Wrap tokenized stocks into satchels. Every swing pays a fee.
Every fee raises what your shares redeem for.
Simulated yields from a 5,000-year Monte Carlo per stock, unleveraged. Live trailing rates replace these at launch — no fixed APY is ever promised.
| Satchel | CBR | Unwrap fee | Simulated yield | Your position |
|---|
Want a satchel for another stock? Any canonical stock token in Robinhood Chain's on-chain asset registry can back one. Curated listings at launch — permissionless creation, validated against the registry, comes after.
Provide sTSLA/USDG liquidity, stake the LP token, and earn a share of protocol revenue — paid in USDG, streamed over 7-day periods. Never emissions: the contract can't owe more than the treasury actually funds.
DEX swap fees from arbitrage flow, plus a share of treasury revenue. Both from actual usage.
Rewards are pulled in before they stream — payouts can never exceed what the treasury funded.
Withdraw your LP and claim earned USDG whenever you like. No lockups.
No emissions. No printed tokens. Yield is real fees from real arbitrage flow — it rises when markets move and thins when they're calm. That's the honest deal.
Deposit a tokenized stock like TSLA-t and mint a satchel token (sTSLA) at the current backing ratio. One ERC-20 in, one ERC-20 out. Fully composable.
As the stock moves, the satchel's DEX price lags. Arbitrageurs close the gap by wrapping and unwrapping — and every one of those actions fires a fee into the satchel.
Every fee raises the Collateral Backing Ratio — the price your satchel token redeems at. It's monotonic: no function, in any order, can push it down. You just hold.
A deliberately minimal core — pure internal accounting, no price feeds, no moving parts it doesn't need. Externally audited, fuzz-tested, and deposit-capped at launch.
The wrap engine never needs a price feed — CBR is pure internal accounting. When later phases add features that need oracles, they're ring-fenced away from your satchels.
Every fee pushes CBR up; nothing pushes it down. Rounding always favors the satchel. The core invariant is proven by the full fuzz & invariant suite.
Unwrap back to the underlying whenever you want, at the live backing ratio. No lockups, no waiting periods, no permission needed.
Fixed supply, minted once. Every dollar of protocol revenue routes through a transparent path that ends in burned supply. No hidden bag — all allocations, vesting and locks are published.
Minted once and never again. No transfer tax. Composable everywhere on the chain.
A majority of treasury revenue buys $QUIVER on the DEX via bounded TWAP purchases, then burns it. Callable by anyone, no user parameters.
Stake to earn a share of actual revenue in USDG — never in emissions. Payouts can never exceed what the protocol truly earns.
Wrap a tokenized stock and watch the backing ratio do the rest. Every swing in the market is another fee in your pocket.