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Series 03 is live. QQQ, split. pQQQ is the Nasdaq 100 at a discount. yQQQ is nothing but its dividends. Same terminal, same March maturity, same free merge. Three markets now: AAPL, SPY, QQQ. We seeded it with $5k of our own QQQ straight into the pools, same as we did for AAPL and SPY. Every market we open, we're first in. And the next thing opens these markets to everyone. Right now you need tokenized stock before you can touch a split. Not for much longer. Anyone holding crypto is about to have a direct line into real equities and the dividends behind them, in one step, no brokerage and no paperwork 👀 Millions of wallets, three markets, one door. Soon. parestocks.com/app?series=qqq

Robinhood Chain tells you about a dividend before it happens. Every stock token carries two multipliers: the live one, and the next one with a timestamp for when it takes effect. Apple's August dividend sat on-chain as 1.00056608 with a date attached before a single wallet balance changed. Our terminal reads that slot every block. The moment a dividend is scheduled, the series flips to pending and the event gets classified on-chain. Your wallet finds out later. We don't.

Series 03 is loading. QQQ. The Nasdaq 100, split the same way as AAPL and SPY: pQQQ is the index at a discount, yQQQ is nothing but its dividends. Contracts deploying shortly, with pools to go with them, seeded the same way we seeded AAPL and SPY. Same terminal, same maturity, same free merge. Third market in one week. parestocks.com

A bug we hit on launch day, and why it matters. The stock tokens are ERC-8056. Your wallet shows 10.005660 AAPL. The chain holds 10 raw units times a multiplier. Type the number your wallet shows into a transfer and it reverts, because that many raw units don't exist. So every amount the terminal sends is exact raw units, clamped to what the chain actually holds. No rounding, no reverts, no approving twice. Small thing. It's the difference between a demo and a product.

The reason merge is free: the vault never holds anything except what you deposited. Split a share and you mint one pAAPL and one yAAPL. At maturity pAAPL redeems the baseline and yAAPL redeems the drip, and the two slices of the pot add up to exactly the deposit. Not approximately. Exactly, by construction. No reserve ratio, no liquidation engine, no oracle. Just arithmetic that can't come up short.

Every dividend and every stock split hits the chain the same way: one number in the token contract moves. Our accountant has to know which it was, because a dividend belongs to yield holders and a split belongs to nobody. So it doesn't guess. Growth under 3% is a dividend. A clean ratio like 2:1 or 3:2, at least 20% from 1, is a split. Anything in between qualifies as neither, so it waits behind a two day public timelock while merge stays free. The bands can't overlap. That's the whole security model in one sentence.

Very cool. @prometheusx91 took PARE yield tokens and built dividend index funds out of them. A US dividend core, a high dividend mix, a tech dividend fund, all just bundles of strips expiring the same day. This is exactly what splitting a stock is for. The strips are building blocks, and it’s awesome to see someone already building with them. Great work. This is independent work done by Prometheus, so read their notes before you touch anything. But go check it out.

Prometheus @prometheusx91

3 weeks ago

Built a Dividend Index Protocol on top of @PareStocks for fun. Lets you creating and trade indexes of future corporate dividends using PARE YT. Just a scratch on the surface to what's possible with $PARE Say you wanted exposure to distributions of a bunch of

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The EARN tab is live in the terminal. You asked for it yesterday. Pick a series, enter how much AAPL or SPY you want in, hit provide. It pares exactly what the pools need, pairs it, and mints both positions straight to your wallet, PT pool and YT pool, in the standard ranges. Every swap from now on pays fees to those positions. Anything the pools don't need stays with you, and there's a withdraw button right under it. No lockup, ever. We went first. Over $8k of our own AAPL and SPY went in today, and the principal pools now hold roughly $11k, around ten times what they held this morning. The swap tab shows price impact before you sign, so you'll see the difference. Each series is capped at 1,000 shares while the contracts are young. Plenty of room, and a hard ceiling nobody can bypass. parestocks.com/app

Sometime in the next few weeks SPY pays its quarterly dividend, and for the first time you’ll be able to watch a real S&P 500 dividend land on a blockchain. Here’s what it looks like. Nothing arrives in anyone’s wallet. Instead one number inside the SPY token contract, the multiplier, ticks up by a fraction of a percent. Most people will never notice. Our terminal will: the series flips to a pending event, the dividend gets classified on-chain, and every ySPY holder is sitting on the other side of that tick. Boring for a wallet. A market for us. Terminal update landing soon too.

Worth explaining how our liquidity pools actually work, because they're built differently. Every PARE pool is denominated in the stock itself. pSPY trades against SPY, not against a stablecoin. Both sides of the pair move together, so when the market rips, the whole pool rips with it. LPs aren't short every rally the way they are in a token/USDC pool. And the pools police themselves. pSPY plus ySPY always merges back into exactly one SPY, free, straight from the contract. If pool prices ever drift off that line, anyone can split or merge and pocket the difference. Arbitrage isn't a threat here. It's the maintenance crew. Four pools live across AAPL and SPY. Every swap pays fees into them, and every new series ships with two more. Next two: QQQ. Soon.

Stripping yield from bonds is a $560 billion market off-chain. Pendle did it for crypto and peaked at $13 billion locked. Nobody had done it for stocks. Anywhere. On any chain. Then we did it. Twice. AAPL and SPY, split and trading, while Robinhood Chain pushes $2 billion a day and grows every week, with more listings coming. We're not competing for this market. We're the only ones in it.

Series 02 is live. We split SPY. pSPY is the S&P 500 at a discount. ySPY is nothing but its dividends, trading for under a cent on the dollar. Merge them back into full SPY anytime, free. Nothing locks, nothing liquidates. The LP pools are already open on Uniswap v3, seeded at fair value and stock denominated like everything we build. pSPY/SPY sits on the 0.05% tier, ySPY/SPY on the 1% tier. Trade both legs right now at parestocks.com/app?series=spy or straight on the DEX. Before picking, we scanned every stock token on Robinhood Chain, over 150 of them, and checked the dividend plumbing and real pool depth behind each. SPY came back the deepest stock token on the entire chain. AAPL series 01 keeps running right alongside it, one click away in the series menu. Two live markets, one protocol, and SPY's next dividend is only weeks out. When it hits, you'll watch it land on-chain in real time. First AAPL. Now the whole index.

Users, developers, and validators can engage with the testnet through Galxe's Quest platform. The Galxe Quest platform will feature activities involving the core chain, its enshrined applications, and projects building in the ecosystem. galxe.com/Berachain/camp…