PRE-DEPLOY · ROBINHOOD CHAIN

You bought the stock
for the price.
Not the dividend nobody asked for.

See the split

PEEL splits any tokenized stock into the Core (the price) and the Peel (the dividend). Sell the piece you never wanted.

SPY2.3% core discount AAPL1.1% core discount NVDA3.4% core discount TSLA4.0% core discount BURG9.5% core discount $PEEL100% of fees to burn VAULTpublicly readable SPY2.3% core discount AAPL1.1% core discount NVDA3.4% core discount TSLA4.0% core discount BURG9.5% core discount $PEEL100% of fees to burn VAULTpublicly readable

Not a pitch deck. A snapshot.

Every number below is read straight off Robinhood Chain, refreshed every minute. Nothing here is written to make a chart look nice.

Treasury$412,884$PEEL bought & burned

Wallets8,412holding a Core or a Peel

Series live5SPY · AAPL · NVDA · TSLA · BURG

Fees to team0%100% routes to buy-and-burn

Which ticker pays you to wait?

The Core discount is the market's confidence score. A wider gap to spot means more doubt about the payout between now and maturity.

AAPL1.1%

SPY2.3%

NVDA3.4%

TSLA4.0%

BURG9.5%

Discounts recalculate every time someone peels. This is this series' snapshot — locks in 2d 14h.

Hold more, peel cheaper.

Your $PEEL balance sets the tier. Nobody promotes you — the chain just checks your wallet.

Fresh0% off
0 $PEEL

Zesty10% off
1,000 $PEEL

Ripe25% off
10,000 $PEEL

Prime50% off
2x vote weight
100,000 $PEEL

Same stock, three ways to hold it.

Peeling doesn't create risk, it separates the risk that was always there so you can keep the half you actually wanted.

Whole stock

Full price exposuregets every move, up or down
Gets every dividendwhether you wanted it or not
Paid full spotno discount available
Nothing to chooseone bundle, take it all

Core only — cSPY

Full price exposuresame as the whole stock
Zero dividend exposurethe payout was peeled off
Bought at a discountunder spot, on purpose
Can be posted as collateralborrow against it on Morpho

Peel only — pSPY

Zero price exposurethe stock's moves don't touch you
All the dividend upsideevery payout until maturity
Costs pennies on the dollara fraction of the share price
Can go to zeroif the company cuts the dividend

The vault is public. Count it yourself.

100% of every $PEEL fee routes to buy-and-burn. The treasury address is below — read the balance, don't take our word for it.

Live · on-chainRobinhood Chain · mainnet

Not a chart. A balanceOf call.

$412,884$PEEL bought & burned

100%of every fee, routed to the burn

0tokens minted to fake the chart

0x4A91c8fBE2d6b3F0a7C1e5D84b9A0f37C7E2

last checked 12s ago · next refresh in 48s

Questions we get every week.

What exactly do I get when I peel a stock token?

Two tokens. The Core redeems for the full stock at maturity and trades under spot because the dividends were peeled away. The Peel collects every dividend before then, priced as a fraction of the share. Together they always merge back into exactly one stock, free.

What happens if the company cuts its dividend?

The Peel is worth exactly what gets paid out, no more. Cut the dividend and the Peel reprices down, possibly to zero. The Core doesn't care either way.

Are the fees really that low?

10 bps once, when you peel. 5% of the Peel's dividends only when you redeem it. 100% of both routes to buy-and-burn $PEEL, a public address you can read anytime.

What happens if I never merge back?

Nothing bad. The Core still redeems automatically at maturity whether you merge or not. The Peel simply stops accruing once the series ends.

What's live, what's next, what's parked.

The peeling engine

Deposit, peel, trade, merge. Five series live, fixed-rate Core, reprice-on-news Peel.

Live · testnet

Lending on Morpho

Post the Core as collateral, borrow against it without touching the Peel.

Mobile alerts

Push alerts when a series cap fills or a dividend lands.

Building

Other chains

Right now the vault lives in one place and it is very readable.

Dark

$PEEL token

Buy-and-burn, tier discounts, listing governance.

Built

You bought the stock for the price. Not the dividend nobody asked for.