Create programmable mixed-asset ETF-based funds and indices across multiple chains— stocks, memes, utilities. One basket. Any chain. Any asset.
Robinhood
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The industry's ETF platform. Coming soon to Diamond.
Nearly a thousand ETFs— something for everybody to deposit into regardless of your risk profile.
Browse upcoming ETFs at: dapp.diamondbskt.com/#/etfs/…
ETF image links:
1. dapp.diamondbskt.com/#/etfs/…
2. dapp.diamondbskt.com/#/etfs/…
3. dapp.diamondbskt.com/#/etfs/…
4. dapp.diamondbskt.com/#/etfs/…
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Since day 1 of Diamond, the goal has always remained the same: build out the infrastructure for an ETF layer on-chain.
Composable funds and indices that allow, for the first time ever, unique sets of assets to be priced as a singular investable product. Whether that's building a unique ETF full of tokenized stocks that would not be available in legacy markets due to tape and security measures or expressing a thesis such as "long AI" that consists of memes, utilities, and chip-making companies, we've built Diamond to be the backbone of such concepts.
An ETF layer that spans not only the entire digital asset industry but also RWAs brings an entirely new form of long-tail assets that were previously unaccessible or unbuildable.
To truly become that layer though, the friction for building and investing in these types of products must be eliminated with the entire concept packaged in an easy-to-read and easy-to-understand way.
We've been hard at work doing just that— the Diamond app is intended to be at the cross-section of social trading and composable investment products on-chain.
Coming soon. Mockups below.
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Hey @MEADGod we’ve been building on-chain funds and ETFs for a few months now.
We already have a plethora of user-built funds, ecosystem-wide ETFs that allow for theses to span the entire space and so much more.
Let’s talk!
I have been super bullish on the idea of pairing memes against ETFs. I genuinely think ETFs have a great future onchain.
Curators and issuers will have a lot of fun with this.
🅿️
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Tokenized ETFs are going to become increasingly popular over the next few months.
We’ve been building out the on-chain fund and ETF layer for the industry across multiple chains for months at Diamond.
We’re exploring a Stock Token linked to an actively managed ETF on Robinhood Chain, alongside @TRowePrice_DA, one of the world’s largest asset managers with $1.9T AUM. If successful, it would be the first Stock Token of its kind.
Institutions are here, and our rails are ready.
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Over the past week we've been been hard at work trying to figure out what's next for Diamond...
As we approach nearly 4 months of building Diamond, we've gotten a lot accomplished:
- We've built functionality for user-created, multi-chain and multi-asset on-chain funds and indices with end-to-end security implementations.
- We've built autonomously-balancing indices that require no user intervention outside of initial parameter creation.
- We've built an incredibly powerful backend engine that handles everything from our initial mixed-asset distributions to our cadence rebalancing schedule.
- We've had thousands of users interact with the Diamond platform.
- We created Robinhood's first batch router and wallet sweeper.
- We've created an ETF layer for Robinhood.
And so much more.
We've now been wondering: where do we go from here?
As the space continues to expand horizontally, we decided to think in a similar vein rather than vertical ecosystem expansion on just Robinhood.
Diamond, prior to the token launch, was intentionally built to be a Solana-based product. It's only natural that we now revisit those roots and start expanding our ETF layer and Diamond engine capability to other chains.
The goal was always to be an ETF-based layer for the space as a whole.
We built funds and indices that allow for assets from across chains to be priced together so now we've decided to take it a step further.
We'll soon be releasing our first multi-chain ETF that contains assets from both Solana and Robinhood Chain. The components of this flagship multi-chain ETF will be memecoins and the goal is to wrap top-performing tokens across both ecosystems into a singular investable product (with deposits into it accepted from both chains rather than a singular one).
Stay tuned!
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Due to popular demand, we will be bringing back the original Diamond distribution engine we built at the beginning of the project.
This engine buys the top tokens on Robinhood Chain and distributes them pro-rata to all Diamond holders.
This is a constantly evolving and dynamic basket of tokens that is weighted individually in the Diamond basket rather than every token having a static weighting.
The Diamond engine will begin distributions again within the coming days.
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A new ETF is live on the Diamond dApp: Robinhood Survivors.
It holds the twelve tokens on Robinhood Chain that have real liquidity and have been around long enough to prove it wasn't temporary. Right now that's NVDA, PIPEDOG, PONS, META, SPCX, CASHCAT, SGOV, STONKBROKER, CRCL, NOVAAI, WALLET and GLD.
Two rules decide what gets in.
The first is age. A token's pool has to be at least 30 days old. To qualify here, someone running a scam would have to keep it alive and funded for a month before they're even eligible.
The second is depth, measured honestly. Not the headline liquidity number, but the quote side of the pool.
Positions are weighted by the square root of depth rather than depth itself. That keeps the biggest pool from swallowing the fund while still tilting toward the ones that can actually absorb a trade. PIPEDOG has roughly five times GLD's liquidity and gets about 2.7 times the allocation.
It rebuilds every 24 hours. Each rebuild re-ranks the chain, buys anything new that qualifies, and sells what's fallen out. Before every buy it re-checks liquidity live, so a token that passed the ranking an hour ago but has since been drained never gets bought. Anything that takes money and doesn't deliver goes on a permanent denylist.
Stablecoins are excluded.
dapp.diamondbskt.com/#/etfs/…
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Hi @graildoteth! We’ve been doing what $DTF has claimed and we’ve been doing it for a while now if you need an alternative!
An update to this, and not a good one.
A catastrophic move.
I'll let the chart speak for itself.
So the short of it is that this fucker @cyotee is not just an autistic dev; he's an artistic rugger using autism as an excuse to scam.
After a week of dodgy behavior and weird delay excuses, which included the "downto_finance" X site being 'hacked' the day it was supposed to launch.
Cyotee launched the project. But apparently, anyone who staked their tokens ended up having their tokens used to fuel the liquidity pools, which Cyotee used to funnel the ETH into his wallets.
So he set up a honey trap to farm token holders and stakers.
The result was 6M to 17M, then to 3M, and now to...300k
He was apparently one of the original OHM devs but left before the protocol launched. Probably more like fired for something illegal.
Sad end to this. It was risky, though, and the dev was doing all sorts of weird bullshit leading up to the launch. In Trenchland, that's always the sign to get the fuck out, something I did not listen to.
I sold my NUDES for about 90k, threw that into DFT. I also had an existing 30k in there. So about 130k at about a 6M FDV. I walked away with about 45k when I exited at 3M FDV a few days ago.
Turns out I skipped the 99% loss because the day later, the market cap is 300k
So @cyotee, a big fuck you scammer. You are not a dev but a scammer. Everyone, stay away from anything this fuck touches.
Avoid @Indexedex, it's just another rug.
On the positive side, I redirected those funds into @notesystems at 2-3M FDV. And I started rotating my non-conviction bags into robinhood:0xc4f730335fb9e439ca5552f7b52b8e638c4245b0, which might turn out to be one of my best moves going forward.
I feel for anyone else caught in this scam dev's trap.
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A new ETF is live on Diamond and accepting deposits: Robinhood Depth ETF.
Link: dapp.diamondbskt.com/#/etfs/…
This ETF rebuilds itself daily with the 12 most liquid tokens on the chain for the epoch.
The Depth ETF ranks every pool on the chain by the quote-side liquidity (ETH/stablecoins) rather than the easily-to-manipulate token side to ensure only real pools make it into the ETF each rebuild.
This ETF ranks every pool on the chain by the real liquidity, takes the top twelve, weights them so no single name can dominate the basket and then buys. Anything that drops out gets sold, anything new gets bought.
Right now, with the first build, the ETF contains $STANDARD, $PIPEDOG, $NVDA, $PONS, $SGOV, $CASHCAT, $GOOGL and others.
We've also rebuilt the Ecosystem ETFs page for easier understanding of what ETFs are currently live and can be deposited into versus ones that are coming.
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The Robinhood Momentum ETF along with the Robinhood Volume ETF are dropping soon on Diamond!
These ETFs track short-term momentum across the Robinhood ecosystem along with volume-weighted movements (excluding wash trading) and carry all of the safety rails implemented in our previous ETF, the Robinhood Accumulation ETF.
Additionally, these ETFs rebuild themselves on an epochal basis based on parameters fed through the Diamond backend engine rather than being a static set of assets.
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We’ve crossed into 5-digit TVL territory!
$11k TVL on the platform and growing rapidly. 🎉
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Congratulations to the $JUGGERNAUT and $FRONG communities! Grateful to be building on a chain that is actively supported by its founders!
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We've crossed 1,000 followers on X!
We are grateful for each and every one of our supporters!
Here's to the next 1,000. 🎉
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The first ecosystem-and-parameter-based ETF is now live on Diamond: Robinhood Accumulation ETF!
The thesis: this ETF ranks tokens throughout the entirety of the Robinhood Chain ecosystem by net flow: 24h volume weighted by buys minus sells so it holds what is being bought rather than what is changing hands.
The rules that dictate this ETF: each epoch (24 hours), the system pulls the top pools by volume with tokenized stocks excluded by contract addresses using Robinhood's registry, fetches buy/sell counts per token and keeps those with positive net flows. Weight follows pool depth so the ETF's own rebalancing moves prices less.
The cadence: rebuilds and rebalances autonomously at 16:00 UTC daily with a 45-minute randomized delay. Drift checks at 04:00, 10:00 and 22:00.
Safety rails included in this ETF:
1. Live liquidity checks—stops the system from buying a token that it cannot sell.
2. Delivery confirmation— the system will not pay for tokens that do not, and cannot, arrive.
3. Denylist permanence— no token is bought or rebought after being flagged for malicious behavior by the system.
4. Exit collapses— the system will not hold a token indefinitely due to stale information. Only fires on a confident reading, never a failed lookup.
5. 3% drift bands— paying spread to correct noise.
6. 2% of pool depth per position— the system will never enter a position where it's too large to leave.
7. Proper slippage enforcement— no bleeding on tokens within the ETF immediately.
Autonomously rebuilt daily by Diamond's system.
Deposits are open at:
dapp.diamondbskt.com/#/etfs/…
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The first group of ETFs that span ecosystem parameters drop today on Diamond!
ETFs releasing today on the Diamond platform that can be deposited into:
1. Robinhood's Volume ETF— this ETF tracks the top traded tokens on Robinhood with a 24-hour epoch rebuilding period and a 6-hour drift cadence check.
2. Robinhood's Accumulation ETF— this ETF tracks the most accumulated tokens on Robinhood with a 24-hour epoch rebuilding period and a 6-hour drift cadence check.
3. Robinhood's Conviction ETF— this ETF tracks the tokens with the most conviction buys on Robinhood with a 24-hour epoch rebuilding period and a 6-hour drift cadence check.
Note: the images attached are without the filters in place for these ETFs including scam pre-checks, exclusion of assets that are not pertinent to the basket such as tokenized stocks in some cases, and safeguards.
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Hey @graildoteth! This infrastructure has existed for several months now at Diamond. 🤝
Ok making a calculated move here.
Sold my $Nude position and moved the entire position to double down on @downto_finance ($DTF), a day before the protocol is turned on (September 7).
All tokens are staked and ready for the protocol launch tomorrow.
This could either be a massively successful trade or a dramatic fail. It's risky, it's dangerous, it's shoving your hand into the fire and hoping you don't end up with permanent scars.
$DTF is trading at around ~6M FDV. Delays and antsy holders have beaten down the cap by 50% over the past few weeks.
WHY?
Novel DeFi. That's why. You can stop there and leave if you don't like long, windy, and probably boring threads.
A lot of infra has pumped this week, especially some of the memestock launchpads (SHROOMS, PAIR, STONK, STONKX)
I get the trade there, and there are clear revenues and a dartboard marketcap on the ceiling (PONS), where you can play a game of 'throw the darts' to guess what market caps are achievable on what chain.
Great. Money to be made there. Easy trades.
But all of these launchpads are basically competing with each other, slicing into each other's pie here, contesting for the same damn volume.
We are NOT pulling in new users here, onboarding retail money, offering unique products that will service the trillions in tradefi.
We are simply rotating crypto bags and calling it volume. Yes, gains are being made. The dry spell walking through the desert is over, and degens have found the oasis full of fruit trees and are ravaging everything edible.
Beyond this frenetic orgy of gains, there's a bigger story unfolding: creating the infra that can handle the 95% of the world's finance NOT plugged into crypto.
This is the world of tradfi, the world of equities, and a world that is just starting to be bridged over into our web3 realm. It's starting as a trickle, but it will become a roaring flood soon.
Protocols and apps that build the infrastructure to channel, maintain, control, and access this will be the next billion-dollar protocols.
And the landscape is wide open, a yet-unviolated wilderness ripe for conquest. That infra is being built out.
The new stuff. The cool stuff, the novel stuff that is creating new spaces where there were none before.
And @downto_finance, if it works, is one of those new and completely wild protocols.
It's doing what Uniswap did for tokens, but for tokenized funds.
One of those new financial protocols that are bringing something brand new to the table, offering yeild where there was, before, no yeild, creating markets that previously did not exist or were too difficult to access efficiently. Or simply taking markets that exist in TradFi and tokenizing them.
I think these kinds of protocols are interesting, and because they are pushing into new frontiers, there is no comparable ceiling by which to easily value them. This can lend to some outrageously ridiculous market cap expansions when the trade becomes the consensus.
Let's talk about WHY I'm DTF @downto_finance.
@downto_finance ($DTF) is trying to create a new kind of product that doesn't yet exist: Decentralized ETFs.
Fund strategies are issued as tokens, and a strategy is composed of tokens: onchain equities, chain protocols, infra, memes, etc.
This turns Downtown Finance into the layer that every onchain asset can be plugged into a vault, managed and monetized. It opens an entire new layer of finance, a new base primitive around which new markets can be created.
TradFi ETFs hold ~14% of the world's investable assets. @downto_finance is going to issue a decentralized version of this (the DETF).
The dev is autistic, and he's trying to solve a very hard problem. This is novel DeFi, the kind of experiment that, if it works, is going to be repriced rapidly.
It can also fail dramatically. The developer, one of the original Olympus DAO team, is taking the Ponzi that ran to billions and trying to tame it and leash it, and direct the mechanisms into a self-balancing ecosystem that allows for decentralized ETFs.
I don't know if this will work.
But if it does, I want to be there.
And at about 5M FDV, this is cheap (but hell of risky here, as the protocol might not work). We've seen other novel DeFi experiments speed-run market caps, with the most recent being SHROOMS, which is altogether far less interesting or innovative than what @downto_finance is doing.
Let's see how this one plays out.
If this works, this will be a 50M+ new DeFi protocol with a path to 9-10 figures.
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Hi @IncomeSharks, that's what we do!
Actively building out the ETF layer for the entire space. Hundreds of ETFs including your Meme100 one coming soon :)
No more having to be online and in front of a screen 24/7 to catch runners, top movers, etc.
You can also create your own on-chain fund composed of any asset class across multiple chains if you want something a bit more personal to you!
dapp.diamondbskt.com/#/etfs/…
dapp.diamondbskt.com/#/etfs/…
Still waiting for Meme ETFs that solve the liquidity issue, increase buy pressure, and allow people to actively trade them in both directions. I don't want to waste time on memes but if there was a Meme100 that traded the top 100 as one coin I'd be interested.
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Ecosystem ETFs coming soon to Diamond.
Rebuilt autonomously from market data based on their epochal timers and parameters.
A new form of investing on-chain.
dapp.diamondbskt.com/#/etfs/…
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You can even check which ETFs hold your favorite tokens for targeted exposure!
The industry's ETF platform. Coming soon to Diamond.
Nearly a thousand ETFs— something for everybody to deposit into regardless of your risk profile.
Browse upcoming ETFs at: dapp.diamondbskt.com/#/etfs/…
ETF image links:
1. dapp.diamondbskt.com/#/etfs/…
2. dapp.diamondbskt.com/#/etfs/…
3. dapp.diamondbskt.com/#/etfs/…
4. dapp.diamondbskt.com/#/etfs/…
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