Peel
A charcoal disc with a bone-ivory sheet peeling off its edge

Robinhood Chain · private beta

Peel the yield off.

Anything that earns splits into two tokens. Keep is the bag you get back. Drip is the yield until then. Sell one. Hold one. That is the whole protocol.

Get inPeel it yourself

Keep

The bag. 1:1 at expiry.

Drip

The yield until then.

The cut

Two tokens. That is the whole trick.

A bag that earns is two claims glued together: the money back later, and the yield until then. Peel unglues them so you can trade each one.

Keep

The bag.

Worth exactly one of the underlying on a date. You buy it under one. You wait. You redeem. The gap is your APY. Locked. Sleep.

  • Buy cheap, redeem at face. That is a fixed rate.
  • You do not care what the pool earns after you buy.
  • Hold to expiry or sell it whenever.

Drip

The yield.

You do not own the bag. You own whatever it earns until that date. If rates go up, you print. If they go to zero, Drip is zero. That is the trade.

  • Cheap to buy. Levered long on the rate.
  • Dies at expiry. Yield already paid out along the way.
  • Sell your Drip if you just want the bag, locked.
A dense coin beside a curling bone-ivory ribbon — Keep and Drip

Keep

The bag. Locked rate.

Drip

The yield. A bet.

The bag on one side.
The drip on the other.

Same deposit. Two prices. One of them is a locked rate. The other is a bet.

The lab

Peel it yourself.

Pick a market. Pick a side. See the trade in dollars, not jargon. Quotes are indicative — the real book opens with the beta.

Market

Side

USDG

Keep

USDG Earn · 45d · Morpho · Steakhouse

Keep 0.9897

You pay
$989.75
You receive
1000.00 Keep
Redeem at expiry
$1,000.00
Locked APY
8.4%
Profit if held
$10.25
What the pool does after
Doesn't matter

Pay $989.75 today. Get $1,000.00 of USDG back in 45 days. The pool can go quiet. You still get paid.

Lock this rate

Markets

First book on Robinhood Chain.

USDG Earn, LSTs, private credit, and yield on tokenized names. Indicative quotes. Not live.

USDG Earn

Morpho · Steakhouse

8.4%

Underlying
7.1%
Tenor
45d
TVL
12.4M

sUSDe

Ethena

11.2%

Underlying
9.4%
Tenor
45d
TVL
8.2M

Maple USDC

Maple

9.1%

Underlying
8.1%
Tenor
136d
TVL
4.7M

wstETH

Lido

3.8%

Underlying
3.2%
Tenor
45d
TVL
6.1M

NVDA lend

Stock Token · Morpho

5.6%

Underlying
4.6%
Tenor
45d
TVL
3.3M

AAPL lend

Stock Token · Morpho

4.9%

Underlying
3.9%
Tenor
45d
TVL
2.1M

GOOGL lend

Stock Token · Morpho

5.2%

Underlying
4.1%
Tenor
136d
TVL
1.8M

How

Three moves. No new words to learn.

01

Deposit something that earns.

USDG Earn. wstETH. Maple. Yield on a tokenized name. If it pays, Peel can cut it.

02

Peel it into Keep and Drip.

Keep is a claim on the bag at expiry. Drip is a claim on every dollar it earns until then.

03

Sell one. Hold one. Or trade both.

Want a locked rate? Keep the Keep, sell the Drip. Want levered yield? Buy the Drip, skip the bag.

Robinhood Chain

Built where the assets actually are.

There is no yield book on this chain yet. Spot is live. Lending is live. The cut between the bag and the drip is not. That is Peel.

  • Stock tokens, not just stables.

    Robinhood Chain is where NVDA, AAPL, and GOOGL already live as tokens. If they earn, Peel peels them. That market does not exist anywhere else.

  • USDG Earn is a rate.

    Morpho is paying on USDG. That rate moves. Someone wants it locked. Someone wants it levered. Peel is the book in the middle.

  • Open L2. 24/7.

    Arbitrum stack, Uniswap for spot, Chainlink for feeds. Peel sits on top and turns yield into something you can trade.

A charcoal disc with a bone-ivory sheet peeling off its edge
A dense coin beside a curling bone-ivory ribbon

Get in

First 500 get the peel.

No points theater. No waitlist NFT. When the book opens on Robinhood Chain, you hear first.

I'm here to

Questions

Straight answers.