protocol
Three moves. All on-chain.
All permissionless.
No wrapper, no custodian — the contract holds the basket and enforces the recipe. This page is the whole mechanism, the market behind it, and the trail that verifies every claim.
Compose, mint, redeem.
the recipe is the rule — the contract enforces it, no one else can
Compose
Pick a standing index — the Magnificent Seven, an AI six, a T-bill mix — or write any recipe of your own from the on-chain market. The recipe is the rule: every component, in fixed proportion.
Mint
One mint assembles the whole index: every component is deposited and a single ERC-20 comes off the line. The entire market lives in one balance — transferable, usable as collateral, backed one-to-one.
Redeem
Redeem whenever you like. Redemption reads no oracle, asks no permission and cannot be paused — the components always come back to your wallet, to the last decimal.
Every component carries its own on-chain feed.
the demo market — mock tokenized stocks, mock feeds, real contracts
TSLA
0.00% session
AMZN
0.00% session
NFLX
0.00% session
AAPL
0.00% session
NVDA
0.00% session
MSFT
0.00% session
GOOGL
0.00% session
META
0.00% session
SGOV
0.00% session
SPY
0.00% session
Verified end to end — every claim has a trail.
read it yourself on the explorer
network
verified on-chain · 2026-09-16
$ forge script Deploy.s.sol --broadcast --slow
[ok] core ............. 6 contracts deployed, brand-neutral names
[ok] market ........... 10 mock tokens + 10 mock feeds wired
[ok] indexes .......... 6 baskets seeded across the factory
[ok] faucet drip ...... 50,000 LIC + 100,000 USD + 10 of each stock
[ok] issue 1 TBILL .... fee 0.345 USD → 0.2067 curator + 0.1378 treasury
[ok] redeem 1 TBILL ... components returned, supply back to 0
[ok] lending .......... supply 5 TSLA → borrow 500 USD → repay + interest
The questions new holders ask first.
Q01What backs each index?
The underlying components, one to one. Mints round up and redeems round down, so rounding can never leave an index under-collateralized. Prices come from the same on-chain feeds the contracts read.
Q02Can anyone change an index?
Fixed indexes: no one — the recipe locks at creation, with no key that can alter it. Rotating indexes: only the operator's agent, only after a 7-day cooldown, and only inside a hard 0.5% NAV-drift bound enforced on-chain.
Q03How do I get out?
Redeem. Redemption reads no oracle, asks no permission and cannot be paused — the components come straight back to your wallet. Rotating indexes also accrue excess gains in USD, claimable anytime.
Q04What do operators earn?
60% of every mint fee on their index, hardcoded at 6000 bps in the fee splitter. Not configurable, not revocable. The other 40% goes to the treasury.
Q05What is $VERS?
The license token. Burning 10,000 VERS mints a fixed license, 25,000 VERS a rotating one. Burns only — license supply can only ever fall. The full spec lives on the $VERS page.
Q06Why Robinhood Chain?
Robinhood Chain is an Arbitrum L2 built for tokenized real-world assets — stock tokens and price feeds natively on-chain, so an index can hold real components end to end. This edition runs on the testnet with a fully mocked market.