MacToshi

What we’ve been working on Since our last update on October 8th, we’ve been focused on improving the infrastructure behind robinhood:0x56910d4409f3a0c78c64dd8d0545ff0705389870. Distributions were paused from October 18th to the 29th while the system was rebuilt. Protocol fees continued to accrue throughout that period and were deployed into stocks once the new setup went live. Since October 29th, three distribution cycles have completed, sending roughly $23,600 in stocks to 4,163 wallets. The upgraded setup includes: • Fixed 36-hour cycles for a consistent distribution schedule. • Former holders made whole, with around $3,680 in banked stocks distributed to 5,366 addresses that had fallen below the 10,000 robinhood:0x56910d4409f3a0c78c64dd8d0545ff0705389870 threshold. • Built-in price protection, with stock purchases and ETH → USDG conversions limited to within 1.5% of trusted prices. The result is a more predictable, secure and scalable distribution system. Closing the volume gap A significant portion of robinhood:0x56910d4409f3a0c78c64dd8d0545ff0705389870 trading volume currently routes through pools that do not use the official fee hook, meaning those trades do not contribute to the 3% fee funding stock distributions. We have already addressed one side of this issue. Pools holding robinhood:0x56910d4409f3a0c78c64dd8d0545ff0705389870 were previously able to appear as holders and receive distributions. Those pools are now excluded, receive $0, and new pools are checked before every cycle. The remaining fee-bypass issue requires a deeper change and is already in development. We’ll have more to share on the full approach soon. The objective is simple: robinhood:0x56910d4409f3a0c78c64dd8d0545ff0705389870 trading activity should contribute to the protocol economics it was designed to support. Expanding the Index ecosystem A large part of our recent product work has also gone into Blend. Blend introduces permissionless onchain Baskets backed by tokenized assets. Each Basket represents defined quantities of its underlying assets in a single share and can be bought, sold, redeemed and integrated into other applications. For robinhood:0x56910d4409f3a0c78c64dd8d0545ff0705389870, Blend adds another source of protocol activity and revenue, expanding the ways onchain activity can ultimately flow back into stocks. What comes next The distribution infrastructure is stronger, the fee-routing issue is being addressed, and Blend is expanding the ways tokenized assets can be used across the Robinhood ecosystem. Our focus remains the same: build useful infrastructure around onchain stocks and return more of the value generated by that infrastructure back into the Index ecosystem. Stocks for everyone.