Yield on stocks.
Not on price.
DELTA-NEUTRAL CARRY ON ROBINHOOD CHAIN STOCKS · PAID DAILY AT NOON UTC
THE STRATEGY
Hold the token.
Short the perp.
Keep the funding.
Stock tokens on Robinhood Chain track the real share. The same stocks trade as perpetuals on Hyperliquid, where longs pay shorts a funding rate every hour.
Hold the token and short the same size on the perp, and the price cancels out. What is left is the funding, paid to you every hour whether the stock goes up or down.
Long the token
NVDA, TSLA, AAPL and 20 more, held on chain.
Short the perp
Same stock, same size, the other way.
Flat price, paid funding
Market direction drops out. Funding stays.
LIVE BOARD
Carry, right now.
Carry APR = hourly funding on the Hyperliquid perp × 24 × 365, paid to the short side when positive. Basis = perp price vs the token's pool price on Robinhood Chain. Read by your browser from Hyperliquid's public API and Robinhood Chain's public node. Rates change every hour.
YOUR STOCKS, HEDGED
What would yours earn?
Pick a stock and an amount. The number uses this hour's real funding rate.
Before vault fees. Funding can turn negative; the vault steps out of a pair when it does.
THE MERIDA POSITION
A carry position
the protocol owns.
Every $MRDA trade and every vault deposit feeds one protocol-owned carry position. It never closes and it only grows.
Every day at 12:00 UTC its income is split in two: half goes to $MRDA holders, half buys $MRDA back from the market.
Short the perpsearns funding 24/7
HOLD $MRDA
Own a slice. Pay less.
Tiers are set as a share of supply, so a price move never drops you out of one. Discounts apply to Merida's vault fees.
QUESTIONS
FAQ.
Is this risk free?
No. Price risk is hedged, but funding can turn negative, the token and the perp can drift apart, and both venues carry their own risks. The board shows when a pair stops paying.
Where does the yield come from?
From traders who are long the perp and pay shorts to stay in. When the market wants to be long, shorts get paid. Merida is the short.
What does holding $MRDA give me?
A share of the protocol position's daily income, paid at 12:00 UTC, and a discount on vault fees by tier. The other half of the income buys $MRDA back.
Can I withdraw the protocol position?
No. The position belongs to the protocol and only grows. Holders get its income, not its principal.
When does it open?
At the $MRDA launch. Until then this site reads the live rates so you can watch the carry before it starts.