Y
YEW[RHC]
NVDA178.50+1.24%|AAPL234.30+0.56%|TSLA412.80-0.82%|MSFT465.20+0.31%|META598.40+1.05%|GOOGL192.70+0.42%|AMZN224.60-0.15%|AMD224.10+2.10%|COIN345.60+3.24%|PLTR142.30+1.88%|NVDA178.50+1.24%|AAPL234.30+0.56%|TSLA412.80-0.82%|MSFT465.20+0.31%|META598.40+1.05%|GOOGL192.70+0.42%|AMZN224.60-0.15%|AMD224.10+2.10%|COIN345.60+3.24%|PLTR142.30+1.88%|NVDA178.50+1.24%|AAPL234.30+0.56%|TSLA412.80-0.82%|MSFT465.20+0.31%|META598.40+1.05%|GOOGL192.70+0.42%|AMZN224.60-0.15%|AMD224.10+2.10%|COIN345.60+3.24%|PLTR142.30+1.88%|

// DOCUMENTATION.YEW

HOW IT
WORKS

// SECTION: PROTOCOL_FLOW002

01

DEPOSIT

Lock RHC stock token. Multiplier snapshot recorded at deposit block.

02

SPLIT

Receive PT (principal claim) + YT (yield rights) at 1:1 ratio.

03

TRADE

PT and YT are independent ERC-20s. Swap on any DEX or hold.

04

REDEEM

At maturity: PT → full principal. YT → accumulated yield.

// SECTION: TOKEN_COMPARISON003
PT

PRINCIPAL TOKEN

REPRESENTSPrincipal claim on deposited stock
PRICE PATH$0.97 → $1.00 (appreciating)
RISKLow — fixed income
YIELDLocked at deposit time
USE CASEFixed-yield farming, hedging
YT

YIELD TOKEN

REPRESENTSRight to all multiplier growth
PRICE PATH$0.03 → $0.00 (decaying)
RISKHigher — variable yield
YIELDCaptures ERC-8056 multiplier delta
USE CASEYield speculation, leverage
// SECTION: ERC-8056_DEEP_DIVE004

WHAT IS ERC-8056?

ERC-8056 is the corporate-action standard used by stock tokens on Robinhood Chain. When a company pays a dividend, the multiplier increases instead of minting new tokens.

This means raw balance stays fixed, but effective value grows over time. Yew captures this multiplier delta as tradeable yield.

// EXAMPLE: NVDA PAYS DIVIDEND

> Before dividend:

multiplier = 1.0000000x

> After $0.01 dividend:

multiplier = 1.0000562x

> YT holder captures delta:

0.0000562 × balance = yield

PT holder unaffected

> Clean separation of principal + yield.

// SECTION: FREQUENTLY_ASKED005

PT represents your principal deposit. It appreciates from ~$0.97 to exactly $1.00 at maturity. Hold it to get your original stock tokens back.

// READY_TO_START

START SPLITTING

Open the terminal and explore live vaults on Robinhood Chain.

OPEN MARKETS →