Robinhood stock tokens on Robinhood Chain, split into a principal token and a yield token. Trade either half. Borrow against the first. Merge back any time.
Buy the principal token under par today, redeem it for the whole stock at maturity. The discount is your rate.
Four plain-English doors when you land. Markets, charts and a trade box when you want them. One screen, one wallet.
What you hold, what it earns, and four doors: earn a fixed rate, get paid dividends, borrow against a stock, split and merge.
Open the app →Every series in one table. Open one for the chart, the numbers and a trade box that quotes as you type.
See a market →Provide liquidity on the pools that set the rates, or lend USDG on Morpho against pSPY.
See the pools →A stock token pays its dividends by growing your balance. PARE splits that growth off into its own token.
SPYbecomes pSPYthe share, delivered at maturity, and ySPYevery dividend until then.
Sell the dividends and keep the share at a discount. Or buy just the dividends. Or buy the principal under par and lock in a fixed rate.
Hold both halves and merge them back into the stock token whenever you want. No fee, no lockup, no maturity to wait for.
Every contract is verified on Robinhood Chain. Read it yourself before you use it.
Security review by Pashov Audit Group. No critical or high findings. Every medium and low fixed and re-reviewed. Read the report.
Your tokens sit in your wallet the whole time. Split, trade, merge. Nothing is pooled with anyone else's.
The same price feed PARE uses on Morpho is public. Any lending market on Robinhood Chain can read it.
Log in with an email or a wallet. Add money from a bank, from Robinhood, or from any chain.