Florin (@FlorinProtocol) | teapawt

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@FlorinProtocolOct 21

Florin is officially a Liquity Friendly Fork. We’re bringing @LiquityProtocol V2 to tokenized stocks on Robinhood Chain. • Borrow against SPY, keep every share • Set your own interest rate • Earn in the Stability Pool More stocks as collateral, USDG borrowing and mainnet are next.

Image from Florin (@FlorinProtocol)

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@FlorinProtocol12h

Borrowing against stocks used to mean a private banker, six-figure minimums and weeks of paperwork. On Florin, it’s one transaction.

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@FlorinProtocolNov 3

The rich don’t sell their stocks. They borrow against them. Soon anyone on Robinhood Chain can.

Image from Florin (@FlorinProtocol)

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@FlorinProtocolNov 2

Robinhood brought stocks onchain. Florin makes them work. Deposit Stock Tokens. Mint FUSD. Keep your exposure.

Image from Florin (@FlorinProtocol)

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Florin retweeted

@FlorinProtocolOct 27

$1M of SPY deposited on Florin testnet. A big milestone for us, and for what Stock Tokens can do on Robinhood Chain. Mainnet soon.

Image from Florin (@FlorinProtocol)

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@FlorinProtocolOct 30

Florin October recap - Launched on @RobinhoodCrypto Chain Testnet - Became a @LiquityProtocol Friendly Fork - Passed $1M of SPY deposited on testnet - Borrowing USDG against SPY is coming soon On to November.

Image from Florin (@FlorinProtocol)

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@FlorinProtocolOct 29

There’s now $162M of Stock Tokens on @RobinhoodCrypto Chain, across 195 stocks and ETFs. The five biggest 1. SPY, $19.7M 2. NVIDIA, $18.8M 3. SpaceX, $13.8M 4. Circle, $10.4M 5. Alphabet, $7.9M SPY is already collateral on Florin testnet. More coming.

Image from Florin (@FlorinProtocol)

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@FlorinProtocolOct 28

How does FUSD stay at $1? There’s no company holding dollars in a bank. Two mechanisms do the work, both onchain. 🧵

Image from Florin (@FlorinProtocol)

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@FlorinProtocolOct 28

2. The Stability Pool When a position falls below 110% collateral, the Stability Pool steps in. Its FUSD repays the debt, and depositors receive the position’s SPY at a discount. Risky loans are closed before they can go bad, so FUSD stays backed by more than $1 of SPY.

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@FlorinProtocolOct 28

Depositors are paid for doing this job. The Stability Pool earns from the interest borrowers pay, plus the collateral from liquidations. A dollar backed by the S&P 500, held at $1 by code. Try it on testnet at florin.so

Florin — Never sell a share.

Florin — Never sell a share.

Deposit SPY, mint FUSD, and borrow dollars without giving up your position.

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@FlorinProtocolOct 27

$1M of SPY deposited on Florin testnet. A big milestone for us, and for what Stock Tokens can do on Robinhood Chain. Mainnet soon.

Image from Florin (@FlorinProtocol)

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@FlorinProtocolOct 26

$SPY is just the start. What should Florin accept as collateral next?

NVIDIA (NVDA)

SpaceX (SPCX)

Circle (CRCL)

Gold (GLD)

43%NVIDIA (NVDA)

29%SpaceX (SPCX)

0%Circle (CRCL)

29%Gold (GLD)

7 votes • Final results

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Florin retweeted

@Superboard_Oct 24

Still time to Florin it ✨ Explore @FlorinProtocol on Robinhood Chain Testnet and compete for $500 USDC. → Try out Florin on Robinhood Testnet → Follow Florin and Superboard PS: Mint the Campaign Pass (optional) to boost your raffle chances Join the campaign → superboard.xyz/campaigns/exp…

Image from Superboard (@Superboard_)

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@FlorinProtocolOct 23

Our mission is to accelerate the adoption of tokenized equities and ETFs on Robinhood Chain. We’re building FUSD, a Robinhood Chain-native stablecoin backed by Stock Tokens. Mint it against your shares at a rate you set, without selling them.

Image from Florin (@FlorinProtocol)

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@FlorinProtocolOct 22

On Florin, you pick your own interest rate. 0%, 5%, 10%. Your call. Here’s how it works. 🧵

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@FlorinProtocolOct 22

So the rate becomes a trade-off you control. Want a cheap loan and don’t mind being redeemed? Go low. Want to keep every share? Pay a bit more and sit further back. Florin shows the average rate and your redemption risk as you set it.

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@FlorinProtocolOct 22

And what if you’d rather not pay a rate at all? We’re exploring a 0% option. Instead of interest, you’d give up some of your upside above a set price, and Florin would sell covered calls on it. More on that soon. Try it on testnet today: florin.so/

Florin — Never sell a share.

Florin — Never sell a share.

Deposit SPY, mint FUSD, and borrow dollars without giving up your position.

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