Staking & pSTOCKS

Staking escrows your cat with the Staking contract — the NFT actually transfers there for the duration you’re staked, and you can unstake in one transaction to get it back.

pSTOCKS accrues continuously at a flat rate — 1 pSTOCKS per cat per 24 hours, the same for every cat, regardless of rarity tier. There’s no tiered multiplier; a Common and a Legendary earn identically once staked.

What backs pSTOCKS

pSTOCKS is an index token backed by real Robinhood Stock Tokens on Robinhood Chain — standard ERC-20s, one per ticker, each priced by a live Chainlink feed. Legally, these are tokenised debt securities issued by Robinhood Assets (Jersey) Limited: economic exposure to the underlying equity, not shareholder rights, and not offered to U.S. persons. Protocol revenue (raffle margin, arcade house edge, treasury operations) buys the basket — nothing is emitted from thin air.

Redemption

Burn pSTOCKS for the backing basket two ways:

• Pro-rata — burn any amount, receive your share of every active constituent, priced at NAV.
• Single — burn pSTOCKS for 100% of one constituent stock token, also priced at NAV from the same Chainlink feeds.

NAV is computed from the total USD value of every active constituent’s held balance, divided by total pSTOCKS supply. If a constituent’s Chainlink feed goes stale, its redeemSingle path is disabled until the feed recovers or the constituent is deactivated — redeemProRata still keeps paying out for constituents whose feeds are healthy.