A Chain Famous for Stocks Holds $1 Billion Earning Interest: Five Traps in Reading Its Data
Robinhood Chain is famous for stock tokens, but its ledger is mostly dollars: about $1.045 billion in stablecoins, mainly lent out, against $185 million of stock tokens. This piece maps the chain's eight asset classes by source of return and exit speed, and walks through five common traps in reading its data: double counting, aggregator prices, the dividend multiplier, user-only rewards, and quotes that are not fills.
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