Robinhood Chain· autocallable barrier notes
Get barriers.
Never get liquidated.
Barrier notes on tokenised stocks. Every coupon is escrowed before the first close, every observation reads the official close, and no position can ever be margin-called.
Protocol
Three products. One escrow.
Notes, Credit and Omni all draw on the same escrow on Robinhood Chain. Whatever happens elsewhere, settlement only ever happens there.
Notes
Coupons in USDG.
A floor under your stock.
A USDG holder takes the CARRY leg and collects a weekly coupon. A stockholder posts shares as the GUARD leg and buys protection with it. Both sides hold tokens.
Credit
Borrow USDG against
a CARRY leg.
Wrap CARRY legs as collateral and draw USDG. How much you can borrow follows the leg's marked value, and the coupons keep landing in your position.
Omni
Send the legs out.
Keep the escrow home.
Move CARRY and GUARD legs to other chains and back over LayerZero. The collateral and the settlement never leave Robinhood Chain.
AAPLAC 105% | B 85%
0.10 to 0.55% / wk
MSFTAC 105% | B 85%
0.10 to 0.70% / wk
AMZNAC 105% | B 82%
0.20 to 0.90% / wk
NVDAAC 105% | B 78%
0.15 to 1.30% / wk
METAAC 105% | B 80%
0.25 to 1.00% / wk
TSLAAC 110% | B 72%
0.30 to 1.45% / wk
COINAC 110% | B 62%
0.40 to 1.60% / wk
GOOGLAC 105% | B 84%
0.12 to 0.75% / wk
Twelve weekly coupons and thirteen closes per series, with a fresh series opened every trading day. Each series discovers its coupon inside the band when subscriptions close.
How a note works
One stock. Thirteen closes. Three lines.
Every payment a note can make is settled by the official close on a fixed calendar, measured against three levels that are locked at strike.
Strike
The opening close fixes S0.
When subscriptions close, the official close arrives through Chainlink and sets S0. The autocall level and the barrier are derived from it on the spot and never move again for that series.
Observe
Every week, one close decides one coupon.
On each scheduled close at or above the barrier, the CARRY leg is paid its coupon out of escrow. Nothing else changes hands that week.
Autocall
Finish at or above the autocall level and it ends early.
The note redeems that week: CARRY receives its principal in cash plus the coupon, and GUARD takes its stock back.
Maturity
Stock is delivered only below the barrier at the end.
At the thirteenth close, anything at or above the barrier pays cash. A finish below it hands CARRY the stock, priced at S0. That is the only route to delivery.
Levels from the NVDA template · illustrative path
Leg 0
CARRY
For USDG holders
Earn a fixed coupon on every close where the barrier holds. Your principal comes back in cash, unless the last close lands below the barrier, in which case you take the stock at S0.
- Deposits
- USDG
- Earns
- Weekly coupons
- Downside
- Stock at S0
Leg 1
GUARD
For Stock Token holders
Post your shares, fund the coupon, and own a put struck at S0 until the note autocalls or matures. While the barrier holds, the stock comes straight back to you.
- Deposits
- Stock Tokens
- Pays
- Weekly coupons
- Holds
- Put at S0
Backstop
The buyer of last resort. Capped, public, on-chain.
A USDG vault that takes the CARRY side only when demand for protection outruns demand for coupons, never below a set minimum per stock, inside caps per stock and in total. Each position it holds is a public token.
| Underlying | Autocall | Barrier | Coupon band% / wk0.000.400.801.201.60 | Backstop min |
|---|---|---|---|---|
| 01AAPL | 105% | 85% | 0.10 to 0.55 | 0.25% |
| 02MSFT | 105% | 85% | 0.10 to 0.70 | 0.35% |
| 03AMZN | 105% | 82% | 0.20 to 0.90 | 0.40% |
| 04NVDA | 105% | 78% | 0.15 to 1.30 | 0.45% |
| 05META | 105% | 80% | 0.25 to 1.00 | 0.45% |
| 06TSLA | 110% | 72% | 0.30 to 1.45 | 0.55% |
| 07COIN | 110% | 62% | 0.40 to 1.60 | 0.70% |
| 08GOOGL | 105% | 84% | 0.12 to 0.75 | 0.30% |
Launch design, not deployed yet. The band is the weekly coupon range a series can discover; the tick marks the Backstop minimum, the lowest coupon it will accept.
BERRIER
A token paid by fees, not by promises.
Protocol fees buy BERRIER back. Treasury reserves put a floor under it. Every step is a contract anyone can read.
Bonds
BERRIER at a discount, vested.
Pay with USDG, Stock Tokens or CARRY legs and receive BERRIER below the auction price, released over a week. Proceeds go to the Treasury.
Staking
sBERRIER collects the buybacks.
Every BERRIER the auction buys back streams to sBERRIER holders over 7 days.
Buyback auction
Always on. Never under the floor.
85% of protocol fees buy BERRIER through a Dutch auction whose price cannot fall below the floor.
Treasury floor
Redeemable for reserves.
Burn BERRIER for its share of the reserves, up to 1.5% of reserves per day.
Tape
Read at the official close.
Robinhood Chain mainnet
Reading eight feeds
AAPLLast print
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Prior round
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MSFTLast print
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Prior round
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AMZNLast print
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Prior round
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NVDALast print
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Prior round
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METALast print
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Prior round
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TSLALast print
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Prior round
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COINLast print
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Prior round
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GOOGLLast print
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Prior round
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Live reads of the Chainlink “Robinhood / USD” equity feeds on Robinhood Chain mainnet, refreshed every 30 seconds. The feeds update around the clock on weekdays; a note only ever observes the official close.
- Robinhood ChainEscrow, legs and settlement all live on Robinhood Chain.
- ChainlinkEach observation is the official close, read from a Chainlink feed.
- LayerZeroCARRY and GUARD legs travel to other chains and come home over LayerZero.
- MorphoCredit lends USDG against a wrapped CARRY leg in a Morpho market.