RobinPay

RobinPay harvests against the dividend factor, never the raw multiplier. A stock token moves the same number for a dividend and for a split, but only a dividend is income. RobinPay sells exactly the surplus a dividend creates: stockHeld times (D1 minus D0) over D1. A split moves nothing, so principal is never touched.

This is the income routing in real time. The /live page reads the SGOV vault straight off Robinhood Chain: principal in, the dividend factor, the harvestable surplus, then the USDG payout. Every number links to its transaction on Blockscout.