{
  "schema_version": "1.0",
  "title": "Robinhood Chain liquidity-treasury readiness (with Base comparison)",
  "research_cutoff_utc": "2026-09-25T03:45:00Z",
  "retrieval_window_utc": {
    "start": "2026-09-25T03:16:04Z",
    "end": "2026-09-25T03:40:00Z"
  },
  "status_vocabulary": {
    "verified": "Confirmed from a primary source AND/OR direct on-chain observation made during the retrieval window.",
    "announced": "Stated by an official or credible source, but not independently confirmed on-chain in this study.",
    "conditional": "Technically available now, but depends on a published restriction, a discretionary control, or a factor this study cannot determine (e.g. legal eligibility).",
    "unverified": "No adequate primary evidence found within the search scope; this is not proof of absence.",
    "unsupported": "Public evidence found in scope contradicts or does not support the capability for this network."
  },
  "method": {
    "onchain_access": "Read-only JSON-RPC calls (eth_chainId, eth_getCode, eth_call, eth_getLogs, eth_getStorageAt) against the official public RPCs https://rpc.mainnet.chain.robinhood.com, https://rpc.testnet.chain.robinhood.com and https://mainnet.base.org. Transfer checks were eth_call simulations only; no transactions were signed or sent.",
    "documents": "Official Robinhood docs (fetched via Internet Archive snapshots because docs.robinhood.com returned HTTP 429 to direct requests), the Robinhood asset registry API, the official Uniswap deployment registry, Uniswap and Base blogs, base.org/stocks, and news coverage (The Block) used only as secondary corroboration.",
    "representative_items": [
      "META Robinhood Stock Token (0xc0D6457C16Cc70d6790Dd43521C899C87ce02f35)",
      "USDG stablecoin (0x5fc5360D0400a0Fd4f2af552ADD042D716F1d168)",
      "WETH (0x0Bd7D308f8E1639FAb988df18A8011f41EAcAD73)",
      "Uniswap v4 on Robinhood Chain (PoolManager 0x8366a39cc670b4001a1121b8f6a443a643e40951), incl. META/USDG 0.30% pool",
      "Coinbase Tokenized Stock NVDAc on Base (0xb20000000000000000000078ee7ce2fe4908108c)"
    ]
  },
  "capabilities": [
    {
      "id": "rh_mainnet_live",
      "capability": "Robinhood Chain public mainnet is live",
      "network": "Robinhood Chain mainnet (chain ID 4663)",
      "status": "verified",
      "evidence": "eth_chainId returned 0x1237 (4663). Latest block 71,899,342 at 2026-09-25T03:16:38Z. Block 1 timestamp 2026-04-30T16:52:11Z (pre-public operation); public launch reported 2026-07-01.",
      "source_urls": [
        "https://web.archive.org/web/20260920230320/https://docs.robinhood.com/chain/connecting/",
        "https://www.theblock.co/post/406918/robinhood-chain-goes-live-mainnet-alongside-24-7-tokenized-stocks-lighter-perps-planned-crypto-agentic-trading",
        "https://rpc.mainnet.chain.robinhood.com"
      ],
      "addresses": [],
      "observed_activity": [
        {"observed_at_utc": "2026-09-25T03:16:38Z", "what": "latest block 71899342 produced", "demonstrates": "chain is producing blocks"}
      ],
      "limitations": "Liveness only; says nothing about any specific application."
    },
    {
      "id": "rh_testnet",
      "capability": "Robinhood Chain testnet available",
      "network": "Robinhood Chain testnet (chain ID 46630)",
      "status": "verified",
      "evidence": "eth_chainId returned 0xb626 (46630); latest block 123,911,887 at 2026-09-25T03:16:39Z; Blockscout testnet stats API responded (282.7M total txs).",
      "source_urls": [
        "https://web.archive.org/web/20260920230320/https://docs.robinhood.com/chain/connecting/",
        "https://explorer.testnet.chain.robinhood.com/"
      ],
      "addresses": [],
      "observed_activity": [
        {"observed_at_utc": "2026-09-25T03:16:39Z", "what": "latest testnet block 123911887", "demonstrates": "testnet live"}
      ],
      "limitations": "Testnet contracts and activity are NOT treated as evidence of mainnet capability anywhere in this study."
    },
    {
      "id": "rh_public_rpc",
      "capability": "Public RPC endpoint",
      "network": "Robinhood Chain mainnet (4663)",
      "status": "verified",
      "evidence": "https://rpc.mainnet.chain.robinhood.com answered all read calls. It rate-limits (HTTP 429) and caps eth_getLogs at 10,000 results per query; official docs say public endpoints are 'rate-limited and not recommended for production' and recommend Alchemy or other providers.",
      "source_urls": [
        "https://web.archive.org/web/20260920230320/https://docs.robinhood.com/chain/connecting/"
      ],
      "addresses": [],
      "observed_activity": [],
      "limitations": "A production treasury would need a provider endpoint (not tested; paid services out of scope)."
    },
    {
      "id": "rh_public_explorer",
      "capability": "Public block explorer",
      "network": "Robinhood Chain mainnet (4663)",
      "status": "conditional",
      "evidence": "Official docs list robinhoodchain.blockscout.com. Non-browser requests to it received a Cloudflare challenge page, so explorer data (verified source code, labels) could not be retrieved in this study; all on-chain facts were obtained via RPC instead.",
      "source_urls": [
        "https://web.archive.org/web/20260920230320/https://docs.robinhood.com/chain/connecting/",
        "https://robinhoodchain.blockscout.com/"
      ],
      "addresses": [],
      "observed_activity": [],
      "limitations": "Explorer likely works in a normal browser; verified-source status of contracts not checked."
    },
    {
      "id": "rh_permissionless_deploy",
      "capability": "Permissionless third-party contract deployment",
      "network": "Robinhood Chain mainnet (4663)",
      "status": "verified",
      "evidence": "Inference from on-chain data: many unaffiliated tokens (e.g. WUG, MALA, PEAR) and third-party hook contracts (e.g. 0x4e3468951d49f2eea976ed0d6e75ffcb44a9a544) are live and in use; 33 new v4 pools were initialized in an ~8.5-minute sample. Robinhood docs list a Foundry contract-deployment tutorial (page identified via search; not retrieved, HTTP 429).",
      "source_urls": [
        "https://docs.robinhood.com/chain/deploy-smart-contracts",
        "https://rpc.mainnet.chain.robinhood.com"
      ],
      "addresses": ["0x4e3468951d49f2eea976ed0d6e75ffcb44a9a544"],
      "observed_activity": [
        {"observed_at_utc": "2026-09-25T03:09:45Z/2026-09-25T03:18:11Z", "what": "33 Initialize events on v4 PoolManager in blocks 71895266-71900265", "demonstrates": "third parties create pools/tokens freely"}
      ],
      "limitations": "No deployment was performed by this study. A sequencer-level sanctions filter is claimed by secondary sources (unverified)."
    },
    {
      "id": "rh_stock_tokens_onchain",
      "capability": "Robinhood Stock Tokens exist as ERC-20s accessible to independent contracts",
      "network": "Robinhood Chain mainnet (4663)",
      "status": "verified",
      "evidence": "Official registry api.robinhood.com/rhj/assets returned 195 assets, all ASSET_STATUS_ACTIVE, all deployed only on chainId 4663. Docs: 'standard ERC-20 tokens ... 18 decimals', ERC-8056 multiplier. META totalSupply 7,780.44 tokens; META is held by the Uniswap v4 PoolManager (3,845.6 META).",
      "source_urls": [
        "https://api.robinhood.com/rhj/assets",
        "https://web.archive.org/web/20260921050141/https://docs.robinhood.com/chain/stock-tokens/",
        "https://web.archive.org/web/20260820220828/https://docs.robinhood.com/chain/contracts/"
      ],
      "addresses": [
        "META 0xc0D6457C16Cc70d6790Dd43521C899C87ce02f35",
        "TSLA 0x322F0929c4625eD5bAd873c95208D54E1c003b2d",
        "AMZN 0x12f190a9F9d7D37a250758b26824B97CE941bF54",
        "SPY 0x117cc2133c37B721F49dE2A7a74833232B3B4C0C"
      ],
      "observed_activity": [
        {"observed_at_utc": "2026-09-25T03:21:35Z", "what": "META Transfer tx 0x5c33cc296e9795da5f9335229cc596d89567a7bbe7ad1ddcd2e335031aac82d6", "demonstrates": "token moves on-chain between third-party addresses"}
      ],
      "limitations": "Docs warn that same-ticker tokens at other addresses are not Robinhood Stock Tokens; only registry addresses should be trusted."
    },
    {
      "id": "rh_stock_token_contract_controls",
      "capability": "Contract-level transfer restrictions on Stock Tokens",
      "network": "Robinhood Chain mainnet (4663)",
      "status": "verified",
      "evidence": "All four sampled tokens are beacon proxies sharing beacon/registry 0xe10b6f6b275de231345c20d14ab812db62151b00 (implementation 0xb35490d6f9163de4f80d88dc75c3516eb64c5ae2). Implementation selectors include isBlocked(address), error Blocked(address), ACCESS_CONTROLLED_REGISTRY(), pause()/unpause(), tokenPaused(), adminBurn(address,uint256), mint/burn, updateMultiplier, hasRole. At cutoff: paused=false; isBlocked(PoolManager)=false; eth_call simulation of transfer(0.001 META) from an ordinary EOA holder to a fresh address, to 0x…dEaD and to the PoolManager all returned true. Interpretation: deny-list model with issuer pause/burn/upgrade powers, no allowlist observed.",
      "source_urls": [
        "https://rpc.mainnet.chain.robinhood.com",
        "https://web.archive.org/web/20260820220828/https://docs.robinhood.com/chain/building-with-stock-tokens/"
      ],
      "addresses": [
        "beacon/registry 0xe10b6f6b275de231345c20d14ab812db62151b00",
        "implementation 0xb35490d6f9163de4f80d88dc75c3516eb64c5ae2",
        "sample EOA holder 0x8b216cc896f32bcabca3649ca918d532f72010ef"
      ],
      "observed_activity": [
        {"observed_at_utc": "2026-09-25T03:22:00Z", "what": "eth_call transfer simulations succeeded", "demonstrates": "no allowlist gate on receivers at that block"}
      ],
      "limitations": "Selector names come from a public signature database and bytecode, not verified source. Upgradeable implementation means rules can change without notice. Function semantics (e.g. adminBurn scope) are inferred from names."
    },
    {
      "id": "rh_stock_token_published_eligibility",
      "capability": "Published eligibility / offering restrictions",
      "network": "Robinhood Chain mainnet (4663)",
      "status": "verified",
      "evidence": "Docs: Stock Tokens 'may not be offered, sold, or delivered ... in the United States or to ... U.S. persons'; offers restricted in other jurisdictions incl. Canada, UK, Switzerland; full list referenced at docs.robinhood.com/rhj. The Block also reports UAE and sanctioned jurisdictions excluded and availability in 120+ countries.",
      "source_urls": [
        "https://web.archive.org/web/20260921050141/https://docs.robinhood.com/chain/stock-tokens/",
        "https://www.theblock.co/post/406918/robinhood-chain-goes-live-mainnet-alongside-24-7-tokenized-stocks-lighter-perps-planned-crypto-agentic-trading"
      ],
      "addresses": [],
      "observed_activity": [],
      "limitations": "This study does not determine any person's or entity's legal eligibility. The full jurisdiction list (docs.robinhood.com/rhj) was not retrieved (HTTP 429)."
    },
    {
      "id": "rh_stock_token_rights_and_redemption",
      "capability": "Ownership claims and primary mint/redeem access",
      "network": "Robinhood Chain mainnet (4663)",
      "status": "verified",
      "evidence": "Docs: 'tokenised debt securities issued by Robinhood Assets (Jersey) Limited' giving economic exposure but 'not ... any legal or beneficial rights in, or against the issuer of, those underlying securities'. Mint/burn only by Authorised Participants after KYB (at issuance only BBVI); regular holders use secondary markets. Tokenization window Mon 02:00 - Sat 02:00 CET.",
      "source_urls": [
        "https://web.archive.org/web/20260921050141/https://docs.robinhood.com/chain/stock-tokens/",
        "https://web.archive.org/web/20260820220828/https://docs.robinhood.com/chain/building-with-stock-tokens/"
      ],
      "addresses": [],
      "observed_activity": [],
      "limitations": "Prospectus / Final Terms not reviewed."
    },
    {
      "id": "rh_crypto_assets",
      "capability": "Crypto assets available for pairing (ETH, WETH, USDG)",
      "network": "Robinhood Chain mainnet (4663)",
      "status": "verified",
      "evidence": "Docs Token Contracts page lists WETH and USDG. Both appear in active v4 pools in the sample window; native ETH is the gas token and is used as currency0 (address 0) in v4 pools.",
      "source_urls": [
        "https://web.archive.org/web/20260820220828/https://docs.robinhood.com/chain/contracts/"
      ],
      "addresses": [
        "WETH 0x0Bd7D308f8E1639FAb988df18A8011f41EAcAD73",
        "USDG 0x5fc5360D0400a0Fd4f2af552ADD042D716F1d168"
      ],
      "observed_activity": [
        {"observed_at_utc": "2026-09-25T03:11:27Z", "what": "Swap in META/USDG pool, tx 0x466837e356abb1d2f8ce994d941dd42d357e06df227ad46b4bc5921f96ff56cf", "demonstrates": "USDG usable as pool asset"}
      ],
      "limitations": "USDG's own issuer controls (freeze etc.) were not examined."
    },
    {
      "id": "rh_uniswap_v4",
      "capability": "Official Uniswap v4 deployment",
      "network": "Robinhood Chain mainnet (4663)",
      "status": "verified",
      "evidence": "Listed in Uniswap's official v4 deployment registry under 'Robinhood Chain: 4663'. Bytecode present at PoolManager (24,009 B), PositionManager (23,877 B), Universal Router (24,546 B), Permit2 (9,152 B). Sample window 03:09:45-03:18:11Z: 9,133 Swap, 1,951 ModifyLiquidity, 33 Initialize events.",
      "source_urls": [
        "https://developers.uniswap.org/docs/protocols/v4/deployments",
        "https://blog.uniswap.org/robinhood-chain-is-live"
      ],
      "addresses": [
        "PoolManager 0x8366a39cc670b4001a1121b8f6a443a643e40951",
        "PositionManager 0x58daec3116aae6d93017baaea7749052e8a04fa7",
        "StateView 0xf3334192d15450cdd385c8b70e03f9a6bd9e673b",
        "Quoter 0x8dc178efb8111bb0973dd9d722ebeff267c98f94",
        "UniversalRouter 0x8876789976decbfcbbbe364623c63652db8c0904",
        "Permit2 0x000000000022D473030F116dDEE9F6B43aC78BA3"
      ],
      "observed_activity": [
        {"observed_at_utc": "2026-09-25T03:09:45Z/2026-09-25T03:18:11Z", "what": "9133 swaps, 1951 liquidity modifications on PoolManager", "demonstrates": "v4 heavily used; most volume is non-stock tokens"}
      ],
      "limitations": "Official registry + bytecode presence; bytecode was not byte-compared to audited release."
    },
    {
      "id": "rh_stock_token_lp_and_fees",
      "capability": "Third parties provide stock-token liquidity in a DEX pool and collect fees",
      "network": "Robinhood Chain mainnet (4663)",
      "status": "verified",
      "evidence": "Hookless Uniswap v4 pool USDG/META, fee 0.30%, tickSpacing 60, poolId 0x5875d407a42965b0e768c8925cea290e06fa50603ef34fc99eb92a1050e6ae36, initialized 2026-07-11T12:18:48Z. In the ~24h window 2026-09-24T03:41:40Z to 03:41Z next day: 24,564 swaps, 473 liquidity adds, 357 removes, 201 zero-delta modifications (the PositionManager fee-collect pattern). A sample of 17 recent adds came from 14 distinct senders (10 EOAs) via the official PositionManager. META appears in 2,835 v4 pools in total (2,626 with hooks; 102 vs USDG, 23 vs ETH, 1 vs WETH).",
      "source_urls": [
        "https://developers.uniswap.org/docs/protocols/v4/deployments",
        "https://api.robinhood.com/rhj/assets",
        "https://rpc.mainnet.chain.robinhood.com"
      ],
      "addresses": [
        "pool 0x5875d407a42965b0e768c8925cea290e06fa50603ef34fc99eb92a1050e6ae36 (USDG/META 0.30%)",
        "META 0xc0D6457C16Cc70d6790Dd43521C899C87ce02f35",
        "USDG 0x5fc5360D0400a0Fd4f2af552ADD042D716F1d168"
      ],
      "observed_activity": [
        {"observed_at_utc": "2026-09-25T03:32:56Z", "what": "liquidity add tx 0xb9cce8b5f368bda850e7a4880a8c4141cbbc64618f011374ff2edfd023a46748 from 0x7d8e70d7a8fde1751a82bc0611ce08622c542495 via PositionManager", "demonstrates": "an unaffiliated account added META/USDG liquidity"},
        {"observed_at_utc": "2026-09-25T03:15:17Z", "what": "zero-delta ModifyLiquidity tx 0x53f2a913db47639fd18aec6430429c67f0ab965a16b0961b054f9d791aee2492 from 0xc6be1e3b63ffa8f2b925b0558b5916bec966e902", "demonstrates": "fee collection pattern (inference: zero liquidity delta via PositionManager is how v4 fees are collected)"}
      ],
      "limitations": "Profitability, depth, impermanent loss and whether LPs were legally eligible were not assessed. Sender identities unknown. 24h counts rely on RPC log queries; a few ranges could have been missed if silently truncated."
    },
    {
      "id": "rh_uniswap_v2_v3",
      "capability": "Uniswap v2 / v3 on Robinhood Chain",
      "network": "Robinhood Chain mainnet (4663)",
      "status": "announced",
      "evidence": "Uniswap blog (2026-07-02): 'Uniswap v2, v3, v4, and UniswapX are live on Robinhood Chain'. v2 factory 0x8bceaa40b9acdfaedf85adf4ff01f5ad6517937f is in the official v2 registry and has bytecode (verified). v3 appears in the registry index but its address page was not retrievable, so v3 is not verified here.",
      "source_urls": [
        "https://blog.uniswap.org/robinhood-chain-is-live",
        "https://developers.uniswap.org/docs/protocols/v2/deployments"
      ],
      "addresses": ["UniswapV2Factory 0x8bceaa40b9acdfaedf85adf4ff01f5ad6517937f", "UniswapV2Router02 0x89e5db8b5aa49aa85ac63f691524311aeb649eba"],
      "observed_activity": [],
      "limitations": "No v2/v3 pool activity was sampled."
    },
    {
      "id": "rh_other_venues",
      "capability": "Other stock-token venues (Rialto propAMM, Lighter orderbook, 0x/1inch/LiFi RFQ, Arcus)",
      "network": "Robinhood Chain mainnet (4663)",
      "status": "announced",
      "evidence": "Named in Robinhood 'Building with Stock Tokens' docs and in launch coverage. RFQ relies on off-chain market-maker quotes; a treasury cannot LP into RFQ.",
      "source_urls": [
        "https://web.archive.org/web/20260820220828/https://docs.robinhood.com/chain/building-with-stock-tokens/",
        "https://www.theblock.co/post/406918/robinhood-chain-goes-live-mainnet-alongside-24-7-tokenized-stocks-lighter-perps-planned-crypto-agentic-trading"
      ],
      "addresses": [],
      "observed_activity": [],
      "limitations": "Contract addresses and activity for these venues were not checked; whether they accept third-party LPs is unknown."
    },
    {
      "id": "rh_consumer_vs_developer",
      "capability": "Consumer-app products vs developer-accessible assets",
      "network": "Robinhood Chain mainnet (4663)",
      "status": "verified",
      "evidence": "Consumer products (Robinhood app / Robinhood Wallet 24/7 Stock Token trading for eligible users, Robinhood Earn in the U.S., Lighter perps, planned Agentic Accounts) are account-based services. Developer-accessible surface is the on-chain ERC-20 contracts, WETH/USDG, Chainlink feeds (documented) and third-party DEXs. Minting stock tokens is not available to developers (AP/KYB only).",
      "source_urls": [
        "https://robinhood.com/us/en/newsroom/robinhood-accelerates-global-expansion-robinhood-chain-mainnet-stock-tokens-agentic-trading/",
        "https://web.archive.org/web/20260921050141/https://docs.robinhood.com/chain/stock-tokens/"
      ],
      "addresses": [],
      "observed_activity": [],
      "limitations": "Robinhood newsroom and support pages returned HTTP 429; consumer-product details rely on docs and The Block coverage."
    },
    {
      "id": "rh_sequencer_screening",
      "capability": "Sequencer-level sanctions screening",
      "network": "Robinhood Chain mainnet (4663)",
      "status": "unverified",
      "evidence": "Claimed by a secondary source (seen only as a search-result summary); no primary document retrieved.",
      "source_urls": ["https://xroot.dev/blog/robinhood-chain-read-directly"],
      "addresses": [],
      "observed_activity": [],
      "limitations": "Could affect whether a treasury's transactions are included."
    },
    {
      "id": "treasury_hold_assets",
      "capability": "Proposed treasury: hold stock tokens and crypto assets in an independent contract",
      "network": "Robinhood Chain mainnet (4663)",
      "status": "conditional",
      "evidence": "Technically possible now: ERC-20 transfers to arbitrary addresses succeeded in simulation; no allowlist observed. Conditional on (a) the operator and users being outside published restricted jurisdictions, and (b) issuer deny-list, pause, adminBurn and upgrade powers not being applied to the treasury.",
      "source_urls": [
        "https://web.archive.org/web/20260921050141/https://docs.robinhood.com/chain/stock-tokens/",
        "https://rpc.mainnet.chain.robinhood.com"
      ],
      "addresses": ["0xe10b6f6b275de231345c20d14ab812db62151b00"],
      "observed_activity": [],
      "limitations": "Legal eligibility not determined."
    },
    {
      "id": "treasury_acquire_assets",
      "capability": "Proposed treasury: acquire stock tokens",
      "network": "Robinhood Chain mainnet (4663)",
      "status": "conditional",
      "evidence": "Secondary-market acquisition via v4 swaps is observed working (24,564 swaps in META/USDG in 24h). Primary mint/redeem is unavailable to non-AP treasuries (KYB-only).",
      "source_urls": [
        "https://web.archive.org/web/20260820220828/https://docs.robinhood.com/chain/building-with-stock-tokens/"
      ],
      "addresses": ["0x5875d407a42965b0e768c8925cea290e06fa50603ef34fc99eb92a1050e6ae36"],
      "observed_activity": [
        {"observed_at_utc": "2026-09-25T03:11:27Z", "what": "swap tx 0x466837e356abb1d2f8ce994d941dd42d357e06df227ad46b4bc5921f96ff56cf", "demonstrates": "secondary acquisition path exists"}
      ],
      "limitations": "No arbitrage path to redemption for a non-AP treasury."
    },
    {
      "id": "treasury_supply_liquidity",
      "capability": "Proposed treasury: supply stock-token and crypto liquidity to DEX pools",
      "network": "Robinhood Chain mainnet (4663)",
      "status": "verified",
      "evidence": "Official v4 PositionManager is used by unaffiliated accounts to add META/USDG liquidity (473 adds in 24h). A contract treasury can call the same PositionManager. Legal eligibility remains the operator's responsibility.",
      "source_urls": [
        "https://developers.uniswap.org/docs/protocols/v4/deployments"
      ],
      "addresses": ["0x58daec3116aae6d93017baaea7749052e8a04fa7", "0x5875d407a42965b0e768c8925cea290e06fa50603ef34fc99eb92a1050e6ae36"],
      "observed_activity": [
        {"observed_at_utc": "2026-09-25T03:32:56Z", "what": "add tx 0xb9cce8b5f368bda850e7a4880a8c4141cbbc64618f011374ff2edfd023a46748", "demonstrates": "LP add works for third parties"}
      ],
      "limitations": "Observed for META only among stock tokens; other tickers assumed similar because they share one implementation (inference)."
    },
    {
      "id": "treasury_collect_fees",
      "capability": "Proposed treasury: collect LP fees",
      "network": "Robinhood Chain mainnet (4663)",
      "status": "verified",
      "evidence": "201 zero-delta ModifyLiquidity events (fee-collect pattern) in META/USDG in 24h; fee tier 0.30%.",
      "source_urls": ["https://developers.uniswap.org/docs/protocols/v4/deployments"],
      "addresses": ["0x5875d407a42965b0e768c8925cea290e06fa50603ef34fc99eb92a1050e6ae36"],
      "observed_activity": [
        {"observed_at_utc": "2026-09-25T03:15:17Z", "what": "tx 0x53f2a913db47639fd18aec6430429c67f0ab965a16b0961b054f9d791aee2492", "demonstrates": "fee collection (inferred from zero delta)"}
      ],
      "limitations": "Fee amounts and net returns not measured."
    },
    {
      "id": "treasury_pricing_corporate_actions",
      "capability": "Proposed treasury: price assets and handle corporate actions",
      "network": "Robinhood Chain mainnet (4663)",
      "status": "conditional",
      "evidence": "Docs: per-asset Chainlink feeds (multiplier included) and ERC-8056 uiMultiplier; 'onchain swaps remain unaffected' by multiplier changes. Inference: when the multiplier rises (e.g. dividend reinvestment), AMM pool prices lag until arbitraged, a cost borne by LPs. Stock tokens trade 24/7 while underlying markets close, creating weekend gap risk.",
      "source_urls": [
        "https://web.archive.org/web/20260820220828/https://docs.robinhood.com/chain/building-with-stock-tokens/"
      ],
      "addresses": [],
      "observed_activity": [],
      "limitations": "Chainlink feed addresses were not verified on-chain; META uiMultiplier observed at ~1.000541 (0x0de2a3281b2a5bf3)."
    },
    {
      "id": "base_network",
      "capability": "Base mainnet, public RPC, Uniswap v4",
      "network": "Base mainnet (chain ID 8453)",
      "status": "verified",
      "evidence": "mainnet.base.org returned chainId 0x2105 (8453); Uniswap v4 PoolManager on Base listed in official registry and has bytecode.",
      "source_urls": [
        "https://developers.uniswap.org/docs/protocols/v4/deployments",
        "https://mainnet.base.org"
      ],
      "addresses": ["PoolManager 0x498581ff718922c3f8e6a244956af099b2652b2b", "PositionManager 0x7c5f5a4bbd8fd63184577525326123b519429bdc"],
      "observed_activity": [
        {"observed_at_utc": "2026-09-25T03:38:37Z", "what": "Base block 51759085", "demonstrates": "chain live"}
      ],
      "limitations": "v4 pool activity on Base not sampled (public RPC limits eth_getLogs to 2,000 blocks)."
    },
    {
      "id": "base_tokenized_stocks",
      "capability": "Tokenized stocks accessible on Base",
      "network": "Base mainnet (8453)",
      "status": "conditional",
      "evidence": "Coinbase Tokenized Stocks (B20 precompile tokens; code '0xef'; 8 decimals) are listed on base.org/stocks with 10 addresses; described as a 'beneficial claim on a real share' (a different rights model from Robinhood's debt securities). Non-US eligible jurisdictions only. B20 supports allowlist OR blocklist transfer policies plus freeze/seize and pause. At 2026-09-25T03:38Z an eth_call transfer of NVDAc from an EOA holder to a fresh address succeeded. NVDAc had 2,920 Transfers in blocks spanning 2026-09-24T22:04Z-03:38Z; top recipients are pool contracts pairing USDC/NVDAc and USDC/METAc (factory 0xf8f2eb4940cfe7d13603dddd87f123820fc061ef, not attributed).",
      "source_urls": [
        "https://www.base.org/stocks",
        "https://blog.base.dev/b20-tokenized-stocks-on-base",
        "https://www.coindesk.com/business/2026/08/24/coinbase-debuts-tokenized-stocks-on-base-network-joining-race-to-bring-equities-on-blockchain"
      ],
      "addresses": [
        "NVDAc 0xb20000000000000000000078ee7ce2fe4908108c",
        "METAc 0xb2000000000000000000008bc8786b856e61707c",
        "USDC/NVDAc pool 0x853f5f1b92b16714fe6cda67caad0856b83c7ab9",
        "USDC/METAc pool 0xeaf57753bc382e0324a1d43f72e7027705a2273e"
      ],
      "observed_activity": [
        {"observed_at_utc": "2026-09-25T03:37:33Z", "what": "NVDAc transfer tx 0x4c6c0829e52844e86bd540c387066130abcd56e22369dc39b4d0c981f9c20681", "demonstrates": "active on-chain movement"}
      ],
      "limitations": "Which policy (allowlist vs blocklist) each token binds was not read directly; the transfer simulation suggests receivers are not allowlist-gated at that block. CoinDesk reports 13 names; base.org lists 10. Pools' DEX attribution unverified. No v4 pools for these tokens were searched successfully."
    },
    {
      "id": "base_robinhood_stock_tokens",
      "capability": "Robinhood Stock Tokens on Base",
      "network": "Base mainnet (8453)",
      "status": "unsupported",
      "evidence": "Robinhood's official asset registry lists deployments only on chainId 4663 for all 195 assets.",
      "source_urls": ["https://api.robinhood.com/rhj/assets"],
      "addresses": [],
      "observed_activity": [],
      "limitations": "Bridged or wrapped versions by third parties were not searched and would not be canonical."
    }
  ],
  "overall_conclusion": {
    "robinhood_chain": "conditional",
    "summary": "An independent treasury that holds Robinhood Stock Tokens plus WETH/USDG, LPs on the official Uniswap v4 deployment and collects fees is technically possible on Robinhood Chain mainnet today; third parties are observably doing exactly this in a META/USDG pool. It is conditional on published offering restrictions (no U.S. persons; other restricted jurisdictions), issuer deny-list/pause/burn/upgrade powers, and the absence of primary redemption for non-AP holders.",
    "base": "conditional"
  },
  "open_questions": [
    "Exact semantics of adminBurn and the deny-list admin roles (verified source not retrieved).",
    "Whether Robinhood or Uniswap interfaces geo-block stock-token pools (front-end restrictions do not bind contracts).",
    "Full restricted-jurisdiction list at docs.robinhood.com/rhj (not retrieved).",
    "Uniswap v3 addresses on Robinhood Chain and activity on Rialto/Lighter.",
    "B20 policy IDs bound to Coinbase stock tokens and DEX attribution of the Base USDC pools."
  ]
}