A liquidity position earns fees, but it sits still. Everything you might want to do with that capital means closing it first.
Four contracts, one path. Every step is a call you can read on the explorer.
You send the pool asset to the vault. It is accounted explicitly, so a stray transfer cannot move the share price.
The vault mints YieldShares at the current price. The first deposit is 1:1; later ones pay whatever the shares are already worth.
The hook pushes collected swap fees into the vault. The protocol cut goes to the treasury, the rest raises every share.
Burn shares, get the underlying back at the current price. No lockup, no queue, no epoch.
The real tokenized equities on Robinhood Chain. Prices come from the market, refreshed on load.
Three steps, and the share token is yours from the first block.
Connect a wallet on Robinhood Chain, approve the asset once, and deposit into a listed vault.
You get an ERC-20 back. It shows up in your wallet, transfers like any token, and gains value as fees are harvested.
Burn the shares for the underlying at the current on-chain price. Principal and accrued yield come back together.
Four properties, each covered by a test in the repo rather than a badge on a page.
A virtual share and unaccounted donations mean a first depositor cannot round the next one down to zero shares.
Assets are tracked in storage, not read from the balance. Sending tokens to the vault changes nothing for holders.
The protocol cut cannot be set above the hard cap, by the owner or anyone else. It is a constant in the contract.
The sweep function can only move assets above what shareholders are owed. The backing is untouchable.
Each property above has a test behind it in the repo. The contracts have not been through a third-party audit.
An ERC-20 that represents a claim on a vault holding a pool asset. One share is worth totalAssets / totalSupply of the underlying, and that number only goes up as fee income is harvested in. It is an ordinary token, so your wallet, a DEX, or a lending market can all handle it without special support.
It does not arrive as a separate reward you claim. Harvested fees are added to the vault's assets while the share supply stays the same, so each share redeems for more than it did before. If you sell the share, the accrued yield goes with it, priced in.
Yes. You still hold the pool's underlying exposure, including impermanent loss on the position and the price risk of the asset itself. YieldShares change the liquidity of the position, not its risk.
Instead of broadcasting a swap that anyone can see and sandwich, you sign an intent describing the outcome you want. A solver competes to fill it and submits the transaction, so your order is not readable in the public mempool before it settles. Vaults ship first; routing follows.
No. Redeem any block. There is no epoch, no queue and no withdrawal delay in the contract.
The vault factory and six vaults are live on Robinhood Chain mainnet, at . Every figure in the app is read from those contracts at load, so what you see is what the chain holds. The contracts have not been audited.