Fletch

Robinhood now pays your dividends up to a month early. Fletch takes that further: it makes the dividend itself something you can trade. On Robinhood Chain, Fletch splits a tokenized stock into two tokens, one for its value and one for its dividend. That gives you three ways to earn: • Buy the value token at a discount and hold it for a fixed, predictable yield. • Buy the dividend token cheap for leveraged upside if the payout comes in strong. • Or sell your future dividends for cash today, instead of waiting for them. Robinhood gets you paid sooner. Fletch lets you trade the payout itself. Mainnet contracts are already deployed on Robinhood Chain, opening one market at a time. Ca: 0x3450598e419aBB5609f60e4B2Fda127ff0897777 Tg: t.me/FletchFinance Website: fletch.finance

Vlad is right that dividend hounds are going to love this. Getting paid 17 days early matters if dividends are your strategy. Fletch is built for those same people, one layer deeper. On Robinhood Chain mainnet, we split a Stock Token into a fixed-yield PT and a dividend-exposure YT — so the dividend isn't just early anymore, it's an asset you can trade, price, and lock a rate on. Faster payouts on the app, tradeable payouts on the chain. SGOV, SPY, and USO are live now, with fixed yields up to ~7%. The hounds have a new hunting ground.

This week at Fletch. → The call with the Robinhood Chain team. Fletch, the ecosystem, and where we plug in. Your 10 best questions come with us, and we report back after. → More markets going live. Three open now (SGOV, SPY, USO), the next in the queue clear their smoke tests and open. → Quiver development. Dividend baskets — one token, every dividend, weighted. Design hardening into spec. → Bullseye development. Looped PT leverage targeting 8–12%, one deposit. Same stage, same pace. → The $FLETCH flywheel taking shape. Volume in, supply out. We build in the open. You'll see all of it as it happens.

Next week we're on a call with the Robinhood team. We build in the open, and our holders get a say in what gets asked. Comment what you want us to ask, the 10 best questions go into the call.

Update: The Robinhood team replied. We've booked a call for next week to talk through Fletch. Their focus is on products showing real PMF, and they've offered introductions, direct product feedback, and highlighting projects that deliver value to users. More after we speak. Fletch.finance

Fletch has developed significantly since inception. Today it's a live protocol on Robinhood Chain mainnet. What’s shipped? Protocol core deployed. Vault, factory, router, and a classifier that tells dividends from splits behind a 24-hour dispute window and a guardian pause. 25 markets deployed, every contract verifiable on the explorer. Three markets open: SGOV, SPY, USO. Each one clears a live smoke test before it opens. Nothing goes public unproven. USO pays a fixed ~7% to December 2026, the highest rate on the board. First on-chain dividend settled. Split, accrue, redeem. Proven end to end on mainnet. The full app runs on mainnet. Split stocks, LP for a cut of the 0.30% swap fee, track positions, earn points. One invariant under all of it: PT plus YT always equals the deposit. No debt. No liquidations. What’s next? More markets, opening in sequence. A security audit. The contracts are live and unaudited, and we won't pretend otherwise. External review of the invariant, the classifier, and the vault before we widen access. Quiver: dividend baskets. One token, every dividend, weighted. In design. Bullseye: leverage. Loop PT to 8–12% in one deposit. In design. $FLETCH utility. A cut of every swap fee buys the token and burns it. Volume in, supply out. The fee engine is already running. And we've opened the conversation with the Robinhood Chain team: grants, ecosystem listing, a model ERC-8056 integration. $1.6 trillion in dividends gets paid every year. None of it was ever tradeable. Robinhood put the stocks on-chain. We're making their yield a market. Fixed yield is live. Audited before scaled. Sincerely, Fletch CEO & Team. fletch.finance

The $FLETCH flywheel. Every swap on Fletch pays a 0.30% fee. The design routes a cut of that fee to buy $FLETCH off the market and burn it, with a share flowing to stakers. Trade → Fees → Buyback → Burn. The fee engine is already live: three markets open on Robinhood Chain mainnet, more this week. Every market that opens spins the wheel faster.

$USO is now live on Robinhood Mainnet. The United States Oil Fund is the third market to open on Fletch today, alongside SGOV and SPY. PT-USO locks a fixed ~7% to Dec 31 2026. Deposit USO and receive: → PT-USO — fixed ~7% locked to Dec 31 2026, trading at a discount to par → YT-USO — leveraged exposure to USO's payout stream Three markets live. More opening this week. fletch.finance

7% fixed on oil. The highest yield on Fletch. A fixed 7% yield, higher than Treasuries, savings, and USDG combined with none of them close. 7% fixed on oil. T-bills pay 4.8%. USDG pays 4%. This pays 7%. 7% locked to maturity. Nearly double what your cash earns.

Oil is coming to Fletch on Robinhood Chain mainnet today. USO splits into a Principal Token and a Yield Token. The PT trades at a discount and accrues to par at maturity, so you lock a fixed yield the moment you buy, independent of where crude goes. The YT takes the price and payout exposure the PT sheds. PT plus YT always equals the deposit, so there is no debt and no liquidation engine. Two legs, one underlying, cleanly partitioned. Ships paused, opens after a smoke test. Pools go up today. fletch.finance/trade/USO-DEC2…

What's next for Fletch. 1. More markets, opening in sequence. 25 markets are deployed on Robinhood Chain mainnet. Each one ships deposits-paused and opens only after a live smoke test, so every market that goes public is proven first. SGOV is live, the next are close behind, and the rest follow one at a time. Each splits into a fixed-yield PT and a dividend-exposure YT. 2. Quiver — dividend baskets. In design. Right now you hold one dividend at a time. Quiver bundles the best dividend YTs into a single basket token that earns the weighted average of its members. One name cuts its dividend, the rest carry it. Shared maturity means one clean redemption, and pooling into one market means deeper liquidity. Diversified dividend exposure in a single token. 3. Bullseye — leverage. In design. Fixed yield is safe but capped near the underlying rate. Bullseye loops PT into leverage in a single deposit: the vault buys PT, borrows against it, buys more, and repeats to your target. The whole stack earns the yield while you pay interest only on the borrow, targeting an 8 to 12% range. PT is calm collateral and the vault deleverages before liquidation. It ships after a lending market exists to borrow against. 4. A security audit. The contracts are live but unaudited. A formal external audit is the top priority before we widen access and grow deposits. Safety first, always. 5. Deeper liquidity. As markets open, we're focused on seeding real depth so trades move the price less and the fixed and dividend legs both price cleanly. Fixed yield is live. Diversified and amplified are next, and safety underpins all of it.

Robinhood's Early Dividends gets the dividend into your account sooner. Fletch takes the next step: it makes the dividend itself tradeable. Here's how. Fletch splits a Stock Token into two parts. One is a Principal Token that trades at a discount and grows to full value at maturity, so you lock in a fixed yield. The other is a Yield Token that carries the dividend exposure, so you get amplified exposure to the payout for a fraction of the capital. PT plus YT always equals the whole stock, so there are no liquidations and no bad debt. Early Dividends pays it early. Fletch makes it a market.

Oil is one of the most unpredictable assets on earth. One headline out of the Strait of Hormuz, one conflict, and the price whips. Fletch lets you stop betting on the direction and lock a fixed 6.98% to maturity instead. Split USO, take the Principal Token, and earn a known rate through the volatility. fletch.finance/trade/USO-DEC2…

Just emailed the Robinhood team about a grant, an ecosystem listing, and a call. Fletch is already live on their mainnet: dividend yield-stripping that splits a Stock Token into fixed yield + dividend exposure. First on-chain dividend already settled. Building where it belongs.

Coming to Fletch on Robinhood Chain Mainnet. Quiver bundles the best dividend YTs into a single basket that earns the weighted average of them all, so no single name can sink you. Shared maturity, deeper liquidity, one clean redemption. Fletch.finance

How Quiver works, coming to Fletch on Robinhood Chain mainnet. Today you buy one dividend at a time. Quiver bundles the best dividend Yield Tokens into a single basket token, so one position holds many dividends at once. A basket earns the weighted average of its members. If one company cuts or misses a dividend, the others carry it, so no single name can sink you. Smoother yield, spread risk. Members share one maturity, so the whole basket redeems in a single step at the end. And pooling into one market means deeper liquidity than many thin ones. Diversified dividend exposure, in one token. In design now. fletch.finance/quiver

Every year, companies pay out over $1.6 trillion in dividends to shareholders worldwide. For all that money, the dividend has never been a thing you could trade. It just shows up in your account and you wait for the next one. Fletch changes that. Split a stock into two tokens: one locks a fixed yield, the other is pure dividend exposure you can buy, sell, or hold. Live on Robinhood Chain mainnet.

What's coming this week for Fletch. More markets going live. Every market ships deposits-paused and opens only after a live smoke test, so nothing goes public until it's proven. SGOV is open, the next is close behind, and the rest of the 25 follow in sequence. As each opens, you can split it into a fixed-yield PT and a dividend-exposure YT. Quiver, taking shape. Right now you buy one dividend at a time. Quiver bundles the best dividend YTs into a single basket token, so one position gives you diversified dividend exposure instead of a bet on one name. Weighted, tradeable, and redeemable at a shared maturity. First preview this week. Bullseye, taking shape. Fixed yield is safe but capped near 4.8%. Bullseye loops PT into leverage in a single deposit: the vault buys PT, borrows against it, buys more, and repeats to your target. The whole stack earns the yield while you pay interest only on the borrow, targeting an 8 to 12% range. PT is calm collateral and the vault deleverages before liquidation. Variable, and it needs a lending market underneath it. First preview this week. Fixed yield is live. This week we widen it and amplify it.

One week of fletch on Robinhood Mainnet. ✅ Protocol core and 25 markets deployed, all verifiable on the explorer. ✅The first 2 are open to trading, starting with SGOV, with the rest opening in sequence. ✅First on-chain dividend settled through the keeper. ✅The whole app moved off testnet. Next up: Quiver (baskets) and Bullseye (leverage), both in design.

17 days early is a great start. On Robinhood Chain, we took it further: Fletch splits the dividend off the stock entirely, so you can sell it, basket it, or lever it. Not just paid early. Made tradeable.

Bullseye is leverage on a fixed yield, in one deposit. You put in $10,000. The vault buys PT, posts it as collateral, borrows against it, buys more PT, and loops until it hits your target. Now you control ~$30,000 of PT earning 4.8%, paying interest only on what you borrowed. Net ~$1,040 on $10,000. That's 8–12% depending on leverage and rates; ~10% is the midpoint. PT is calm collateral, it trends toward face value as it matures, so the loop rarely has to move. And the vault deleverages itself before liquidation, not after. The yield is variable. It moves with the borrow rate. This is leverage, know what you're holding. Fletch. Split it. Basket it. Bullseye it.