Protocols / PARE
PARE
Interest Rate DerivativesYield splitting for Robinhood Chain Stock Tokens. A stock token is split into a principal token (the stock at a discount, redeems 1:1 at maturity) and a yield token (every dividend until maturity). Both trade on Uniswap v3; the principal token is collateral on Morpho Blue
Chain breakdown
Robinhood Chain$44.84k