boooolisshhh
This is major news for robinhood:0xe934e36a439c94017b64a3fece66af12099abf50
Reading this and having worked on MICA for the longest time, makes me realize how far we’ve gone.
MiCA (Markets in Crypto-Assets) is the European Union’s landmark all-in-one rulebook for cryptocurrency. It replaces a confusing mess of 27 different national laws with a single unified framework across the entire European Economic Area (EEA). [1, 2, 3]
Basically if you have a crypto token launching in the European Union, you have to comply with Mica
You also have to file and have. White paper that is MiCA compliant.
So far only 2 tokens are MiCA compliant robinhood:0xe934e36a439c94017b64a3fece66af12099abf50 and robinhood:0x39dbed3a2bd333467115de45665cc57f813c4571
Will drop an article on MiCA
Gm Gm, $120 in distributions so far in less than a month between my Brokers 🥸 Wonder where this will be a year from now considering fluctuating distribution activity👀
Getting distributions in $STONKBROKER rather than other currencies because....Stonkbroker....
Just casually invented the lightbulb 💡....not fading the Einstein/Edison of crypto...
What are your JPEGs doing in your wallet?
We have created a new type of token using Uniswap v4 hooks that we call a Pair Token.
What is a Pair Token?
A Pair Token is a fused, auto-compounding ERC-20 asset that combines two tokens into one.
For example, stock tokens on Robinhood Chain could be fused into new tokenized assets:
NVDA + TSLA = NVDATSLA
AAPL + MSFT = AAPLMSFT
Each Pair Token represents a proportional share of the full-range Uniswap v4 liquidity pool.
So why mint these tokens?
At any moment, anyone can call the compound function to reinvest the LP fees generated by the pair’s trading activity back into the underlying asset since Robinhood Stock tokens also self multiply because of dividends we get a double compound effect.
This creates a new financial primitive that behaves similarly to an LP position NFT, except it is fungible,tradeable , auto-compounding, and designed to grow its underlying holdings through trading fees.
Since it is an ERC-20, it can be freely traded onchain, LPed, or even paired with a launchpad.
A new type of token for a new type of exposure and strategy.
Starting tonight, you’ll be able to mint or redeem Pair Tokens for any pair on Robinhood Chain via the StonkBrokers website.
Minting and redeeming are free, while compounding incurs a 10% fee on the LP fees generated, which is used for $STONKBROKER buybacks.
We look forward to seeing a new line of products and protocols on Robinhood Chain using this new financial primitive.
Only on Robinhood Chain, powered by Uniswap.
Meta Ghul retweeted
I think we can all agree that blur was a net negative for the space and it’s good that they’re shutting down
Meta Ghul retweeted
Fair feedback. Summit was a lot of ground to cover, but Robinhood Chain is a big priority for us and we're not going anywhere. The builders who showed up early matter to us. More to share soon.
Meta Ghul retweeted
its called a correction because you being rich for a month was a glitch and the market had to restore your broke ass to reality
12 days later and my StonkBrokers have received ~$50 (~$17 each) in distributions. Could've probably been more if I had distributions set to USDG. If $STONKBROKER goes up 5x at any point, those $50 would suddenly be $250🧐idk bruh, but this is cool. Debating activating interns
