Pull the chute.
Keep the stock.
A perpetual protection market for tokenized real-world assets. Set a strike, pay premium by the block, keep the asset. No expiry, no rolls, no liquidation engine.
A perpetual protection market for tokenized real-world assets. Set a strike, pay premium by the block, keep the asset. No expiry, no rolls, no liquidation engine.
Every bar is one block of spot on a random walk at the asset's own implied vol. The glowing plane is the strike you chose. Bars that fall through it get clamped and turn yellow — that is the protocol paying the difference. Drag the strike and watch the protected region change.
White bars settle at spot. Yellow bars were caught by the floor — the grey stub behind each one is where it would have settled without it.
Pick the asset, drag the strike, and the premium reprices live. Deeper floors cost less because they sit further from spot. Tighter floors cost more. Nothing here is a calendar.
Two positions in the same stock. The white line is holding it naked — it tracks spot all the way to zero. The yellow line is the same holding with a floor open: identical above the strike, flat below it. You pay premium for the corner.
Above the strike the two lines are the same position — a floor never caps upside. Below it, one keeps falling and one stops.
| Asset | Spot | 24h | IV | Strike | Floor | Rate · open | Rate · closed | 7d |
|---|
| Floor | Asset | Strike | Notional | Rate | Opened | Runway | State |
|---|
Every holder of a tokenized equity has had exactly two moves. This is the third, and it is the only one that lets you keep the position you were right about.
Pick any strike from 70% to 95% of spot. That price becomes the level your position cannot settle below, for as long as you keep paying.
Premium is metered block by block, not sold in monthly slabs. Stop paying and the floor closes in the next block. You are never buying time you will not use.
A floor opens in one block and closes in one block. There is no expiry to diarise, no roll to get wrong, and no third Friday.
Writers are fully collateralised in USDG before a floor opens. Settlement is an oracle read against Chainlink. There is nothing to unwind and nobody to margin call.
Somebody has to be under the falling cube. Writers deposit USDG into a per-asset pool, the pool backs floors at 100% collateral, and 92% of every block's premium flows straight back to depositors. No leverage anywhere in the system, so no cascade to be caught in.
A floor cannot open unless a pool has already posted the full difference between spot and the strike. That is the entire risk model — no health factor, no maintenance margin, no keeper network, because nothing in the system can become undercollateralised.
| Pool | Capacity | Utilised | Writer APY | Floors backed | State |
|---|
When a floor is exercised the contract asks Chainlink for one price and pays the difference in USDG. No auction, no keeper incentive to win, no partial fill. The same read settles every floor on that asset in the same block, so nobody is front-running anybody.
Every block's premium is cut once. Ninety-two percent lands in the writer pool that is carrying your floor; eight percent is the protocol fee. There is no sequencer tip, no keeper bounty and no spread hidden in the quote — the number in the terminal is the number that leaves your balance.
The strike is an integer percent of spot from 70 to 95, so there are twenty-six levels to pick from and no strike ladder to hunt through. Move down a rung and the premium drops because the floor sits further from spot; move up and it climbs. One floor per position per asset.
Robinhood Chain is a USDG-native Arbitrum Orbit L2, chain id 4663, fully EVM equivalent. Premium, collateral and settlement all move in USDG on the same chain the tokenized assets live on — nothing bridges to close a floor.
No. A floor only changes what happens below the strike. Above it your position behaves exactly as it did before — you own the same tokenized share and you keep all of the move. The only cost is the premium accruing per block.
The floor closes at the next block and the writer's collateral is released. Nothing is seized, nothing is liquidated, and your underlying position is untouched. You are simply unprotected from that block onward, and you can open a new floor whenever you want.
Because the underlying stops trading and the gap risk does not. A floor written into a closed session has to price the possibility that Monday opens well below Friday's close, with no chance to reprice in between. Across the four launch markets the closed rate runs about 2.25× the weekday rate.
A per-asset writer pool, funded by depositors who want the premium stream. The pool posts 100% of the potential payout as collateral before your floor opens, which is why there is no liquidation engine anywhere in the design.
A put has an expiry, a strike ladder, a roll, and a premium you pay in one lump for time you may not use. A floor has none of those. It opens in a block, meters premium by the block, and closes in a block — protection as a subscription rather than a dated contract.
Nothing has been announced. The protocol is in preview on testnet and this site will say so plainly until that changes.
Four markets on testnet, per-block quoting, the settlement path exercised end to end.
Open deposits, published utilisation, and the 92% premium split live on chain.
Real notional on Robinhood Chain, audited, with the book public from the first block.
Any tokenized RWA with a Chainlink feed becomes a market a floor can be written against.