LoomDesk
LoomDesk is four things on Robinhood Chain: a set of tokenized stock pools of its own, one for every stock on the chain, priced by a hook we wrote; a token called LOOM whose trading fee is turned into liquidity in those pools; Earn, which opens the same kind of position for anyone, in their own wallet; and a marketplace for the stocks themselves. Every trade of LOOM pays 4%. Of that, 3% becomes liquidity in our pools, owned by the protocol, and 0.7% pays for operations. The pools charge a fee on every swap, a tenth of which goes to the book whoever provided the liquidity. Every day, 80% of what the book earns is paid to LOOM holders in USDG. The other 20% is reinvested, so the book grows.
Overview
LoomDesk is four things on Robinhood Chain: a set of tokenized stock pools of its own, one for every stock on the chain, priced by a hook we wrote; a token called LOOM whose trading fee is turned into liquidity in those pools; Earn, which opens the same kind of position for anyone, in their own wallet; and a marketplace for the stocks themselves. Every trade of LOOM pays 4%. Of that, 3% becomes liquidity in our pools, owned by the protocol, and 0.7% pays for operations. The pools charge a fee on every swap, a tenth of which goes to the book whoever provided the liquidity. Every day, 80% of what the book earns is paid to LOOM holders in USDG. The other 20% is reinvested, so the book grows.
Team
Team information has not been disclosed.
Funding history
0 disclosed roundsNo disclosed funding records.
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