Stock Tokens · Robinhood Chain
One asset.
Two perspectives.
Structured exposure. Different possibilities.
Deposit a Stock Token. Receive one Income position and one Upside position per unit. Income keeps the asset up to the cap and earns the premium; Upside buys the move above it.
Split
your stock.
One Stock Token becomes two positions.
Deposit a Stock Token (e.g. AAPL). Talis holds it in a vault and issues Income and Upside against it, split at the cap you choose.
Example: AAPL at $250
AAPL
$250.00
Income
$247.29
Up to the cap
Upside
$2.71
Above the cap
Cap: +5%Cap price (K): $262.50
Indicative (model) · the auction sets the price
A defined level.
A clear split.
Choose the cap. K is fixed for the epoch.
A higher cap keeps more of the move in Income. A lower cap sells more of it to Upside, for a larger premium. At settlement, Upside takes the amount above K; Income keeps the rest plus the premium.
AAPL at $250.00 · cap price (K) $262.50 · 30 days · Indicative (model) · the auction sets the price · model at 25% vol
- AAPL Stock Token
- Income
- Upside
| Settlement price S | AAPL Stock Token | Income | Upside |
|---|---|---|---|
| $175 | $175.00 | $175.00 | $0.00 |
| $177.50 | $177.50 | $177.50 | $0.00 |
| $180 | $180.00 | $180.00 | $0.00 |
| $182.50 | $182.50 | $182.50 | $0.00 |
| $185 | $185.00 | $185.00 | $0.00 |
| $187.50 | $187.50 | $187.50 | $0.00 |
| $190 | $190.00 | $190.00 | $0.00 |
| $192.50 | $192.50 | $192.50 | $0.00 |
| $195 | $195.00 | $195.00 | $0.00 |
| $197.50 | $197.50 | $197.50 | $0.00 |
| $200 | $200.00 | $200.00 | $0.00 |
| $202.50 | $202.50 | $202.50 | $0.00 |
| $205 | $205.00 | $205.00 | $0.00 |
| $207.50 | $207.50 | $207.50 | $0.00 |
| $210 | $210.00 | $210.00 | $0.00 |
| $212.50 | $212.50 | $212.50 | $0.00 |
| $215 | $215.00 | $215.00 | $0.00 |
| $217.50 | $217.50 | $217.50 | $0.00 |
| $220 | $220.00 | $220.00 | $0.00 |
| $222.50 | $222.50 | $222.50 | $0.00 |
| $225 | $225.00 | $225.00 | $0.00 |
| $227.50 | $227.50 | $227.50 | $0.00 |
| $230 | $230.00 | $230.00 | $0.00 |
| $232.50 | $232.50 | $232.50 | $0.00 |
| $235 | $235.00 | $235.00 | $0.00 |
| $237.50 | $237.50 | $237.50 | $0.00 |
| $240 | $240.00 | $240.00 | $0.00 |
| $242.50 | $242.50 | $242.50 | $0.00 |
| $245 | $245.00 | $245.00 | $0.00 |
| $247.50 | $247.50 | $247.50 | $0.00 |
| $250 | $250.00 | $250.00 | $0.00 |
| $252.50 | $252.50 | $252.50 | $0.00 |
| $255 | $255.00 | $255.00 | $0.00 |
| $257.50 | $257.50 | $257.50 | $0.00 |
| $260 | $260.00 | $260.00 | $0.00 |
| $262.50 | $262.50 | $262.50 | $0.00 |
| $265 | $265.00 | $262.50 | $2.50 |
| $267.50 | $267.50 | $262.50 | $5.00 |
| $270 | $270.00 | $262.50 | $7.50 |
| $272.50 | $272.50 | $262.50 | $10.00 |
| $275 | $275.00 | $262.50 | $12.50 |
| $277.50 | $277.50 | $262.50 | $15.00 |
| $280 | $280.00 | $262.50 | $17.50 |
| $282.50 | $282.50 | $262.50 | $20.00 |
| $285 | $285.00 | $262.50 | $22.50 |
| $287.50 | $287.50 | $262.50 | $25.00 |
| $290 | $290.00 | $262.50 | $27.50 |
| $292.50 | $292.50 | $262.50 | $30.00 |
| $295 | $295.00 | $262.50 | $32.50 |
| $297.50 | $297.50 | $262.50 | $35.00 |
| $300 | $300.00 | $262.50 | $37.50 |
| $302.50 | $302.50 | $262.50 | $40.00 |
| $305 | $305.00 | $262.50 | $42.50 |
| $307.50 | $307.50 | $262.50 | $45.00 |
| $310 | $310.00 | $262.50 | $47.50 |
| $312.50 | $312.50 | $262.50 | $50.00 |
| $315 | $315.00 | $262.50 | $52.50 |
| $317.50 | $317.50 | $262.50 | $55.00 |
| $320 | $320.00 | $262.50 | $57.50 |
| $322.50 | $322.50 | $262.50 | $60.00 |
| $325 | $325.00 | $262.50 | $62.50 |
- Settlement price S
- $250.000.0% vs P0
- Income · min(S, K)
- $250.00+ premium $2.71 if subscribed (model) = $252.71
- Upside · max(S − K, 0)
- $0.00breakeven $265.21 (model)
Indicative premium $2.71 per unit · model at 25% vol · 30 days · the auction sets the price. Values per unit; Income is paid in Stock Tokens worth min(S, K); the premium goes to subscribers only.
Income(Up to the cap)
$247.29
~98.9% of spot
Upside(Above the cap)
$2.71
~1.1% of spot
Income position
Keep the asset.
Earn the premium.
Accept an upside cap for a defined period.
Receive the premium paid by the upside buyer.
Underlying downside exposure remains.
Upside position
Buy the move
above the cap.
Pay a premium for exposure above a defined level.
The position can expire without a payoff.
Concentrated upside exposure.
Real collateral.
Not a perp.
The vault holds the Stock Token.
Upside is prefunded by that Stock Token: no borrowing, no funding rate, no liquidation engine. Both positions are plain ERC-20s.
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Step 1: Connect Wallet
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Step 2: Switch to Robinhood Chain
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Step 3: Open Uniswap
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Step 4: Select $TALIS
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Step 5: Swap & Confirm
Live markets
One series per Stock Token, epoch and cap. Prices from the Chainlink feed.
On chain
| Asset | Cap | Income | Upside | Epoch | Status |
|---|---|---|---|---|---|
Indicative (model) · the auction sets the price
How it works
Fifteen concepts, one card each. Every card opens the detail in the docs.
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01Asset Backing
The Stock Token is locked in the series vault to back the payoff. No margin, no funding rate, no liquidation engine.
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02Asset Distinction
Positions are created from Stock Tokens and carry Income or Upside exposure. The protocol token is separate from them.
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03Defined Cap
K = P0 × (1 + cap). Upside pays nothing at or below K and the amount above it.
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04Income Position
Accept an upside cap for a defined period. Receive the premium paid by the upside buyer. Underlying downside exposure remains.
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05Market Epochs
Each epoch records a starting price and a cap. Monthly, settling on the third Friday; 28 or 35 days each.
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06Market Structure
One Stock Token, one epoch, one cap per series. Income earns the premium; Upside buys the move above the cap.
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07Oracle Settlement
A 30-minute average of the Chainlink feed inside the regular session sets the value allocated to each side.
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08Outcome Scenarios
Start $250, cap $262.50. At $200 or $250 Upside pays nothing. At $300 Upside pays $37.50; Income keeps $262.50 plus the premium.
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09Position Redemption
One Income position plus one Upside position of the same series merge back into one Stock Token at any time, free.
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10Premium Exchange
The upside buyer pays a premium in a descending-clock auction. The proceeds are credited to the Income side.
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11Protocol Revenue
One fee: 5 % of gross auction proceeds, in USDG. Split, merge and settlement claims are free.
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12Risk Perspective
Income still bears the downside of the Stock Token. The upside buyer can lose the premium paid.
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13Tokenized Markets
Stock Tokens on Robinhood Chain. A token with a Chainlink feed and a USDG pool can be listed.
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14Token Utility
TALIS is live on Robinhood Chain. Initial supply 1,000,000,000, no emissions; phase-1 utility subject to final design.
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15Upside Position
Pay a premium for exposure above a defined level. The position can expire without a payoff.
Recompose
Separate.
Recombine.
One Income position plus one Upside position of the same series merge back into one Stock Token.
Any time during the epoch, no fee. Income + Upside is the whole unit; either half can be held or sold on its own.
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Connect Wallet
Connect a wallet that supports Robinhood Chain. Keep it funded with the token you want to swap for $TALIS.
Buy $TALIS -
Switch to Robinhood Chain
Add or select Robinhood Chain in your wallet so Uniswap routes on the correct network.
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Open Uniswap
Open Uniswap, connect your wallet, and confirm you are trading on Robinhood Chain.
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Swap for $TALIS
Select $TALIS, enter the amount, and confirm the swap. Review slippage before you submit.