Robinhood Chain · Yield trading
Every yield on this chain moves daily: USDG lending on Longbow, stock dividends from Index, LP fees on NVDA pools, launchpad creator fees. Quiver splits each one into a Principal Token that pays a fixed rate and a Yield Token that pays whatever the source earns. Pick your side.
Three tokens, one rule: PT plus YT always equals the underlying. Anyone can split, trade, recombine or redeem at any time.
Deposit into a yield source through a Standardized Yield adapter. Longbow vault shares, an Index position, a Delta LP stake, a Pons fee vault. The SY token grows as the source earns.
Pick a maturity. One SY mints one Principal Token and one Yield Token. PT redeems 1:1 at maturity. YT collects every unit of yield until then and expires.
PT trades against the underlying in a Uniswap v4 pool per market. Its discount is the fixed rate. YT is priced as underlying minus PT. The interface shows implied APY and pool depth side by side.
At maturity PT redeems for the underlying, YT stops. Markets roll on a calendar of 30 and 90 day dates so there is always a next one.
Every source lives in its own isolated market with a published risk score computed from on-chain data: TVL and concentration, days live, utilization, liquidation history. A high rate on a fragile source reads as what it is.
| Source | What pays | Shape | Market |
|---|---|---|---|
| Longbow | Interest from borrowers posting NVDA, HIMS and other tokenized stocks as collateral for USDG | ERC-4626 vault shares | SY-lbUSDG |
| Index | Protocol fees converted to tokenized stocks and paid to holders. $1.5M distributed so far | Claimable stock rewards | SY-dINDEX |
| Delta, TwoFold | Uniswap swap fees on stock/USDG and stock/ETH pools, TwoFold adds a lending leg via a v4 hook | Staked LP | SY-dLP |
| Pons launchpad | 70% of the 1% curve fee plus creator tax on every launch trade, claimable from the fee escrow | Claimable ETH | SY-pFEE |
The design is Pendle's. The assets exist only here.
Index pays holders in tokenized stock. Wrap it, split it, and the Yield Token is a dividend future on tokenized equity, tradable 24 hours a day by anyone with a wallet.
Over 120,000 Pons launches in six weeks. Their creator fees and snipe tax are a cash flow. A launcher can sell the next 30 days of it for cash today; a trader can buy it.
Scores come from the deepest dataset of this chain's launch economy: every launch, trade, exemption and sniper wallet since the v2 factory went live.
Lock QUIVER to vote on listings and direct incentives. Yield sources that want a market bring incentives to their gauge. Listing becomes an economy, not a committee.
Fixed supply of 1,000,000,000, launched on the Pons launchpad, quoted in ETH. No presale, no private round. Launch wallets and unlock schedule published before launch.
| Fee on YT yield claims | 3% |
| Performance fee on SY adapters | up to 10% |
| Protocol-owned PT pool swap fees | 100% |
| Revenue to locked stakers | 50% |
| Revenue to treasury (audits, incentives) | 30% |
| Revenue to buyback | 20% |
| Creator tax at launch, to the audit fund | 1% |
Each phase ships only when the previous one has redeemed at maturity without incident.