Corporate cash flows · Robinhood Chain
The market for
what stocks pay.
Separate a Stock Token from its future dividends. Keep the price. Trade the cash flow. Build the curve.
- Robinhood Mainnet
- 24/5 distribution oracle
- Corporate actions normalized
- Cash-flow markets
- 24
- Supported Stock Tokens
- 6
- Open interest
- $8.42M
- Next settlement
- 16 days
- $QTR permanently burned
- 12.84M
2 in settlement
Across four maturities
$1.31M 24h volume
SEP 2026 front contracts
1.28% of max supply
- KODistribution confirmed · $0.5297 per token
- JPMCorporate action normalized · Oct 6 ex-date
- SPYOracle resumed · settlement processing restored
- XOMDEC 2026 market rolled · 41,800 COUPON
- MCDSettlement completed · JUN 2026 leg
- QTRBurn executed · 3,142,000 QTR retired
- PG2-for-1 split in verification · claims rescale
- SPYDistribution declared · $2.0750 per token
- KODistribution confirmed · $0.5297 per token
- JPMCorporate action normalized · Oct 6 ex-date
- SPYOracle resumed · settlement processing restored
- XOMDEC 2026 market rolled · 41,800 COUPON
- MCDSettlement completed · JUN 2026 leg
- QTRBurn executed · 3,142,000 QTR retired
- PG2-for-1 split in verification · claims rescale
- SPYDistribution declared · $2.0750 per token
Featured cash-flow markets
Each market is a claim on one Stock Token's verified dividend accrual to a defined maturity.
A 64-quarter distribution record and the deepest COUPON book on the protocol.
- Implied dividend
- $0.6269
- Implied yield
- 2.84%
- Underlying
- $74.62
- Open interest
- $529.8K
Strip a stock
One Stock Token. Two independent claims.
A Robinhood Stock Token carries price exposure and reinvested dividends together through an onchain multiplier. QUARTER separates the two for a defined period, so each side can be held, sold or rolled on its own.
The Coca-Cola Company Stock Token
Sum of both claims equals the Stock Token value at creation. Nothing is minted beyond the collateral deposited.
Live dividend curve
Implied annualised cash-flow yield across every listed maturity. The declared reference marks where the issuer has already committed.
- Trailing distribution yield
- 2.84%
- DEC 26 implied
- 2.84%
- SEP 27 implied
- 3.00%
- Curve slope
- +0.16 pts
- Front implied payout
- $0.6269
- Curve open interest
- $1.9M
An upward curve prices distribution growth into later maturities. Declared amounts appear as dashed references.
Market activity
Normalization, settlement and market events across the protocol.
- KO distribution confirmed
Normalized factor published for the 15 Sep ex-date across five KO maturities.
Sep 1, 13:58 UTCCorporate actionKO$0.5297 / token - COUPON-XOM-DEC26 block filled
Block executed against protocol-owned liquidity at 1.4172.
Sep 1, 13:39 UTCMarketXOM$184,200 - JPM action normalized
Two-source agreement reached on the October declaration.
Sep 1, 13:08 UTCCorporate actionJPM$1.9200 / token - CORE / COUPON minted on SPY
640 SPY separated into the DEC 2026 strip.
Sep 1, 12:16 UTCMarketSPY640 SPY - SEP 2027 maturity listed
Protocol-owned liquidity seeded across four new COUPON markets.
Sep 1, 10:54 UTCProtocol4 markets - SEP 2026 settlement prepared
KO and JPM front contracts queued for settlement in 16 days.
Sep 1, 09:12 UTCSettlement2 markets
Income baskets
Diversified compositions of corporate cash-flow claims, priced and settled as one unit.
Dividend Aristocrats
Durable quarterly cash flows from established dividend growers.
- KO24%
- MCD18%
- JNJ20%
- PG20%
- PEP18%
- Implied yield
- 2.84%
- Cash-flow score
- 92
- Next distribution
- 18 days
Bank Payouts
A concentrated curve across major financial-sector distributions.
- Implied yield
- 3.18%
- Cash-flow score
- 84
- Next distribution
- 23 days
Energy Cash Flow
Higher-yield corporate payouts from leading energy companies.
- Implied yield
- 4.36%
- Cash-flow score
- 78
- Next distribution
- 11 days
$QTR protocol engine
Every quarter creates
another market.
QUARTER earns from the mechanical work of separating, rolling and settling corporate cash flows. That work compounds with every additional maturity the protocol lists.
- Permanently burned
- 12.84M QTR
- Insurance reserve
- $4.12M
- Open interest
- $8.42M
- Current epoch
- Epoch 11
More Stock Tokens
Each newly supported token lists a full forward strip of maturities.
More COUPON markets
Every maturity creates an independent cash-flow market with its own curve.
More rolls and settlements
Positions roll forward each quarter, and matured claims settle against verified amounts.
More protocol fees
Creation, trading, rolling and settlement each contribute to the fee pool.
More $QTR burned
55% of the pool is market-bought and permanently retired at the close of each epoch.