ISSUE 001 IOU Loans · Robinhood Chain 4663
Self paying loans.
Get in debt, let the fees pay it.
IOU is a digital token, not equity. It does not represent shares in Robinhood or any public company, and IOU Loans is not affiliated with or endorsed by Robinhood.
- IOU
- The token launches through Pons and supplies the IOU side of the reserve.
- Basket
- The reserve opens with equal IOU and USDG value. Its value and mix can change.
- Credit
- After activation, deposit IOU collateral to borrow from finite DEBT inventory.
Explicit settlement. Settlement occurs only when DEBT is repaid or proportional IOU + USDG backing is contributed and the transaction is signed.
Opening price only. 1 DEBT = 1 USDG only at the opening market price. Redemption value floats with the proportional reserve.
RELEASE STATUS
Checking release
Reading the published Robinhood Chain 4663 release record.
- 01IOU launchPendingIOU is created and its Pons origin is published.
- 02Basket + CreditPendingThe equal-value reserve and funded DEBT facility activate.
- 03DEBT/USDG marketPendingActivation publishes the opening liquidity and locks its LP position.
WHAT BACKS DEBT
Basket
DEBT represents a proportional share of a reserve holding IOU and USDG. The reserve opens with equal value of each; its value and mix can change.
The reserve is not live yet.
After IOU launches, the activation transaction creates the IOU + USDG reserve and DEBT together.
Actions will appear here automatically after the verified launch.