their realized profit or the available backstop.
If the backstop cannot fully cover the profit, the profit is capped. The losing trader’s deposit is never raided beyond the loss created by their own position. Most venues reverse that priority and call the result auto deleveraging.
Solvency is enforced as an invariant, not displayed as a dashboard metric.
After every open, close, liquidation, funding update, and withdrawal, the contract must satisfy:
contract balance = total margin + backstop + pending withdrawals
The equation must hold exactly to the wei. Our test harness checks it after every operation. If the invariant ever fails, the math is wrong. The market is not used as an excuse.
Prices are composite oracle reads, never numbers published by us.
Each ETH denominated mark is calculated directly onchain:
priceETH = assetUSD × 1e18 ÷ ethUSD
Both inputs come from Chainlink aggregators on Robinhood Chain, and each feed has its own independent freshness requirement. If either side exceeds its permitted staleness window, the market stops accepting new trades rather than trading against a false price.
We do not publish the mark. We cannot fabricate it.
Liquidations are permissionless.
Anyone can operate a keeper, liquidate an underwater position, and earn the liquidation reward. There is no privileged liquidator, no operator discretion, and no hidden button reserved for the team.
Settlement cannot be held hostage.
Yarrow uses a push or park payout pattern. If a receiving contract deliberately reverts in an attempt to block settlement, the funds are recorded as a pending withdrawal and the engine continues operating.
A hostile receiver can damage only itself. It cannot freeze the venue.
Funding is capped and driven entirely by open interest imbalance.
A cumulative funding index transfers value between longs and shorts. Traders pay one another based on positioning pressure. The house does not collect the funding.
The entire venue was deployed on Robinhood Chain for roughly forty cents in gas.
That number is why this architecture is finally practical.
We are exactly the builders you tweeted for.
https://t.co/94koZPz8jv
@vladtenev We embedded them. Here is exactly how, because the engineering is the interesting part.
Yarrow runs live perpetual futures on Robinhood Chain using native ETH as collateral, with market prices sourced directly from the @chainlink stock feeds published onchain. The risk engine is an EVM adaptation of Percolator, the perpetual futures architecture open sourced by Anatoly Yakovenko.
What makes Yarrow different from nearly every perp DEX operating today is not the interface. It is the settlement logic underneath it.
Margin is senior.
A trader’s deposited margin is never socialized to pay another trader’s winnings. Profit is junior. When a winning position closes, the trader receives their margin plus the lesser of their realized profit or the available backstop.
If the backstop cannot fully cover the profit, the profit is capped. The losing trader’s deposit is never raided beyond the loss created by their own position. Most venues reverse that priority and call the result auto deleveraging.
Solvency is enforced as an invariant, not displayed as a dashboard metric.
After every open, close, liquidation, funding update, and withdrawal, the contract must satisfy:
contract balance = total margin + backstop + pending withdrawals
The equation must hold exactly to the wei. Our test harness checks it after every operation. If the invariant ever fails, the math is wrong. The market is not used as an excuse.
Prices are composite oracle reads, never numbers published by us.
Each ETH denominated mark is calculated directly onchain:
priceETH = assetUSD × 1e18 ÷ ethUSD
Both inputs come from Chainlink aggregators on Robinhood Chain, and each feed has its own independent freshness requirement. If either side exceeds its permitted staleness window, the market stops accepting new trades rather than trading against a false price.
We do not publish the mark. We cannot fabricate it.
Liquidations are permissionless.
Anyone can operate a keeper, liquidate an underwater position, and earn the liquidation reward. There is no privileged liquidator, no operator discretion, and no hidden button reserved for the team.
Settlement cannot be held hostage.
Yarrow uses a push or park payout pattern. If a receiving contract deliberately reverts in an attempt to block settlement, the funds are recorded as a pending withdrawal and the engine continues operating.
A hostile receiver can damage only itself. It cannot freeze the venue.
Funding is capped and driven entirely by open interest imbalance.
A cumulative funding index transfers value between longs and shorts. Traders pay one another based on positioning pressure. The house does not collect the funding.
The entire venue was deployed on Robinhood Chain for roughly forty cents in gas.
That number is why this architecture is finally practical.
We are exactly the builders you tweeted for.
https://t.co/94koZPz8jv