Docs / Phase 2 backing
This is phase 2.
Stock tokens you can check against custody.
oddlot plans to issue its own stock tokens for listed small caps. A custodian will attest the share count on chain, and the contract will refuse to mint past it. None of this is live today.
Planned
Shares held by a custodian
Planned
1 token · 1 share
Attestation
—
Published at launch
Supply to shares
1 : 1
Supply × multiplier ≤ attested shares
Chain
Robinhood Chain
Planned network
What the design checks.
The mint controller stores the last attested share count, its timestamp and the attestor. A mint that would push supply past the attestation reverts. A redeem or a corporate action marks the attestation stale until the custodian signs a new one.
Checks in the design
4checks
Mint cap, staleness, daily limits, signed attestations.
Daily mint limit
Per tokenper day
Caps what a leaked key can mint.
Reverse splits
MultiplierHandled
A split marks the token stale until it is attested again.
Caveat
Phase 2 is not live. No oddlot stock token exists yet, and no audit of the contracts has been completed. Today each coin quotes in Robinhood's own stock tokens.
The mint reverts if supply would pass the shares the custodian attested.
The instrument
Small-cap shares, tokenized.
Shares Robinhood Chain does not list, held by an SPV and minted 1:1.
TICKERxPhase 2One token for one share held in custody.
An SPV would buy the shares through a broker and hold them with a custodian. The custodian signs the share count, the controller checks the signature on chain, and only the market maker can mint or redeem against it. You would buy and sell the token on its pool.
Underlying
Listed shares held by the SPV
Status
Phase 2, not live
Backing
Custodian attestation, supply capped at attested shares
Pending
Published at launch
Invariant
Supply to shares 1 : 1
Checked on each mint
Read first
TICKERx does not exist yet. This page describes a plan, and the plan can change before launch.
Who this is for
What it would add.
Status
Mint controller
Designed. Not deployed. Not audited.
We publish the plan so you can read it before the product exists. You cannot trade anything on this page.
Planned flow
Current state
Quotes today
Robinhood stock tokens
Audit
None completed
US persons
Not available to US persons
Contracts
Published on Blockscout at deploy
Why small caps.
Robinhood Chain lists 54 stock tokens today. Memes chase smaller tickers than that list covers, so phase 2 adds shares it misses.
GME, AMC, DJT, USAR, PLTR, HIMS.
A real custodian
An SPV holds the shares and a custodian signs the count.
A readable attestation
The share count, its date and the signer sit on chain for anyone to check.
One controller
One controller covers all tickers, with one attestor and one set of roles.
Read more.
The rules behind the plan.
DesignThe mint cap
Token supply times the split multiplier must stay at or below the attested share count. The controller checks it on each mint, and a redeem or a split resets the attestation.
AnalysisWho can mint
Only the market maker role can mint and redeem, like an ETF's authorised participant. Retail trades the token on the pool.
Which describes you?
Traders
I want to trade today
Buy memes quoted in GME, AMC, DJT, USAR, PLTR or HIMS.
Creators
I want to launch
Pick a live stock token as the quote and launch in one transaction.
Developers
I want to read the code
Read the launchpad, curve and locker contracts on Blockscout.
Important information
TICKERx is a planned phase 2 product and does not exist today. oddlot has not deployed it, and no audit of any oddlot contract has been completed. Memecoins on oddlot are speculative and can lose all value. A coin quoted in a stock token also moves with that stock. Third parties issue the stock tokens used as quotes and can change how they work. oddlot is not available to US persons.
Full risk disclosure