Robinhood Chain · USDG · open around the clock
Chinese penny stocks,up to 40x.
Thirteen names quoted under five dollars, long or short, margined in real USDG and settled on chain. Prices come off the New York tape; while it is shut you trade the last print at three times the spread.
The board.
Every name under five dollars, listed in New York, domiciled in China, and turning over at least two million dollars a day. Leverage and spread come from each name's own volatility, not from a slider we felt like setting.
Three moves.
USDG, from one dollar up. Your transaction carries the latest signed print from the tape and the contract checks the signature before it does anything else.
Long or short, one to forty times depending on the name. The desk shows your entry after the spread, your liquidation price and the most you can be paid before you sign.
Close whenever you like, day or night. If equity falls to a fifth of your margin, anyone can liquidate you, keeps a quarter of what is left, and sends you the rest.
The rules.
All of them are constants in the contract. The owner can list a name, tighten its caps or stop new opens on it, and take out what no open position could win. That is the whole list.
- Nothing is bought.
A position is a cash-settled bet on a published price. The contract records the print you opened at and pays or takes the difference in USDG when it ends.
- Prices are signed, not posted.
One key, fixed at deployment, signs each print. Your own transaction carries it. The contract refuses a print older than 90 seconds, older than the last one applied, or more than 30% away from it. Each print also says whether New York is open.
- You pay a spread, sized to the name.
Longs open above the mark and close below it, shorts the reverse. It is 0.30% on the 40x names and 1.50% on the 5x ones, and three times that while New York is shut, since the frozen print cannot see the news you can.
- 0.10% in, 0.10% a day.
The open fee is a tenth of a percent of margin. Carry is a tenth of a percent of notional per day, so at 40x that is 4% of margin a day. No closing fee.
- Liquidation at a fifth.
When equity reaches 20% of the margin you posted, anyone can close you. At 40x that is about a 2% move against you; at 5x, about 16%. The desk prints the exact price.
- The house escrows your best case first.
Profit is capped at three times margin. When you open, that much comes out of the house's free balance before the position exists, so the house can never owe more than it holds and a gap never lands outside your margin or that escrow.
- If the tape dies, you get out.
Should no print be applied to a listing for seven days, anyone can settle its positions at the last applied price with no spread. It is an exit, not a market.
Read this part. Forty times on a stock at three dollars is exactly as dangerous as it sounds. These names halt, gap and reopen 30% away while you are asleep, and the venue settles you at the print that comes back, not the one you hoped for. A position can lose the whole of its margin in one print. The contracts are unaudited, the house is small, and nothing here is advice.