HoodETF
HoodETF is an on-chain protocol for creating and trading baskets of tokenized stocks on Robinhood Chain. Anyone can bundle real tokenized equities (NVDA, AAPL, TSLA, …) into a single tokenized basket — an on-chain ETF — that other people can buy, hold, and redeem, while the basket's creator earns a share of the fees.
Every basket is a smart-contract vault that custodies the underlying stock tokens and issues ERC-20 shares. Buying mints shares; redeeming burns them and returns the underlying. Redemption is always open and does not depend on an oracle — the vault is designed so you can always get your proportional slice of the underlying back.
What you can do
- Browse & buy — explore live baskets, see their holdings, weights, NAV, and fees, and buy in with a single stablecoin (USDG) via a one-click zap, or by depositing the underlying tokens directly (in-kind).
- Redeem & sell — burn shares to get the underlying back in-kind, or zap out to USDG in one transaction.
- Create a basket — pick 2–20 whitelisted constituents and their weights, set your fees, seed it from your own wallet, and deploy. You become the basket's on-chain creator and earn 90% of its fees.
Key properties
| Property | How it works |
|---|---|
| Real backing | Each basket holds the actual tokenized stocks on-chain. Balances are verifiable at any time. |
| Open redemption | redeemInKind is permissionless and can never be paused — the vault's solvency guarantee. |
| Oracle-free core | Mint and redeem are pro-rata on the vault's real token balances. Price feeds are used only for display, zap pricing, and fee accounting — never to gate deposits or withdrawals. |
| Non-custodial creation | Baskets are deployed from the creator's own wallet; the creator address is recorded on-chain and receives fees directly. |
| Immutable baskets | A basket's constituents and fee schedule are fixed at deploy. There is no admin key that can seize or rug a basket's assets. |
| Transparent fees | Entry ≤ 3%, exit ≤ 1%, management ≤ 3%/yr. Every fee is split 90% to the creator, 10% to the protocol. |
How it fits together
HoodETF has three layers:
- Smart contracts on Robinhood Chain (chain id 4663) — the baskets, the factory that deploys them, the token whitelist, and the zap periphery that routes one-click buys through Uniswap v4.
- A backend indexer + API that watches the chain, computes NAV, ranks baskets, builds zap quotes, and serves everything over a REST API.
- A web app (
app.hoodetf.org) for browsing, trading, and creating baskets.
Start with Architecture for the big picture, Core concepts for the vocabulary (NAV, shares, in-kind vs. zap), or jump straight to the Smart contracts reference.
HoodETF is experimental software. Nothing here is financial advice; creators are not licensed advisers. See Security & risk before interacting.