Pre-listing markets on Robinhood Chain
Own the path
before the listing.
Fund a ticker vault with USDG, hold its oracle-priced receipt, then claim your share of the stock tokens the entire vault can actually buy.
See the settlement ruleGPRO
GoPro, Inc.
Oracle price
$120.00
Example vault
100 USDG
Market phase
Funding
One vault.
One final ratio.
Receipt balances never promise a fixed number of future stock tokens. At settlement, the contract freezes the full receipt supply and the full acquired stock pool. Claims use those two global totals.
1
Fund
USDG enters a vault dedicated to one ticker.
2
Receive
The vault mints transferable receipt shares at the oracle price.
3
Settle
The complete USDG pool is exchanged for the listed stock token.
4
Claim
Every holder receives the same final pool ratio per receipt.
0.833333
GPRO from 1 receipt
The $100 to $120 case
The vault cannot invent the missing $20.
If 100 USDG bought one receipt and the stock lists at $120, that vault can acquire about 0.833333 stock tokens. Every claim is calculated from the final pool, not from the buyer's earlier dollar price.
holder receipts ÷ frozen receipt supply × final stock pool