Robinhood Chain mainnet is live as announced during a keynote called “Robinhood Presents: The World is Flat”, which was hosted by CEO Vlad Tenev and Johann Kerbrat, senior vice president. They call it”fast, secure, AI-native, and day one built around real-world assets.”
“We’re bringing the best of traditional finance and DeFi together, and in doing so, expanding financial ownership to every corner of the globe.” said Johann Kerbrat.
Robinhood has also officially added Chainlink as its data and cross-chain oracle provider, and Chainlink is now fueling Robinhood’s stock tokens and providing a link to the on-chain economy for millions of users.
Robinhood also launched a decentralised lending product with yields of up to 7% on USDG, known as Robinhood Earn.
This is the first crypto earn product for which Ethena has been chosen as the primary collateral asset issuer, and Steakhouse will be the vault curator. Ethena confirmed the partnership on its channels, saying it is introducing its entire product line to Robinhood Chain.
Apart from mainnet, Robinhood also launched Agentic Trading, enabling AI agents to manage investing tasks a few weeks ago. These new financial tools are set to bring more eyes to the platform.
Big Integrations With Chainlink and Ethena
Robinhood Stock Tokens, which enable users to own tokenised shares of actual stocks and bonds on-chain, rely on accurate and tamper-proof price feeds to operate.
Chainlink’s oracle network provides accurate price feeds and also enables cross-chain messaging, which facilitates the smooth transfer of assets and data between Robinhood Chain and other blockchains.
Ethena which was integrated by BlackRock a few days ago, now has been integrated by Robinhood Chain as well. The synthetic dollar products are the collateral asset that is the backbone of the yield mechanism for Robinhood Earn.
What This Means for HOOD and Where It Goes Next
Robinhood is a major retail brokerage with a crypto trading platform. It’s now a company developing its own blockchain, creating tokenised stocks, adding real oracles, and launching products for yield under one roof.
HOOD stock has already reached $108 price after a strong June trading volume. Goldman Sachs and Bernstein have also bullish price outlook for HOOD as covered by CoinGape. This new launch will further attract investors to the stock.
The 7% yield on USDG is a genuine attraction to the users who are seeking returns on-chain without having to deal with the complexities of DeFi.
The first thing to watch is how much Robinhood Earn attracts deposits. If a product has a 7% yield on stablecoins, which are available on an app with millions of retail users, it’s a real way to increase adoption. The more products that follow, the faster the adoption process gets.
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