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After thinking about it, I feel like I was too conservative yesterday. The logic behind stock token LPs on RobinHood Chain is: The FDV of the stocks themselves is huge; But the on-chain TVL is very small (hasn’t been fully mapped over); Plus, there are these stubborn retail investors from who-knows-where insisting on buying stocks on RH Chain ♂️ This results in stock token LPs taking on lower risks compared to traditional crypto LPs, while earning higher fees. Take ZM, for example—it’s Zoom. Yesterday, the single-day APR was over 40,000%. You’re not even worried about it going to zero, so it feels like a pretty good speculative LP target. Of course, the TVL of this pool is only around $100K. Considering RH doesn’t let retail investors subscribe to these RWAs (can’t mint them), you’d just throw in a small amount for fun. It’s not something you’d allocate big capital to.
