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Ethena Partners with Robinhood for Earn Product
Ethena selected as primary collateral issuer for Robinhood's first crypto earn product, marking the first decentralized lending offering within the app.
Robinhood Chain, an Ethereum L2, launched its public mainnet on July 1, 2026, introducing tokenized stocks, USDG yield products, and DeFi lending. The chain is supported by major partners including Uniswap, Alchemy, BitGo, Chainlink, PancakeSwap, and Bitget Wallet.
Robinhood is expanding beyond its traditional stock brokerage into a full crypto ecosystem, aiming to unify stocks, crypto, wallets, and prediction markets on its own chain. The launch includes incentives like gas fee coverage and perpetual contract fee waivers for the first 90 days.
Initial market reaction positive with $HOOD token up 10% shortly after announcement; early meme coins on the chain also gaining attention. Long-term adoption remains to be seen.
RobinhoodChain developer and operatorDemocratizing finance for all. Crypto trading: Robinhood Crypto.
UniswapDecentralized token swapping and governanceUNI is the governance token for Uniswap, an Automated Market Marker DEX on the Ethereum blockchain. The UNI token allows token holders to participate in the governance of the protocol. Key decisions such as usage of the treasury or future upgrades can be decided through a governance vote.
AlchemyThe leading blockchain developer platform.Alchemy is a web3 development platform designed to make it easy to build and scale your dApp. The goal of Alchemy is to be the go-to place for developers looking to create products on top of a blockchain or mainstream blockchain applications. Its developer platform strives to reduce the complexity and costs associated with building infrastructure, while providing developers with the necessary tools to improve their applications.
BitGoInstitutional-level digital asset custody service providerBitGo is the digital asset company that has been exclusively focused on serving institutional clients since 2013. It provides institutional investors with custody, liquidity, and security solutions. Active in both centralized and decentralized finance, BitGo offers market-leading trading, lending, and borrowing services through its prime brokerage services and acts as the custodian for WBTC, the leading global stablecoin for Bitcoin.
ChainlinkThe industry-standard decentralized oracle networkChainlink is the industry-standard decentralized oracle network that solves the "oracle problem" by connecting smart contracts with real-world data. Blockchains cannot access external information on their own, so Chainlink acts as a secure bridge, enabling smart contracts to react to real-world events using verified, tamper-proof data. It is widely considered one of the first decentralized oracle networks and is the market leader in bringing off-chain data on-chain. The platform operates through a decentralized network of nodes that fetch, validate, and deliver data to smart contracts. When a contract requests information like a stock price, a committee of independent nodes retrieves and aggregates the data to reach consensus, then delivers a single trustworthy answer. Chainlink offers a suite of services including Data Feeds for asset prices, CCIP for cross-chain token transfers and messaging, Automation for triggering smart contract functions, and Proof of Reserve for verifying asset collateralization. Chainlink has established itself as critical infrastructure for both DeFi and institutional adoption, with partnerships including Swift, Euroclear, Mastercard, UBS, ANZ, Fidelity International, and J.P. Morgan. Its institutional products include the Chainlink Runtime Environment for tokenized asset workflows, Confidential Compute for privacy-preserving computation, and the Automated Compliance Engine for embedding regulatory rules into smart contracts. The LINK token is the native asset used to pay node operators for services, fund subscription accounts, and incentivize network security through staking. Node operators stake LINK as collateral, which can be slashed if they provide inaccurate data. Chainlink was co-founded in 2017 by Sergey Nazarov and Steve Ellis, who co-authored the white paper with Ari Juels, and raised $32 million in its September 2017 ICO.
PancakeSwapThe #1 AMM and yield farm on BNB ChainPancakeSwap is an automated market maker (“AMM”) that allows two tokens to be exchanged on the Binance Smart Chain. It is fast, cheap, and allows anyone to participate.
Bitget WalletMulti-chain Web3 wallets and everyday financial applicationsBitget Wallet is a multi-chain Web3 wallet and everyday financial application dedicated to connecting the blockchain with the real world and creating a simple and secure crypto experience. Since its founding in 2018, Bitget Wallet has served over 90 million users globally, supporting over 130 public chains, more than 1 million cryptocurrencies, and over 20,000 DApps. It provides a one-stop solution for asset storage, token exchange, wealth management, payments, RWA trading, contracts, and a DApp browser. The platform has reportedly established a user protection fund and multi-layered risk control mechanisms to reduce usage risks, and its self-custody model allows users to control their assets.
Trust WalletUtility token for the Trust Wallet ecosystemTrust Wallet Token (TWT) 511 is a utility token that can only be used within the app. This will be used to incentivize all Trust Wallet users. What are the Incentives of (TWT)? Governance token that will be used by anyone who wants to take part in making decisions for adding new blockchain support, tokens and product features. Will also be collected as fees for submissions to the Trust Wallet repository 59. Discounts on DEX services and purchasing crypto within the app. Collectible Marketplace, anyone interested in trading, selling or buying digital collectibles can utilize the token in a user-friendly environment. DApp reviews and promotions to incentivize developers to work on DApps that contribute to further adoption of Web 3.0 on mobile devices. Affiliate and bounty rewards, the token can be converted to BNB or ETH, that can be used for Network Fees. Vouching and User reputation, users will be able to vouch for developers of products they enjoy to show the quality of the product to the rest of the Trust Ecosystem.
Ethena selected as primary collateral issuer for Robinhood's first crypto earn product, marking the first decentralized lending offering within the app.
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