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Quick staking, earn potential new tokens
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Hold GT and get massive airdrops for free
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Unlock full access to global stock IPOs
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Trade on-chain assets and earn airdrops
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3%
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#RobinhoodChainRevenueFallsFor5ConsecutiveDays
Robinhood Stock Tokens Surpass 170 Million Dollars in TVL
Robinhood Stock Tokens have surpassed 170 million dollars in total value locked according to Robinhood Crypto General Manager Johann Kerbrat.
Robinhood Chain has also recorded around 50 billion dollars in DEX trading volume.
Each Stock Token is backed 1 to 1 by a real stock held in secure custody. Token holders receive economic equivalents of dividends and other corporate actions which are reinvested into their positions.
When a new Stock Token is created Robinhood simultaneously purchases one real stock to maintain the 1 to 1 backing.
Physical stock redemption and voting rights are not currently available but are under development. The roadmap includes 1 to 1 stock redemption and voting rights for qualified holders.
Robinhood also aims to make Stock Tokens composable so developers can build new applications and financial products around them.