Rebasing DN404 · Robinhood Chain
1 TOKEN
= 1 SEAT.
Clock in and it breeds new Seats. Stay vested and it fills with real tokenized stock. The floor doesn't fall — it rises with the market.
$401K is a crypto retirement account. The rebase is your employer contribution, the RWA accrual is your portfolio, the NFT is your account, and your tier is seniority. Your liquid balance never rebases — emission accrues inside staking and you mint the new Seat yourself when it crosses 1.0.
- Next payday
- --:--:--
- Epoch length
- 8 HOURS
- Withdraw fee
- 0.00%
T7 PARTNER
T5 DIRECTOR
T3 ASSOCIATE
T1 INTERN
Seats are DN404 NFTs. Tier persists through transfer — it is resale value, and resale volume is protocol revenue. Every Seat has its own ERC-6551 account, so the stock inside it transfers with the NFT.
Live readout
USDG plus the marked value of every equity in the treasury, per token.
USDG only. The buyback bids here — at RFV minus 1.5% — never at NAV.
30-minute TWAP on the canonical 401K/USDG pair. Fail-closed.
P = market / NAV. At or below 1.00 the rate is zero, by construction.
Every Seat makes one choice
A Seat is either on the clock or vested. Never both. That is the whole product: you are constantly choosing between more Seats and more stock, and you can switch — with a 24-hour cooldown that we are not going to hide from you.
ON THE CLOCK · compounding
The Seat is locked in staking and earns the epoch rebase. Your accrued balance ticks up three times a day. When it crosses 1.0 you call materialize() and mint a brand new Seat.
- Earns up to 0.45% per 8h epoch, scaled by tier multiplier.
- Seat is locked, not burned. Keeps its tier and TBA, still renders on OpenSea.
- Earns no stock while clocked in.
VESTED · accumulating
The Seat sits free and the Stock Desk buys it real tokenized equities out of the fee stream — NVDA, AAPL, TSLA, SPACEX — delivered straight into the Seat's own ERC-6551 account.
- Pick up to 3 tickers, weights summing to 100%.
- Pro-rata by tier multiplier, up to 3.5x at PARTNER.
- Withdraw any time. 0 protocol fee, ever.
THE FLOOR DOESN'T FALL
Two buckets. Bucket A holds USDG only and enforces rfvPerToken() >= 1 USDG after every single operation. Bucket B holds tokenized equities. So the floor is not a promise — it is a revert.
And because Bucket B is equities, the floor doesn't just sit there. If NVDA rips, NAV rises with it.
EMISSION STOPS AT NAV
The rate is R_MAX · clamp((P − 1) / (K − 1), 0, 1) with R_MAX = 0.45% per epoch and K = 1.75. When the market price touches backing, P = 1 and the rate is exactly zero. No emission into a falling market. That is the OHM death spiral, disarmed.
How the Firm actually works
- 01
Buy 401K
Every whole token in your wallet mints a Seat NFT automatically. Fractions hold no NFT. Wallet-to-wallet transfers are free; only AMM pair transfers pay the 5% fee.
- 02
Pick a mode
Clock in for rebase, or stay vested for stock. Per Seat, not per wallet — so you can run both strategies at once across your desk.
- 03
Materialize
Emission accrues as a per-user index inside staking. Your liquid balance never moves. When your accrual crosses 1.0 you pay your own gas and mint the Seat.
- 04
Climb the ladder
Burn 401K to upgrade tier, or fuse several Seats into one higher tier. Multiplier goes 1.0x to 3.5x. Tier survives resale.